Wheatley Housing Group — Scotland’s biggest social landlord — has announced trading results for the six months to September 30, 2025, showing turnover was £256.6 million, up from £234.5 million for the same period in the prior year.

Wheatley said its contribution to reduce homelessness hit a significant milestone at the half-year, with 11,115 new lets being made to homeless households, surpassing its five-year target of 11,000 six months ahead of schedule.

“Operating surplus of £65.5m represented an operating margin of 25.5% and a surplus before tax of £28.5m, £10.8m higher than budget,” said Wheatley.

“EBITDA of £89.6m for the period produced interest cover at 242%, with EBITDA-MRI interest cover at 130%. Our liquidity remains strong, enhanced by the creation of a £100m bond tap (fully retained).

“£95.5m was invested in homes on planned asset management, repairs and maintenance in the six months to 30 September 2025 to ensure continued delivery of the strategic asset management objectives, while achieving strong customer feedback, including customer satisfaction scores of above 90% across our four Registered Social Landlords.”