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Annual Report and Financial Statements 2025/2026

Two people standing together outdoors in a garden, with one person placing an arm around the other's shoulder.

Sanctuary is pleased to share its audited financial results for 2025/2026.

The 12 months have seen the Group successfully navigate through recent macro-economic challenges and achieve a sound financial performance, while delivering record levels of reinvestment in homes for the second consecutive year for the benefit of customers.

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125,386

Homes in management

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£1,216.6m

Group revenue

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£230.6m

Underlying operating surplus

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£239.2m

Operating surplus

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19.0%

Underlying operating margin

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19.7%

Operating surplus margin

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29.9%

Social housing operating surplus margin

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110.2%

EBITDA MRI interest cover

“The Group delivered a good financial performance in 2026 with improved operating performance helping mitigate employment, compliance and building safety cost pressures.

The Group remains financially robust with strong liquidity metrics. This ensures we maintain compliance with all our Golden Rules, and retain strong investment‑grade credit ratings, whilst continuing to invest in our existing homes, services and technology.

Our customer‑centred approach, ensuring residents are at the heart of everything we do, has also been recognised. Sanctuary has been awarded a C1 rating by the Regulator of Social Housing for consumer standards. The rating reflects the quality of our services and our commitment to listening to customers and continuing to improve.

Our diversified operating model, disciplined financial management, and strong operational performance ensures we continue to deliver our social purpose.”  

Ed Lunt, Chief Financial Officer