Investors

Executing the right strategy for Sanctuary

Sanctuary is an organisation with social purpose at its heart. We pride ourselves on being resilient, financially-strong and well-managed - because those qualities enable us to deliver our mission and serve our customers.

Annual Report and Financial Statements

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

Read the full report

Corporate Strategy

Our new corporate strategy sets out our priorities for Sanctuary over the next five years.

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Read our latest strategy

Key financial highlights:

125,386

Homes in management

£1,216.6m

Group revenue

£230.6m

Underlying operating surplus

£239.2m

Operating surplus

19.0%

Underlying operating margin

19.7%

Operating surplus margin

29.9%

Social housing operating surplus margin

110.2%

EBITDA MRI interest cover

Group revenue increased by £37.3 million in 2026, or 3.2%, to £1,216.6 million (2025: £1,179.3 million). Growth was primarily driven by higher affordable housing rental income, reflecting regulated rent increases with a continued focus on effective letting and tenancy management, and improved care occupancy and fee rates. The student business, also continued to contribute to the increase in Group revenue through improved occupancy levels.

Underlying operating surplus increased to £230.6 million (2025: £226.0 million). The increase reflected stronger operating performance and efficiency savings across the Group, partly offset by higher maintenance, compliance, void-related works and employee costs.

Key metrics

View our key performance indicators

Our entities

Learn about our companies and legal entities

Financial performance

View our Statement of Comprehensive Income, Financial Position, Changes in Equity and Cash Flows

Regulation

We are regulated by the Social Housing Regulator in England, the Scottish Housing Regulator in Scotland, the Care Quality Commission in England and the Care Inspectorate in Scotland.

Euro Medium Term Note (EMTN) Programme

Our EMTN programme provides Sanctuary with a flexible platform to issue notes on a repeated basis, offering public listed or private placement formats, in multiple currencies, with varying maturities, and in a very short timeframe. The programme has been rated A2 by Moody’s and A by S&P.

EMTN Programme Documentation

Obligors Financial Statements

Issuer: Sanctuary Capital PLC

Group Borrower: Sanctuary Treasury Limited

Borrower: Sanctuary Housing Association

Borrower: Sanctuary Affordable Housing Limited

Borrower: Sanctuary Scotland Housing Association Limited

Borrower: Swan Housing Association Limited

Sustainability

Our Sustainable Finance Framework is another positive step in our sustainability journey reinforcing our long-term commitment to the environment and our customers.