Housing provider Abri Group reported a turnover of £375m for 2024-2025, up £75m from last year.
Operating surplus stood at £110m, with an exceptional surplus of £464m following the addition of Octavia Housing in December 2024.
Rental income increased by £64m and property sales rose by £8m.
In the last year, the group delivered 788 new homes and began its largest regeneration scheme in Windsor.
Abri reached the halfway mark in its 10-year plan to deliver 10,000 homes by 2030.
Investment into existing homes hit a record £130m, up from £100m the previous year.
Spending included £4.6m on building and fire safety, £2.9m on energy efficiency, and £2.6m aimed at tackling damp and mould.
The group generated £10.5m in social value and £7.7 million in additional community benefits for customers.
Gary Orr, CEO at Abri Group, said: “Abri continues to report strong performance with increased turnover year on year.
“Our results demonstrate our continued financial strength and resilience and as such have enabled us to bring Octavia Housing into the group to stabilise their financial position and improve their services.
“Committed to protecting Octavia Hill’s legacy and the fundamental purpose of social housing, we’re proud to have once again increased our investment into Abri’s existing homes this year, deliver more affordable housing and support our communities to thrive, whilst supporting an organisation in need.”
Orr added: “Our rescue and recovery of Octavia Housing has understandably been reflected in this year’s financial performance, but we remain highly robust and able to continue our longer-term pursuit of quality homes and services for our residents and customers.”
