Half-year Financial Report

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RNS Number : 3046M Midland Heart Capital PLC 19 December 2025  

Resilient results enable major investment in tenants' homes Midland Heart has reported a strong financial and operational update for the period 1st April 2025 - 30th September 2025. Despite a challenging economic environment and regulatory changes, Midland Heart achieved a surplus of £22.9m for the six months to September 2025, supported by robust financial management and operational focus. This financial strength has enabled continued investment in the energy efficiency and comfort of its homes, and the delivery of new affordable housing for the region. Financial highlights include: ·    Gearing: 38% (target <70%) ·    Interest cover: 311% (target >150%) ·    Liquidity: £346m ·    Moody's rating: A1 (Stable) Operationally, Midland Heart continues to put tenants first, reinforced by: ·    82.7% overall tenant satisfaction and 85.6% satisfaction with its repairs service ·    100% building safety compliance ·    c82% of homes EPC C or above The organisation has also delivered 109 new affordable homes during this period and remains on track to deliver 2,250 new homes by 2030, with a minimum of 60% for social rent. Midland Heart has secured c£50m additional funding through the from Homes England to accelerate delivery, bringing the total value of their Strategic Partnership programme to over £170 million. As well as delivering new homes, the organisation has committed over £60 million per year on a programme of retrofit and aesthetic upgrades to improve the look, feel and thermal comfort of over 6000 homes and families across the Midlands region. Sustainability is at the heart of this work, with £2.4m already invested in energy efficiency measures and CO₂ emissions cut by 25% compared to last year. Deputy Chief Executive of Midland Heart, Joe Reeves, said: "Our financial strength and operational resilience mean we can keep investing where it matters most; in safer, warmer homes for our tenants and in building the affordable housing our region urgently needs. These results show that even in challenging times, we remain focused on delivering real value for our communities." Read Midland Heart's latest performance report via our Investor Hub. For more information, or to arrange a meeting with Midland Heart, please contact Newbridge Advisors: ir@newbridge.co.uk.    

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