Half Year Financial Report For the six months ended 30 September 2022

bpha maintain strong financial performance in Half-Year Report

bpha today (29 November) released its Half Year Financial Report for the six months ended 30 September 2022.

The report shows good progress against each of the 6 strategic themes set out in the 2021/22 Financial statements, whilst maintaining strong financial performance, delivering a surplus of £16.8m

It also outlines how we are continuing to invest in our people, systems and technology to enable us to deliver the Corporate Plan over the long term.

Highlights

• We have a stable core operating margin of 43% (September 2021: 45%)
• Our net cashflow from operating activities increased slightly to £33.1m (September 2021: £32.1m) which covers our interest payments and investment in existing assets
• Increased investment of £17.2m in maintaining and improving existing homes (September 2021: £13.1m)
• We have built 97 homes built since beginning of financial year