Zentra Group PLC (AQSE: ZNT), the Manchester-based residential developer, development manager and property manager focused on the North of England, is pleased to announce its audited results for the year ended 30 June 2025 (FY25).

Financial highlights

• Reduction in revenue of £6.59m, 45% on the prior year, from £14.65m to £8.06m, driven by a reduction in sales completions from 52 to 27 during the period.
• Gross loss of £0.29m, down by £0.47m or 261% on prior year mainly due to sales completions of plots subject to impairment in the current and prior years (FY24: gross profit of £0.18m).
• Loss before tax of £1.71m, which was £1.84m better than the prior year (FY24: loss of £3.56m).
• Basic loss per share of 4.4 pence (FY24: loss of 8.7 pence).
• Sale of four subsidiaries to a related party for a profit of £1.41m.
• Loans and borrowings of £8.55m (FY24: £16.98m). The loan note facility was extended for a further 12 months to March 2026 at reduced interest rate of 6% per annum (FY24: 7%).
• A new loan facility with a related party of £7.94m at an interest rate of 6% per annum (the previous shareholder loan balance in FY24 was £10.98m at an interest rate of 7%). The new loan was extended in the period to December 2026, with the ability to extend for a further 2 years.
• As part of finalising the annual audit, on 30 December 2025 the Group has:
  1. agreed with OH UK Holdings Limited (“OHUK”) that OHUK will make available a further amount of £3m to the Group if required, increasing the maximum aggregate funding available under the existing loan agreement to £11m; and
  2. agreed to further extend the Loan Note due to mature on 14 March 2026 until the Group has recovered the loan receivable due from the developer of the One Victoria project in Manchester.

Operating highlights

• Completion of the sale of all remaining 24 houses at Victoria Road, Eccleshill under the new Zentra Homes brand.
• Continued progress to move away from co-living activity due to uncertainties on returns and drain on operational capacity.
• Advancement of construction on the One Victoria project in Manchester, with the completion of the 129 apartment complex, under the Zentra Living brand, expected in the second quarter of 2026 utilising a fixed-price contract procurement strategy.  Pre-sales of the units are now well progressed.
• Transition onto the Aquis Real Asset Market (“ARAM”) segment of the Aquis stock exchange, which aims to give issuers a structure that aligns capital formation to individual projects and gives investors clearer visibility of asset-level economics.
• Nick Courtney appointed as Finance Director, adding substantial knowledge and experience to the Group’s leadership team and finance function.

Post Period Events

• Completion of the design phase on the newly acquired New Islington development, with on-site activity expected in the first half of 2026.
• Completion of the sale of the land at the rear of Seaton House, Stockport for £0.4m.

Outlook 

• The completion of the One Victoria project in Manchester, and commencement of on-site works at the 40 apartment New Islington development are a core focus heading into calendar 2026.
• The reorganisation of the financial and operational structures in early FY25 has created a leaner team, but with a renewed focus on pipeline projects to create lasting value for our shareholders.

The Annual Report and Accounts for the year ended 30 June 2025  is available in full to download from the Company’s website (www.zentragroup.co.uk).