Leeds Building Society Sees Revenue Surge to £794 Million in 2025
Leeds Building Society has reported a sharp increase in revenues for the year 2025, with total income rising to £794 million. This growth comes alongside significant expansions in both savings and mortgage balances, highlighting the society's robust performance in a competitive financial landscape.
Financial Performance Highlights
According to the annual reports, the society's revenue grew substantially, nearing the £800 million mark. However, net profit experienced a slight decline, settling at £275.5 million for the same period. Despite this dip, the overall financial health of the institution remains strong, driven by strategic initiatives and member-focused services.
The society attributed part of its success to offering favourable savings rates, which helped boost savings balances by £1.1 billion year on year, reaching a total of £54.0 billion. Mortgage balances also saw growth, climbing to £51.9 billion, as detailed in the annual report.
Strategic Investments and Community Commitment
Bosses at Leeds Building Society emphasized progress on several strategic targets, including a record investment in technology and systems. This investment aims to improve the speed of inbound payments, enhancing operational efficiency and customer experience.
The society reaffirmed its commitment to its branch network and its role in local communities. Key initiatives include an ongoing partnership with the charity FareShare and hosting Citizens Advice advisers at 44 of its branches. These advisers provide essential financial and legal advice to members, underscoring the society's dedication to supporting community wellbeing.
Leadership Insights and Future Outlook
Chief executive Susan Allen commented on the society's performance, stating, "Yorkshire Building Society delivered a solid performance for the year ending December 2025, growing our mortgage and savings balances sustainably and sharpening our Purpose, Real Help with Real Life, to set a clear path for the future."
She added, "We continued to provide our members with above market average savings rates and went further to make good homes possible for more people. We launched targeted, innovative products to help overcome the challenges people face in finding a good home and building financial wellbeing. With economic challenges likely to remain in 2026, our renewed Purpose - and the support we offer our customers and communities as one of the UK’s biggest mutuals - matters more than ever."
Looking ahead, Leeds Building Society plans to maintain its focus on strategic priorities, including delivering competitive products and services for its members and ensuring financial strength. The society acknowledged that high levels of competition in mortgages and savings are expected to persist but expressed confidence in its business model and resilience to navigate future economic uncertainties.
