Bridge Housing Annual Report 2022 - Flipbook - Page 11
I am pleased to report that Bridge Housing has again
recorded a strong financial result in 2021–22 despite the
COVID-19 pandemic, labour and supply shortages and
increasing costs. We continued to invest in property
maintenance and strengthened our balance sheet to
establish a strong financial base for ongoing growth.
This includes an operating EBITDA of $2.6M, underlying
operating income of $61.1M and underlying operating
expenses of $58.5M. These results occurred in the context
of record investment in repairs and upgrades, particularly
across the portfolio on the northern beaches.
Finally, I would like to thank the Board of Directors for
their strategic guidance of our business and the support and
care that they have shown to staff and management
as we have faced the challenges and opportunities of
2021-22. We enter a new financial year with strong business
fundamentals and clear plans to grow and develop.
Rebecca Pinkstone
Chief Executive Officer
Bridge Housing
Improving lives, strengthening communities | 7