Nuffield Health’s deficit after tax widened by more than 60% to £58.8m from £36.4m during 2025, according to its annual report.
This came despite group revenue rising to £1.48bn from £1.45bn in 2024 and a focus on controlling costs as the organisation said it saw “an increase in private medical insurance activity and demand for self-pay services”.
Nuffield’s 35 hospitals collectively delivered more than 302,000 inpatient services, which helped revenue in this division to jump by £34.6m.
Sales in its 110 fitness and wellbeing centres grew by £12.3m from supporting 782,000 people.
Nuffield Health highlighted that its revenue increased by £31.6m to £1.48bn, while its adjusted EBITDA increased by £30.8m or 33.5%, which it said demonstrated a significant improvement in operational performance.
“While the reported deficit after tax increased from £36.4m to £58.8m, this deterioration was primarily driven by a non-cash fair value accounting adjustment rather than underlying trading performance,” it said.
“Excluding this accounting impact, the deficit after tax would have been £31.4m, representing a £5m year-on-year improvement.”
Social value boost
Nuffield reported the free community health programmes it funds helped 25,000 people at the lower end of the economic scale.
For example, in 2025, the charity estimated approximately 25,000 GP appointments were avoided and 81,000 sick days prevented, by the delivery of its programmes.
Nuffield Health chief executive Alex Perry (pictured) said 2025 was a clear step up on past performance.
“This progress was achieved while improving our quality measures, customer feedback and colleague engagement, as well as delivering the highest level of social value to date from our unique free health improvement programmes,” he said.
“We receive no donations or funds from shareholders, and every pound we reinvest in our services must be earned through our business performance.
“The 2025 result has given us a stronger organisation, and the ability to increase investment in our services, our free health programmes and our people who continue to make a positive difference to the lives people across the UK every year.”