diff --git a/homeassistant/util/yaml/loader.py b/homeassistant/util/yaml/loader.py
index 97dbb7d8789..aac3e1274ee 100644
--- a/homeassistant/util/yaml/loader.py
+++ b/homeassistant/util/yaml/loader.py
@@ -359,10 +359,7 @@ def _include_dir_named_yaml(loader: LoaderType, node: yaml.nodes.Node) -> NodeDi
         filename = os.path.splitext(os.path.basename(fname))[0]
         if os.path.basename(fname) == SECRET_YAML:
             continue
-        loaded_yaml = load_yaml(fname, loader.secrets)
-        if loaded_yaml is None:
-            continue
-        mapping[filename] = loaded_yaml
+        mapping[filename] = load_yaml(fname, loader.secrets)
     return _add_reference(mapping, loader, node)
 
 
diff --git a/tests/util/yaml/test_init.py b/tests/util/yaml/test_init.py
index 1e31d8c6955..30637fe2785 100644
--- a/tests/util/yaml/test_init.py
+++ b/tests/util/yaml/test_init.py
@@ -193,7 +193,7 @@ def test_include_dir_list_recursive(
         ),
         (
             {"/test/first.yaml": "1", "/test/second.yaml": None},
-            {"first": 1},
+            {"first": 1, "second": None},
         ),
     ],
 )