The Property Franchise Group (TPFG) has released its interim results for the six months ended 30 June 2025 (H1 FY25), reporting significant revenue growth and continued operational progress across its divisions.
Financial highlights
+ Group revenue rose by 50% to £40.3m (H1 2024: £26.9m), representing a proforma increase of 8% from £37.2m.
+ Franchising revenue up 20% to £21.8m (H1 2024: £18.2m)
+ Financial services revenue up 59% to £12.2m (H1 2024: £7.7m)
+ Licensing revenue up 514% to £6.3m (H1 2024: £1m)
+ Recurring revenue represented 47% of total income
+ Adjusted EBITDA increased 63% to £15.7m (H1 2024: £9.6m), with a proforma increase of 22% from £12.9m
+ Adjusted profit before tax grew 59% to £14.5m (H1 2024: £9.1m), proforma increase of 18% from £12.3m
+ Adjusted basic earnings per share rose 18% to 18.3p (H1 2024: 15.5p)
+ Net debt reduced to £10.9m (H1 2024: £14.3m)
+ Cash generated from operations increased significantly to £13.2m (H1 2024: £3.7m)
+ Interim dividend increased by 17% to 7.0p per share (H1 2024: 6p)
Operational highlights
+ Launched the Privilege programme, enhancing the Group’s lettings offering by leveraging group scale
+ Progress made on AI integration, with H2 launches planned to improve call handling, property management, and digital marketing
+ Managed portfolio stood at approximately 150,000 properties (H1 2024: 153,000)
+ Sales pipeline value increased to £43.5m (H1 2024: £33.4m)
+ The Financial Services division completed 12,800 mortgages (H1 2024: 12,000)
+ Licensing division included 1,035 licensees (H1 2024: 1,043)
+ £1m in acquisition synergies delivered in line with expectations
Current trading and outlook
The group says it has entered the second half of the year with robust trading momentum and is well-positioned to capitalise on opportunities arising from its increased scale. TPFG’s franchise model and diversified revenue streams continue to provide resilience against market fluctuations.
With continued progress across all divisions, the group expects to deliver full-year results in line with market expectations, and remains confident in its outlook for the remainder of FY25.
TPFG’s chief executive officer, Gareth Samples, commented: “This has been another record six months for the Group, driven by the successful integration of recent acquisitions and the enduring strength of our franchise model. The enlarged Group is delivering both cost and revenue synergies, while generating strong cash flows which support our progressive dividend policy.
“Our increased scale and reach provides multiple growth levers: further expanding our three divisions, launching market-leading initiatives such as the Privilege programme, and advancing our AI and technology opportunities.
“I would like to thank our franchisees, licensees, advisers, and colleagues across the Group for their continued hard work and commitment, and on behalf of the Board, I would also like to take this opportunity to thank Dean for his contribution and support during a period of transformational growth and change for the Company. We enter the second half with strong momentum and remain confident of delivering further growth throughout H2 and beyond.”
Analyst presentation
An analyst presentation will be held at 10am today. Should you wish to attend, contact propertyfranchise@almastrategic.com for joining details.
Investor presentation
The Company is hosting a live private investor presentation and Q&A session at 3pm today on the Investor Meet Company platform. All private investors interested in attending are asked to register using the following link: https://www.investormeetcompany.com/property-franchise-group-plc-the/register-investor.
