- Property Franchise Group
- 29 January 2026 12:21:58
Source: Sharecast
Group revenue for the year ended 31 December rose 25% to £84.3m, compared with £67.3m a year earlier, representing 9% growth on a pro-forma basis.
Recurring revenue sources accounted for 51% of total income.
Net debt fell to £2.3m from £9.1m in 2024, reflecting improved cash generation following the integration of Belvoir Group and GPEA, which were acquired in 2024.
Franchising revenue increased 16% to £47.5m, or 9% on a pro-forma basis, supported by growth in both lettings and sales management services fees.
Lettings MSF rose 14% to £21.6m, despite a challenging lettings backdrop and lower rental inflation, while sales MSF increased 13% to £10.5m, aided by lower borrowing costs and demand ahead of changes to stamp duty in March 2025.
Revenue from the group’s 11 owned offices rose 11% to £7.8m.
The launch of the Privilege programme generated £1.5m of revenue in its first year, creating a new income stream for the group.
Financial services revenue climbed 26% to £24.2m, or 10% on a pro-forma basis, driven by higher transaction volumes and improved adviser productivity.
Total mortgages written increased to 25,000 during the year, representing £4.4bn of lending.
Following the year end, the group acquired an 85% stake in Smart Advice Financial Solutions for £1.5m, an acquisition it said was expected to be immediately earnings enhancing.
Licensing revenue rose 75% to £12.6m, reflecting expansion of the Fine & Country brand and growth in the Guild of Property Professionals, although underlying pro-forma growth was 3%.
Fine & Country added 13 new licensees during the year, including eight international offices across Europe, Africa and South America.
Looking ahead, TPFG said it entered 2026 with a strong sales pipeline of £33m within franchising and expects further growth across all divisions.
It highlighted opportunities from the continued rollout of the Privilege programme, increased compliance requirements under the Renters Rights Act and the potential for further reductions in borrowing costs.
“2025 was a strong year of execution, with successful business integration and solid growth in revenue, profitability and cash,” said chief executive Gareth Samples.
“Our significantly increased scale is enabling us to deliver greater value to our network and enables us to capitalise on additional revenue opportunities ... as we build on our consolidated platform to unlock additional growth opportunities which are underpinned by a resilient business model and a high proportion of recurring revenues.”
At 1153 GMT, shares in Property Franchise Group were up 2.17% at 517p.
Reporting by Josh White for Sharecast.com.