Christie Group (CTG) investor relations material

Executive summary

• H1 revenue rose 5.4% to £36.0m and adjusted operating profit increased 11.1% to £2.4m, with growth across all five trading brands and UK and international operations.

• Robust demand and higher business-sale and finance-brokerage pipelines support expectations of stronger H2 performance and full-year results in line with market expectations.

Financial highlights

• Continuing-operations revenue was £36.0m, versus £34.1m in H1 2025; PFS revenue grew 5.8% and SISS revenue grew 2.1%.

• Operating profit before the non-recurring pension charge rose to £2.4m from £2.1m; reported operating profit was £2.0m after a £0.4m charge.

• Profit before tax was £1.5m, versus £1.7m; adjusted for the pension charge, it was £1.9m, up 12.3% YoY. Profit after tax was £1.045m, versus £678k restated.

• Total EPS was 4.12p, up 57% YoY; adjusted EPS before the pension charge was 5.69p, up 116%.

Outlook and guidance

• Full-year performance is expected to be in line with market expectations; prior market forecasts were £75.0m revenue and £4.6m adjusted PBT.

• Revenue and invoicing are expected to be second-half weighted; the outlook includes selling more than 1,000 businesses in FY26.

• Active mandates and agreed deals in solicitors’ hands were up 7% at 30 June versus the start of the year; lender-sanctioned finance offers were up 27% YoY and 8% since year-end.

• H2 trading is expected to be cash-generative, with investment continuing in UK and overseas teams and growth opportunities.