Foxtons Group
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Foxtons Group (FOXT) investor relations material

Foxtons Group Trading update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Trading update summary16 Jul, 2026

Lettings market update

  • Introduction of the Renters' Rights Act led to increased tenancy terminations, especially in student rentals, reversing about £3m of previously recognized revenue.

  • Despite short-term volatility, medium-term growth opportunities are expected due to increased demand for professional lettings and property management.

Sales and financial services performance

  • Sales market weakened by political uncertainty, Middle East conflict, and higher interest rates, resulting in lower transaction volumes.

  • Financial Services saw revenue growth from stronger refinance volumes, increased cross-sell, and resilient new purchase mortgage revenues.

Cost management and profit outlook

  • Achieved £4.5m in annualized cost savings in H1, including £3.0m from cost-reduction initiatives and £1.5m from HQ relocation.

  • H1 2026 adjusted operating profit expected at approximately £8.5m, down from £12.3m in H1 2025.

  • Full year 2026 adjusted operating profit forecasted between £17m and £19m, with H2 expected to be stronger due to lettings seasonality.

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