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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.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.
- Targets £240m revenue and £50m profit, doubling 2024, via tech, AI, and market expansion.FOXT
CMD 20258 Jul 2026 - Lettings growth and cost actions offset weaker Sales, keeping full-year guidance unchanged.FOXT
Q1 2026 TU23 Apr 2026 - 5% revenue and EBITDA growth driven by lettings and acquisitions, with strong outlook for 2026.FOXT
H2 20255 Mar 2026 - Double-digit revenue and profit growth, with sales outperformance and robust outlook.FOXT
H1 20242 Feb 2026 - 2025 revenue rose 5% to £172m, driven by Lettings and acquisitions, with stable profit margins.FOXT
Q4 2025 TU15 Jan 2026 - Strong revenue and profit growth in 2024, driven by market share gains and operational upgrades.FOXT
H2 20243 Dec 2025 - Double-digit profit growth, margin expansion, and robust Lettings underpin strong H1 results.FOXT
H1 202516 Nov 2025 - Lettings growth drove Q3 revenue up 3% year-over-year, offsetting a subdued sales market.FOXT
Q3 2025 TU23 Oct 2025 - Q3 revenue up 8% and sales revenue up 36%, marking the strongest Q3 since 2015.FOXT
Q3 2024 TU13 Jun 2025
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