Christie Group (CTG) H2 2025 earnings summary

Executive summary

• FY25 continuing-operations revenue rose 19.2% to £70.6m; operating profit increased 95.5% to £6.9m, with growth across both divisions.

• Results were significantly ahead of expectations, supported by stronger-than-expected Q4 deal flow; the Board expects another positive year of progress in 2026.

Financial highlights

• Continuing-operations revenue was £70.6m (2024: £59.2m); operating profit £6.9m (2024: £3.5m); profit before tax £6.0m (2024: £2.6m).

• Operating cash inflow reached £7.5m (2024: £2.7m); year-end net funds were £9.4m (2024: £4.9m).

• Continuing EPS rose to 19.37p (2024: 10.31p); total EPS including discontinued operations was 5.08p (2024: 7.77p).

Outlook and guidance

• Q1 2026 began strongly, with robust instruction levels and the UK brokerage transaction pipeline up 9.6% YoY at 1 January 2026.

• Transaction volumes are expected to remain in line with 2025, with more than 1,000 business sales, assuming stable investment and lending conditions.

• Longer deal completion timelines may moderate near-term fee income conversion; a strong pipeline and balance sheet support continued reinvestment and growth.