M Winkworth (WINK) H1 2025 TU earnings summary

Executive summary

• Interim dividend of 3.3p per ordinary share declared for Q2 2025.

• Strong H1 2025 performance driven by a 25% increase in network sales revenue year-over-year, with March particularly robust.

• Three new offices opened and two franchises resold in H1 2025.

Financial highlights

• Network sales revenue rose approximately 25% in H1 2025 compared to H1 2024.

• Lettings revenue increased by about 3% over the same period.

• Pre-tax profits for 2025 expected to be in line with market consensus at £2.6 million.

Outlook and guidance

• Directors expect full-year pre-tax profits to meet market expectations of £2.6 million for the year ending 31 December 2025.