Mortgage Advice Bureau (MAB1) H1 2026 TU earnings summary

Executive summary

• Delivered resilient H1 2026 performance amid subdued consumer confidence and volatile mortgage pricing.

• Total mortgage completions rose 16% year-over-year to approximately £16.5bn.

• Group revenue increased 8% to about £160m compared to H1 2025.

• Adjusted profit before tax expected at £14.6m, in line with H1 2025.

• Continued integration of subsidiaries acquired in late 2025, with synergies expected to build in H2.

Financial highlights

• Mortgage completions up 16% year-over-year to £16.5bn.

• Revenue up 8% to £160m versus £148.2m in H1 2025.

• Adjusted profit before tax stable at £14.6m (H1 2025: £14.5m).

• Average revenue per mainstream adviser steady at £74k.

Outlook and guidance

• Full-year results expected to be in line with expectations.

• Profitability in 2026 anticipated to be more weighted towards H2, supported by revenue growth and acquisition synergies.

• No assumed improvement in housing transactions amid ongoing geopolitical and policy uncertainty.

• Strong visibility over 70k fixed-rate mortgage maturities in H2 to support refinancing.