The Property Franchise Group (TPFG) H1 2026 TU earnings summary

Executive summary

• Achieved record first half performance with robust organic growth and platform expansion, despite a subdued UK sales market.

• Trading remains in line with market expectations for the full year.

• Continued execution of growth strategy through acquisitions, strategic investments, and product innovation.

Financial highlights

• Group revenue rose 7% year-over-year to £43.3m; like-for-like revenue up 4%.

• Franchising revenue increased 8% to £24.0m; Financial Services revenue up 10% to £13.0m.

• Lettings Management Service Fees grew 2% to £10.6m; Sales MSF up 1% to £5.0m.

• Net debt reduced to £8.2m from £10.9m year-over-year.

• Other franchising income surged 44% to £4.0m, driven by platform initiatives.

Outlook and guidance

• Full year trading expected to be in line with market expectations.

• Diversified income streams and recurring revenue base provide resilience amid market uncertainty.

• Ongoing investment in platform expansion, AI-enabled products, and regulatory adaptation.