The Property Franchise Group (TPFG) Q4 2025 TU earnings summary

Executive summary

• Achieved record organic growth in FY25, with profitability expected slightly ahead of market expectations.

• Successful integration of recent acquisitions, expanding scale and market reach across three divisions.

• Launched new revenue streams, including the Privilege programme and expanded financial services.

Financial highlights

• Group revenue rose 25% year-over-year to £84.3m; 9% increase on a pro-forma basis.

• Franchising revenue up 16% to £47.5m; Financial Services revenue up 26% to £24.2m.

• Licensing revenue surged 75% to £12.6m; net debt reduced to £2.3m from £9.1m.

• 51% of revenue derived from recurring sources.

Outlook and guidance

• Focus on expanding income opportunities, further rollout of Privilege, AI initiatives, and acquisitions.

• Lettings MSF expected to grow in 2026 despite lower rental inflation, supported by new programs and compliance-driven conversions.

• Strong sales pipeline of £33.0m at start of 2026, with expectations of further Bank of England rate cuts.

• Anticipates continued growth across all divisions in 2026.