The Property Franchise Group (TPFG) Trading Update summary

Trading performance and growth

• Achieved significant organic growth, with full-year adjusted profit before tax expected to meet or exceed market expectations of £30.0m.

• H2 revenues to 31 October grew by 11% year-on-year, driven by strategic initiatives, the Privilege programme, and strong mortgage and sales transactions.

• The Privilege programme, focused on lettings, is delivering tangible benefits and mitigating the impact of new legislation.

Strategic initiatives and outlook

• Ongoing rollout of the Privilege programme aims to protect franchisees and landlords from the Renters Rights Bill, effective 1 May 2026, while generating additional income.

• New bespoke lending facility with Barclays provides franchisees with improved access to funding for expansion and refinancing.

• Diversified revenue streams and a strong franchise model position the group for continued growth in FY 2026.

Leadership and governance

• Dean Fielding stepped down from the Board at the end of November 2025, as previously announced.

• CEO highlights strong momentum, successful scale leverage, and positive uptake of the Privilege programme.