The Property Franchise Group (TPFG) has announced its trading update for the year ending 31 December 2025, reporting significant organic growth during the period, with full year adjusted profit before tax expected to be at least in line with market expectations.
Building on a successful H1 performance, H2 trading has continued to deliver good growth across the Group. Revenues in H2 to 31 October grew by 11% YoY, supported by our progress on our strategic projects, the Privilege programme (a set of lettings focused initiatives to support landlords and tenants), and strong mortgage and sales transactions, despite the speculation around potential changes to stamp duty and property taxes more widely during the period.
Outlook
Current trading remains strong, with an operational focus on continuing the rollout of the Privilege programme across the Group. With the Renters Rights Bill now confirmed for the 1 May 2026, this crystallises the importance of the Privilege programme which is designed to protect our franchisees and landlords from the potential impacts of the legislation, whilst also generating an additional income stream for the Group.
TPFG says that whilst the increased property taxes on landlords in the government’s budget were disappointing, we anticipate this to have a limited impact on the business going forward with the changes likely to drive further rental inflation as landlords pass these costs on to tenants.
In the period, the group also secured a new bespoke lending facility with Barclays to provide franchisees with more convenient and cost-effective access to funding. This will support franchisees in expanding their businesses, principally through acquisitions and refinancing existing debt on more favourable terms.
The strength of the group’s franchise model and diversified revenue streams puts TPFG in a strong position and continues to shelter it from market cyclicality. As such, the Group expects further growth across the divisions in FY 2026 and looks to the future with confidence.
TPFG CEO, Gareth Samples, commented: “We are continuing to leverage the enlarged scale of the group to capitalise upon additional income opportunities and provide increased value to our franchisees and members. The uptake of our Privilege programme has been pleasing and is delivering tangible benefits, mitigating the impact of Renters Rights Bill.
“Underpinned by a strong franchise model and diversified revenue streams, we have seen strong momentum and significant organic growth in trading to the end of October resulting in our expectations for the full year profitability to be at least in line with market expectations.”