Shares in Foxtons rose 4.1% to 48.04p in London on Thursday after the estate agency released its full-year results for 2025, describing trading conditions in the capital as “challenging” over the past year.
Analyst research from Panmure Liberum has meanwhile reaffirmed a BUY rating on the company’s shares following the results announcement.
Adiran Kearsey at Panmure said: “Foxtons, London’s leading estate agency, has delivered FY25 results in line with expectations. Full year revenues increased +5% YoY (£172m FY25 vs £164m FY24). The uplift was broadly based, with each of the three divisions delivering meaningful growth. Despite the national insurance and other cost inflation headwinds, Foxtons has managed to maintain underlying EBIT at £22m.
“As we assess the prospects for FY26 and FY27, we anticipate Foxtons will ultimately be a key beneficiary of the Renters Rights Bill and attract further market share gains from its unique platform.
“Meanwhile, the M&A strategy is adding value to the Group. As an example, the Reading and Watford transactions are already delivering 16%-17% returns and are well placed to deliver returns above 20% in FY26. As a consequence, we are leaving our revenue and earnings forecasts unchanged. With the business continuing to deliver, we see material upside in the share price, and we reiterate our 103p target price and BUY recommendation.
Highlights:
+ At the Group level, full year revenues increased +5.3% YoY (£172m FY25 vs £164m FY24). The uplift was broadly based, with each of the three divisions delivering meaningful growth. Within the mix, Lettings and Sales each delivered +4.7% and 5.6% YoY growth respectively. Financial Services delivered +10.4% YoY growth.
+ YoY growth across the four quarters varied considerably. 1Q25 enjoyed a material uplift in activity due to the changes in stamp duty. More recently, 4Q25 suffered from the timing and disruption caused by the November Budget.
EYE NEWS UPDATE: Foxtons publishes full year financial results