EYE NEWS UPDATE: TPFG reports ‘strong organic growth’ and ‘solid operational progress’ in full-year results

Gareth Samples, CEO of The Property Franchise Group
Gareth Samples

The Property Franchise Group PLC, the UK’s largest multi-brand property franchisor, has announced its final results for the year ended 31 December 2025.

The group reports a record year, delivering strong organic growth and a 22% increase in full year dividend.

TPFG’s chief executive officer, Gareth Samples, commented: “2025 was characterised by strong organic growth and solid operational progress across all three divisions, delivering profitability ahead of expectations. The scale and capability built through last year’s acquisitions materially strengthened our strategic position and underpin the continued development of our platform model, enabling us to deliver enhanced value to franchisees, licensees and advisers.

“The successful launch of the Privilege programme, record performance in Financial Services and continued momentum in our Licensing division demonstrate the benefits of our increased scale and our ability to capture new revenue opportunities.

“Looking ahead, we expect further commercial opportunities. Our diversified income streams, strengthened balance sheet, and expanding platform provide a resilient foundation from which to pursue further growth. This will continue to assist us in navigating market cycles in our core lettings and sales markets. With a clear strategy in place and proven ability to capitalise on changing market dynamics, we remain confident in our ability to deliver sustainable long-term value for shareholders.”

Financial Highlights 
Group revenue increased 25% to £84.3m (2024: £67.3m), 9% growth on a pro-forma basis1 with 51% (2024: 52%) of revenue from recurring revenue sources
Management Service Fees (“MSF”) increased 14% to £32.4m (2024: £28.3m)
Financial Services revenue increased 26% to £24.2m (2024: £19.2m)
EBITDA increased 49% to £30.3m (2024: £20.4m)
Adjusted profit before tax2 increased 39% to £31.0m (2024: £22.3m)
Adjusted basic earnings per share2 increased 27% to 40.3p (2024: 31.7p)
Net debt reduced to £2.3m (2024: £9.1m)
Cash generated from operations increased to £22.1m (2024: £14.7m); conversion from earnings of 116% (2024: 145%)
Proposed final dividend of 15p, making a full year dividend of 22p per share, up 22% (2024:18p)
1 Pro-forma basis includes revenues earned by Belvoir Group and GPEA within H1 2024 prior to acquisition
2 Before share-based payments charge, exceptional items, amortisation arising on acquired intangibles, unwinding of discounting on acquisition deferred consideration and a one time gain on the reduced deferred consideration of GPEA.
Operational Highlights
 
Managed portfolio of 149,000 properties (2024: 153,000), reflecting landlord caution ahead of the Renters’ Rights Act and a more measured pace of portfolio acquisitions
Completed on 35,000 residential sale transactions (2024: 30,000)
Sales pipeline remained steady at £33.0m (2024: £33.4m)
Launched the Privilege programme, a set of lettings-focused offerings for franchisees, which added £1.5m of incremental revenue
Financial Services division delivered a record 25,000 mortgages (2024: 23,000 mortgages)
In the Licensing division, Fine and Country added a further 13 new licensees including eight new international offices
Significant progress in AI focused initiatives with rollout started in 2026
Enhanced senior leadership team to support the next phase of the Group’s growth
Outlook
 
Focused on delivering further revenue synergies arising from the Group’s increased scale and platform capabilities
Well positioned to navigate anticipated market conditions in 2026, including the impact of evolving government legislation
Continuing to pursue complementary acquisition opportunities that strengthen the platform and generate accretive returns for shareholders
Our franchise model, highly recurring revenue streams and strengthened leadership provide a compelling platform for growth, and the Board is confident in delivering the full potential of the enlarged business
 
Analyst presentation
An analyst presentation will be held at 10:00am today. Should you wish to attend, contact propertyfranchise@almastrategic.com for joining details.
 
Investor presentation
The company will host a live virtual presentation and Q&A for private investors at 1:30pm on the 19 March 2026 on the Investor Meet Company platform. All investors interested in attending are asked to register using this link.
 

 

x

Email the story to a friend!



Leave a reply

If you want to create a user account so you can log in, click here

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.