London estate agency group Dexters has reported an 11% increase in revenue to £247m and a 10% rise in profits to £52m for the year ended 30 September 2025, according to its latest report and accounts.
The company said 9% of the revenue growth was organic, with the remainder driven by acquisitions, including Keatons in east London. Dexters maintained a profit margin of 21%, unchanged from the previous year.
Lettings revenue increased by 9% to £161m, accounting for 65% of total income, while residential sales revenue rose 17% to £80m. Other income remained steady at £6m.
Dexters, which has the ambition to double its revenue over the next five years, with six new offices in the pipeline over the current financial year, attributed its performance to continued investment in staff and expansion across London.
The company operates an in-house training programme, the Dexters Academy, established in 2017. Since then, 587 employees have completed industry apprenticeship qualifications and professional development programmes, with a further 300 currently enrolled.
The group said 90% of its managers began their careers as trainees within the business. During 2024–25, the number of full-time employees increased to 2,414, up from 2,189 the previous year. More than 400 staff hold Propertymark qualifications and 115 are members of the Royal Institution of Chartered Surveyors.
The company opened new offices during the financial year in Canada Water, Greenwich, Kennington, Queen’s Park and Surbiton, bringing its total to 176 branches across London.
Dexters said it arranged up to 60,000 viewings per month and completed more than 30,000 sales and lettings transactions over the year. Lettings and sales activity continued to reflect sustained demand for homes across the capital.
Founded in 1993, the business is now led by new chief executive Ash Kashyap and chaired by Justin King. The group currently operates 176 offices across the capital.
Ash Kashyap, CEO of Dexters, commented: “In the face of a challenging macro environment, DEXTERS has once again continued to perform and thrive due to our investing in London’s local high streets, expansion of our unrivalled office network and commitment to career development with a focus on customer service. This has resulted in continued success and provided colleagues with unrivalled opportunities for promotion and career development.”
“Our organic growth in prime central London sales and lettings for the 2024-25 financial year was 11%. We have maintained our strong market presence in north and west London with significant opportunities for further expansion within the M25. Whilst DEXTERS is predominantly focused on local markets, we are becoming a globally recognised brand with significant enquiries coming to our corporate and international relocation specialist team.”
Kashyap added: “Dexters continues to be committed to and confident in the long-term future of the UK capital. London remains a highly desirable place to live, study and work, attracting both domestic and international buyers as well as tenants who choose to make the city their home.”