Savills increased its underlying pre-tax profit by 47% during the first half of 2026 as revenue grew across every part of the global property group.
Underlying profit before tax reached £34.3m during the six months to 30 June, up from £23.3m in the corresponding period of 2025.
Group revenue increased by 9% to £1.23bn, while underlying basic earnings per share rose by 53% to 17.9p.
However, reported pre-tax profit fell by 56% from £15.8m to £7m, reflecting one-off costs connected with the acquisition of Eastdil Secured Holdings.
TRANSACTIONAL REVENUE RISES
Revenue from Savills’ transactional businesses increased by 14%, accompanied by a significant reduction in first-half losses compared with the previous year.
The improvement was supported by a strong performance from its Commercial Transaction Advisory business.
Revenue from its less transactional operations, including consultancy and property management, rose by 6%. Underlying pre-tax profit from these activities increased by 27% as the benefits of previous restructuring measures fed through.
Savills completed its acquisition of Eastdil Secured on 31 July, after the end of the reporting period.
DIVIDEND INCREASED
The Board declared an interim dividend of 7.8p per share, up 5% from 7.4p last year.
Savills recorded net debt of £42.7m at the end of the period, compared with £16.5m a year earlier.
Its Board maintained its expectations for the enlarged group for 2026, citing strong transactional pipelines and continued resilience across its less transactional businesses.
However, Savills warned that macroeconomic volatility and the recent change in the UK political landscape made the timing of transactional revenue difficult to predict.
SIGNIFICANT IMPROVEMENT
Simon Shaw (main picture), Group Chief Executive of Savills, says: “I am delighted with the significant improvement in Savills performance, and for this, I thank our people for their focus on delivering sound advice and rigorous execution, and our clients for their trust. I am also delighted to welcome our new colleagues at Eastdil Secured Savills who joined us this month.
“Looking forward, the enlarged Group’s pipelines are strong, and although transaction timelines are hard to predict in the current environment, I am confident that we are well positioned to deliver value to our clients, colleagues and shareholders.”
