The Property Franchise Group (TPFG), the UK’s largest multi-brand property franchisor, has reported record interim results with revenue surging 50% to £40.3m in the six months to 30 June 2025.
The company, which completed the acquisitions of Belvoir Group and GPEA last year, said adjusted profit before tax rose 59% to £14.5m, while adjusted EBITDA climbed 63% to £15.7m.
On a pro-forma basis, stripping out the impact of acquisitions, revenue rose 8% and profit before tax 18%.
Franchising revenue increased by 20% to £21.8m, financial services revenue grew 59% to £12.2m and licensing revenue expanded more than fivefold to £6.3m.
DIVIDEND INCREASED
Almost half of group revenues (47%) are now recurring. Cash generated from operations rose sharply to £13.2m from £3.7m a year earlier, allowing the board to increase the interim dividend by 17% to 7.0p per share.
Operational highlights included the launch of TPFG’s new Privilege programme, designed to enhance its lettings proposition and progress on the deployment of artificial intelligence to improve call handling, property management and digital marketing.
The financial services division delivered 12,800 mortgages, up from 12,000 in the same period last year, while the group’s sales agreed pipeline grew to £43.5m.
COST AND REVENUE SYNERGIES
Chief executive Gareth Samples (main picture, inset) said: “This has been another record six months for the Group, driven by the successful integration of recent acquisitions and the enduring strength of our franchise model.
“The enlarged Group is delivering both cost and revenue synergies, while generating strong cash flows which support our progressive dividend policy.”
And he added: “Our increased scale and reach provides multiple growth levers: further expanding our three divisions, launching market-leading initiatives such as the Privilege programme, and advancing our AI and technology opportunities.”
The group said trading remains robust in the second half and that it expects to deliver full-year performance in line with market expectations.
