The Property Franchise Group (TPFG) reported record results for the first half of 2025, with revenue up 50% to £40.3m for the six months to 30th June.
On a proforma basis, revenue rose by 8% to £37.2m compared to last year.
Franchising revenue increased by 20% to £21.8m, financial services grew by 59% to £12.2m, and licensing revenue was up by 514% to £6.3m.
47% of its income was recurring, with adjusted EBITDA up by 63% to £15.7m and adjusted profit before tax rising by 59% to £14.5m.
Basic earnings per share increased by 18% to 18.3p, while net debt fell to £10.9m from £14.3m.
Cash generated from operations was £13.2m, up from £3.7m.
The interim dividend is up by 17% to 7.0p.
The group launched its Privilege programme to support lettings and made headway in artificial intelligence (AI), with launches planned in the second half for call handling, property management, and digital marketing.
TPFG managed around 150,000 properties, down from 153,000 last year.
The sales agreed pipeline rose by 30% to £43.5m and the financial services team completed 12,800 mortgages.
There were 1,035 licensees, compared to 1,043 last year, and TPFG realised £1m in acquisition synergies.
TPFG said trading stayed robust into the second half and that its franchise model and diverse revenue streams continued to give protection against market shifts.
The company expects to hit full-year targets.
Gareth Samples, CEO at The Property Franchise Group, 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.
“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.”
Samples added: “I would like to thank our franchisees, licensees, advisers, and colleagues across the Group for their continued hard work and commitment.
“We enter the second half with strong momentum and remain confident of delivering further growth throughout H2 and beyond.”
