LONDON: Foxtons Group plc (LSE: FOXT) reported robust interim results for the first half of 2025, underlining continued momentum in its multi-year growth strategy. Revenues rose by 10% year-on-year to £86.1m, while adjusted operating profit surged 31% to £12.3m. Profit before tax climbed 35%, reaching £10.2m.
The Group benefited from resilient performance across its core lettings portfolio and solid traction in sales, which gained from elevated market activity ahead of the first-quarter stamp duty deadline. Lettings revenues advanced 4%, aided by recent acquisitions and increased uptake in value-add services, while sales revenues jumped 25%.
Chief executive Guy Gittins said the company’s scalable strategy and upgraded operating platform remain central to future growth. “Lettings continues to deliver reliable, recurring income streams. Sales recovered on the back of strong market share across our core geographies.”
Foxtons reiterated its medium-term ambition to more than double operating profits to £50m, a target shared during its June Capital Markets Event. Strategic acquisitions and cost optimisation, including lease exits and platform efficiencies, are expected to support margin expansion.
While the second-half outlook in sales remains tempered by elevated borrowing costs and macroeconomic uncertainty, lettings momentum is expected to continue, fuelled by seasonal demand and inflation-linked rental growth.
The interim dividend was lifted 9% to 0.24p per share, reflecting management’s confidence in the earnings trajectory.