**Foxtons Group PLC Q3 2025 Trading Update Summary:**
Foxtons Group PLC reported year-on-year revenue growth in Q3 2025, with a 3% increase to ยฃ49.0 million, and a 7% rise year-to-date to ยฃ135.1 million. This growth was primarily driven by the resilience of the Lettings division, which saw a 5% increase in Q3 revenue to ยฃ33.4 million, offsetting a weaker Sales market. Non-cyclical and recurring revenues accounted for 71% of total Group revenue, mitigating the impact of reduced consumer confidence and uncertainty surrounding the delayed Autumn Budget.
**Key Highlights**
1. **Lettings Performance** Q3 Lettings revenue grew by 5% to ยฃ33.4 million, supported by operational improvements, portfolio retention, and rental price growth. Year-to-date revenue increased by 5% to ยฃ88.0 million.
2. **Sales Decline** Q3 Sales revenue decreased by 7% to ยฃ12.5 million due to lower market transactions, slower buyer activity in London, and uncertainty around the delayed Autumn Budget. Year-to-date revenue, however, rose by 12% to ยฃ39.4 million, boosted by a strong Q1 performance.
3. **Financial Services Growth** Q3 Financial Services revenue surged by 37% to ยฃ3.1 million, driven by increased refinance revenue. Year-to-date revenue grew by 12% to ยฃ7.7 million.
4. **Strategic Initiatives** Foxtons is well-positioned to support landlords through the Renters Rights Bill regulatory changes and launched the Getting It Done. Together people initiative to foster a positive company culture.
5. **Share Buyback and Cost Optimisation** The Group initiated a ยฃ3 million share buyback program, purchasing 7.7 million shares year-to-date. A head office relocation is expected to deliver cost savings from January 2026.
6. **Outlook** Lettings is expected to remain stable, while Sales may stay subdued due to market uncertainty. Full-year adjusted operating profit is projected at ยฃ21.5 million to ยฃ23.2 million, with medium-term growth prospects supported by a focus on Lettings and potential sales market recovery.
**CEO Comment**
Guy Gittins emphasized the Groups strategic focus on Lettings, which continues to drive growth, and expressed confidence in medium-term prospects despite current sales market challenges. He highlighted pent-up demand in the London market and anticipated improved conditions post-Autumn Budget.
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