**Summary**
Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to ยฃ172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams.
Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies.
Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond.
**Key Financial Highlights**
Revenueยฃ172.5 million (+5%)
Adjusted EBITDAยฃ25.3 million (+5%)
Adjusted Operating Profitยฃ22.2 million (flat)
Profit Before Taxยฃ16.9 million (-3%)
Net Free Cash Flowยฃ11.2 million (+14%)
Total Dividend per Share1.17p (maintained)
**Strategic Focus**
Lettings organic growth and acquisitions
Sales market share and profitability improvement
Financial services scale and cross-sell growth
Operational efficiency and cost control
Technology and data-driven enhancements
Brand strengthening and customer experience improvement
**Outlook**
Lettings expected to remain resilient with growth opportunities from the Renters Rights Act.
Sales market remains challenging, with a focus on repositioning for lower volumes and profitability.
Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
**Key Observations:** 1. **Revenue Growth:** Revenue increased by 5% from ยฃ163.9m in 2024 to ยฃ172.5m in 2025, driven by growth in lettings, sales, and financial services.
2. **Adjusted EBITDA:** Adjusted EBITDA also grew by 5% from ยฃ24.1m to ยฃ25.3m, indicating improved operational efficiency.
3. **Profit Before Tax:** Profit before tax decreased by 3% from ยฃ17.5m to ยฃ16.9m, possibly due to increased costs or one-time expenses.
4. **Earnings Per Share:** Both adjusted and basic earnings per share decreased, reflecting the impact of increased costs and potentially higher shares outstanding.
5. **Net Free Cash Flow:** Net free cash flow increased by 14% from ยฃ9.8m to ยฃ11.2m, indicating better cash generation.
6. **Net Debt:** Net debt increased significantly by 33% from ยฃ12.7m to ยฃ16.9m, likely due to acquisition activities and shareholder returns. This table provides a clear comparison of key financial metrics and debt levels between 2024 and 2025, highlighting areas of growth and potential concerns.