**Summary of Mortgage Advice Bureau (Holdings) PLC Interim Results for H1 2025**
Mortgage Advice Bureau (Holdings) PLC (AIM: MAB1) reported strong interim results for the six months ended 30 June 2025, highlighting significant growth and strategic progress. Key financial and operational highlights include
### **Financial Performance**
**Revenue Growth**Revenue increased by 19.6% to £148.2 million (H1 2024: £123.9 million), significantly outpacing the UK mortgage lending markets 6% growth.
**Profitability**Adjusted profit before tax (PBT) rose by 18.4% to £14.5 million (H1 2024: £12.3 million), with adjusted diluted earnings per share (EPS) up 22.9% to 18.2p (H1 2024: 14.8p).
**Market Share**Market share of new mortgage lending increased to 8.3% (H1 2024: 8.2%), and product transfers rose to 3.0% (H1 2024: 2.7%).
**Adviser Network**The number of mainstream advisers grew by 5.2% to 2,041 (H1 2024: 1,941), with revenue per adviser up 14.2% to £74.6k (H1 2024: £65.3k).
**Dividend**A proposed interim dividend of 7.2p per share, in line with the new capital allocation framework.
### **Strategic Highlights**
**M&A Activity**Completed several strategic acquisitions, including majority ownership of Heron Financial, Evolve, and Meridian, and investments in The Mortgage Mum and Lucra. These moves expanded regional presence and strengthened adviser capabilities.
**Technology and Innovation**Continued investment in in-house technology and AI-driven innovation to enhance lead generation, conversion rates, and operational efficiency.
**Main Market Transition**Plans to move to the Main Market of the London Stock Exchange in 2026 to broaden the investor base and enhance market profile.
**Sustainability**Progress on net zero initiatives, including a decarbonisation strategy and installation of solar PV systems.
### **Market Environment**
**Mortgage Lending**New mortgage lending increased by 22% to £134 billion in H1 2025, driven by a 35% rise in the purchase segment. Refinancing activity remained subdued but is expected to strengthen in H2 2025.
**Regulatory Updates**Welcomed FCAs Mortgage Rule Review, which simplifies lending rules and enhances borrower flexibility, creating a supportive environment for growth.
### **Outlook**
**Trading Momentum**Strong performance continued beyond the period end, with mortgage applications in July and August up 17% year-on-year.
**Future Growth**Focus on organic growth through technology, data, and AI, complemented by strategic M&A. The Group remains on track to meet its medium-term goals and deliver sustainable shareholder returns.
### **Leadership and Governance**
**Appointments**Yaiza Luengo appointed as Chief Operating Officer, and Ben Thompson transitioned to a strategic role. Non-executive board strengthened with appointments of Mandy Donald and Dr Orlando Machado.
Overall, MAB demonstrated robust financial performance, strategic execution, and a clear vision for future growth, positioning itself as a leader in the evolving UK mortgage market.