**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 19.6% to ยฃ318.8 million in 2025, up from ยฃ266.5 million in 2024, driven by strong performance across all income streams.
**Adjusted Diluted EPS** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024.
**Market Share Stability** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024.
**Adviser Network Growth** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network.
**Revenue per Adviser** Revenue per mainstream adviser grew by 13% to ยฃ157,000, reflecting improved productivity and efficiency.
**Net Debt Reduction** Net debt decreased to ยฃ3.3 million from ยฃ9.7 million in 2024, with leverage reducing to 0.1x from 0.3x.
**Operational and Strategic Achievements**
**Technology and AI Integration** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention.
**Proprietary Platform** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service.
**Strategic Partnerships and M&A** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition.
**Sustainability Progress** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi).
**Market Trends and Outlook**
**Mortgage Lending Stability** UK mortgage lending increased by 19% to ยฃ548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages.
**Purchase Lending Growth** Purchase lending grew by 21% to ยฃ189 billion, supported by strong lender appetite and a resilient underlying demand.
**Refinancing Opportunities** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences.
**Protection Market Focus** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams.
**Leadership and Governance**
**Main Market Listing** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval.
**Dividend Policy** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year.
**Conclusion**
Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
Here is the HTML table code comparing the financials and debt year on year for Mortgage Advice Bureau (Holdings) PLC:
**Key Observations:** - Revenue increased by 19.6% from ยฃ266.5m in 2024 to ยฃ318.8m in 2025.
- Gross profit increased by 19.5% from ยฃ77.0m in 2024 to ยฃ91.9m in 2025.
- Admin expenses increased by 23.3% from ยฃ45.6m in 2024 to ยฃ56.2m in 2025.
- Adjusted PBT increased by 13.3% from ยฃ32.0m in 2024 to ยฃ36.3m in 2025.
- Statutory PBT decreased by 3.4% from ยฃ22.9m in 2024 to ยฃ22.1m in 2025.
- Adjusted diluted EPS increased by 13.5% from 39.2p in 2024 to 44.5p in 2025.
- Net debt decreased by ยฃ6.4m from -ยฃ9.7m in 2024 to -ยฃ3.3m in 2025.
- Leverage decreased from 0.3x in 2024 to 0.1x in 2025. This table provides a concise comparison of key financial metrics and debt levels for Mortgage Advice Bureau (Holdings) PLC between 2024 and 2025.