Panther Securities PLC reported its final results for the year ended 31 December 2025, highlighting a profit after tax of £4,253,000, down from £6,687,000 in 2024, primarily due to a decrease in the valuation of its swap position. The company experienced a revaluation gain on investment properties of £3,209,000, up from £1,300,000 in 2024. Rents receivable increased to £14,850,000 from £14,657,000, supported by strategic refurbishments and lease renewals. Interest costs decreased by approximately £500,000 due to de-gearing and lower loan margins. Bad debts reduced to £261,000 from £526,000. Property values increased by £3,209,000, and the derivative financial assets decreased in value by £1,075,000. The company sold its Wolverhampton site for £2,500,000 and purchased a property in Southampton for £253,000. Net asset value per share increased to 672p from 669p. The company declared a final dividend of 6p per share, with a total dividend for the year of 22p per share. Post-year events included share purchases, derivative restructuring, loan repayments, property disposals, and the retirement of two Non-Executive Directors. The company remains focused on maximizing shareholder returns through diversified investments, active management, and prudent financial strategies.
| Financial Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Profit After Tax (£'000) | 6,687 | 4,253 | (2,434) |
| Rents Receivable (£'000) | 14,657 | 14,850 | 193 |
| Interest Costs (£'000) | 5,722 | 4,674 | (1,048) |
| Bad Debts (£'000) | 526 | 261 | (265) |
| Property Revaluation Gain (£'000) | 1,300 | 3,209 | 1,909 |
| Derivative Value (£'000) | 5,770 | 4,695 | (1,075) |
| Loan to Value (%) | 38% | 35% | (3%) |
| Net Asset Value per Share (pence) | 669 | 672 | 3 |
| Dividend per Share (pence) | 12.0 | 22.0 | 10.0 |