**Summary**
M Winkworth Plc, a leading franchisor of real estate agencies, reported its audited results for the year ended 31 December 2025. Key highlights include
**Financial Performance** Revenue remained flat at £10.74 million compared to £10.79 million in 2024. Profit before taxation decreased by 11% to £2.11 million. Despite this, the company maintained a strong balance sheet with £3.90 million in cash and no debt.
**Dividends** Full-year dividends increased by 7% to 13.2p per ordinary share.
**Network Growth** Four new offices were opened, and seven franchises were resold to new operators. Franchised office network revenue grew by 6% to £68.7 million.
**Operational Highlights** The company restructured its New Homes and Development business and completed a major redesign of its accounting processes, moving to cloud accounting and greater digitalisation.
**Strategic Expansion** Winkworth integrated Peter Clarke Estate Agents operations with its Leamington Spa franchisee, enhancing its presence in sought-after areas like the Cotswolds.
**Outlook** The company anticipates a resilient start to 2026, with early trading showing stability in sales and lettings. However, geopolitical tensions and economic uncertainties remain significant factors.
**Corporate Governance** The Annual General Meeting is scheduled for 21 May 2026, and the company is transitioning to electronic communications for shareholder documents.
Overall, M Winkworth Plc demonstrated resilience in a challenging market, focusing on network growth, operational efficiency, and strategic expansion while maintaining a strong financial position.