Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
LSL Property Services maintains guidance as trading improves
(Sharecast News) - LSL Property Services reported higher first-half revenue and profit on Wednesday, as it said trading had improved as expected in the second half, with full-year guidance unchanged and mortgage market activity starting to pick up. The estate agency, surveying and financial services group posted revenue of £89.7m for the six months ended 30 June, up 5% year on year, while underlying operating profit rose 3% to £14.8m and operating margin held at 17%, its highest level in 15 years.
Profit before tax fell 18% to £11.3m, reflecting £1.8m of exceptional costs, while adjusted operating cash flow dropped to £7.4m from £11.7m.
The group declared an interim dividend of 4p per share, unchanged on last year.
LSL said it had maintained strong market share across its three divisions while investing in technology, including rolling out a new CRM system in financial services and moving towards commercialising automated valuation models in surveying.
It added three new estate agency franchise branches and supported three lettings book acquisitions by franchisees, renewed a major lender contract, and saw 43% growth in B2C revenue within its surveying arm.
"We made positive progress in the first half of 2025, delivering revenue and profit growth, while maintaining operating margin at its highest level for 15 years," said chief executive Adam Castleton.
"We delivered structurally higher ROCE of over 30%, well above historical levels.
"LSL is a well positioned business, as our three divisions add value at all key points in the UK's property and mortgage lending ecosystem.
"With 2025 on track, we are looking ahead with renewed ambition and confidence about our future."
The group said July was the strongest refinancing month of the year so far, wih mortgage pipelines running above historic norms, underpinning expectations of higher refinancing activity through the rest of 2025.
It said it expected to deliver a further increase in underlying profit for the full year in line with market expectations.
At 0938 BST, shares in LSL Property Services were down 1.02% at 292p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
