Property Franchise Group set to meet full-year profit forecasts

(Sharecast News) - The Property Franchise Group said in an update on Thursday that full-year profit was expected to meet market forecasts after strong second-half trading, as the UK's largest multi-brand property franchisor continued to benefit from scale, diversified income streams and rising demand for its lettings initiatives. It reported revenue growth of 11% year-on-year in the four months to 31 October, supported by solid mortgage and sales transactions and progress on strategic projects, including its 'Privilege' programme, designed to bolster franchisees' lettings operations.

Adjusted profit before tax for 2025 was expected to be at least in line with consensus expectations of £30m.

Chief executive Gareth Samples said the company was successfully exploiting opportunities created by its larger platform.

"We are continuing to leverage the enlarged scale of the group to capitalise upon additional income opportunities and provide increased value to our franchisees and members," he said.

"The uptake of our Privilege programme has been pleasing and is delivering tangible benefits, mitigating the impact of the Renters Rights Bill."

The AIM-traded firm said the Renters Rights Bill, which comes into force on 1 May next year, had heightened focus on landlord protections and compliance.

TPFG said the legislation underscored the importance of its Privilege programme, which aimed to safeguard franchisees and landlords while generating an additional income stream.

It added that the government's recently-announced property tax increases for landlords were likely to push rents higher as costs were passed on to tenants.

The company also secured a new lending facility with Barclays during the period, which it said would give franchisees cheaper and more flexible access to capital for acquisitions and refinancing.

TPFG said its franchising model and revenue diversification continued to insulate the business from housing market volatility, providing a platform for further growth in 2026.

The group also confirmed that Dean Fielding stepped down from the board at the end of November, as previously announced.

At 1522 GMT, shares in the Property Franchise Group were up 4.65% at 527.45p.

Reporting by Josh White for Sharecast.com.