17th Mar 2026 09:45
(Alliance News) - Mortgage Advice Bureau Holdings PLC on Tuesday said trading this year is in line with expectations as it reported mixed results for 2025, with lower profit despite a healthy rise in sales.
The Derby, England-based mortgage broker said pretax profit fell 3.4% to GBP22.1 million in 2025 from GBP22.9 million the year prior.
Adjusted pretax profit rose 13% to GBP36.3 million in from GBP32.0 million the year prior at a margin of 11.4%, down from 12.0% on-year.
Revenue jumped 20% to GBP318.8 million in 2025 from GBP266.5 million the year before.
Refinancing lending accelerated in the second half as a higher volume of fixed-rate mortgages reached maturity, the firm said. Remortgage lending increased by 17%, while Product Transfers rose by 18%.
Purchase lending totalled GBP189 billion in 2025, an increase of 21% compared with 2024, with activity front-loaded in the first half of the year.
Basic earnings per share fell 5.8% to 26.0 pence from 27.6p. Adjusted diluted EPS rose 14% to 44.5p from 39.2p.
The firm said market share of new mortgage lending was stable at 8.4%, with market share of product transfers up to 3.0% from 2.7%.
Revenue per mainstream adviser increased 13% to GBP157,000 from GBP139,000, with the number of advisers up 10% to 2,135 from 1,941 on-year.
"2025 was another year of strong performance for MAB, keeping us firmly on track to deliver our five-year growth plan," said Chief Executive Peter Brodnicki.
A final dividend of 15.3p per share was declared, up from 14.8p a year ago. This takes the total dividend to 22.5p, down 20% from 28.2p a year ago. This reflects a policy to pay a dividend equivalent to 50% of adjusted post-tax profit.
"The board intends to adopt a progressive dividend policy going forward," the company said.
Mortgage Advice Bureau Holdings said 2026 has started with good momentum, and the group continues to trade in line with expectations.
Mortgage applications in the first quarter of 2026 to date have increased by 13% year-on-year, and refinancing volumes are expected to continue building through the remainder of 2026, the firm said.
The events in the Middle East have introduced "new uncertainty", the firm added, with a "sharp increase in written volumes, potentially reflecting customers seeking to lock in rates."
Shares in Mortgage Advice Bureau Holdings rose 1.5% to 550.00 pence each in London on Tuesday.
In addition, the company said that subject to Financial Conduct Authority approval, it expects to complete the move to the Main Market of the London Stock Exchange in the second quarter of 2026.
The intention to move was announced in January.
By Jeremy Cutler, Alliance News reporter
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