5th Aug 2026 14:19
(Alliance News) - Property Franchise Group PLC on Wednesday reported a solid revenue rise for the first half while net debt came down, as it noted that the lettings market benefits from structural demand.
The Bournemouth, England-based property franchisor said revenue rose 7.4% to GBP43.3 million in the first half of 2026, from GBP40.3 million a year prior.
Franchising revenue improved 8.1% to GBP24.0 million from GBP22.2 million.
Licensing revenue remained stable at GBP6.3 million.
Financial services revenue climbed 10% to GBP13.0 million from GBP11.8 million; however, the firm noted that it was down 3% on a like-for-like basis.
Net debt as at June 30 stood at GBP8.2 million, down 25% from GBP10.9 million a year prior.
Property Franchise said: "The lettings market continues to benefit from structural demand and an increasingly supportive regulatory environment for professional agents. The sales market remains challenging, influenced by subdued consumer confidence and the outlook for interest rates. More broadly, ongoing geopolitical tensions and domestic political uncertainty continue to weigh on consumer confidence and the wider economic outlook.
Against this backdrop, the group's diversified business model and growing recurring revenue base provide resilience and have enabled the Group to increase revenue despite lower sales transaction volumes."
Looking ahead, the company expects trading for 2026 to be in line with market expectations.
Chief Executive Officer Gareth Samples said: "I'm pleased we have delivered another robust performance, achieving a record first half despite a more subdued sales market. We maintained our managed lettings portfolio at 149,000 properties whilst supporting our network through the implementation of the Renters' Rights Act, and successfully delivered a number of important initiatives across the group.
"The additions of SAFS and Meridian, together with the rollout of our first AI-enabled products, further strengthen our platform. Whilst the external environment remains uncertain, our diversified income streams and growing recurring revenue base give us confidence in delivering our plans for the full year."
The company will release half-year results on September 9.
Property Franchise shares rose 2.3% to 452.75 pence each on Wednesday afternoon in London.
By Tom Budszus, Alliance News slot editor
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