M Winkworth Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 results were broadly in line with expectations, with strong lettings growth and resilient sales despite market headwinds. Reported profits were impacted by exceptional legal costs, but cash generation and dividends remained robust. Network expansion and digital investment continue to drive future growth.
Fiscal Year 2025
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Network revenue grew 6% year-over-year, with record lettings and strong sales, but profit before tax fell 11% due to higher costs and one-off investments. The business remains debt-free, increased its dividend by 7%, and continues to invest in digital and franchise expansion.
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H1 2025 saw network revenue rise 15% to £32m, driven by strong sales growth, while profit before tax fell 19% due to increased investment and one-off costs. The group expanded its franchise network, maintained a progressive dividend, and continues to focus on digital and talent investment.
Fiscal Year 2024
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Achieved double-digit revenue and profit growth, with record lettings and strong sales driving a shift toward sales-led revenue. Expanded market share in London, opened new offices, and maintained a progressive dividend policy while investing in talent and digital platforms.
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H1 2024 delivered strong revenue and profit growth, with record lettings and robust sales, supported by new office openings and franchise resales. The business remains well-balanced and cash-rich, with continued investment in talent and digital transformation.