London · Delayed Price · Currency is GBP · Price in GBX Foxtons Group Earnings Call Transcripts
Fiscal Year 2025
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Revenue and EBITDA grew 5% year-over-year, led by lettings and acquisitions, despite a flat operating profit due to cost pressures and a volatile sales market. The Renters' Rights Act and recent acquisitions are expected to drive further growth in 2026, with a continued focus on cost discipline and operational efficiency.
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Revenue grew 10% and adjusted operating profit rose 31% in H1, led by lettings and strong Q1 sales. Market share gains, cost savings, and tech investments underpin growth, while sales face headwinds from high borrowing costs.
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A new medium-term plan targets £50 million AOP, driven by recurring lettings and financial services, aggressive M&A, and technology-led operational excellence. Expansion into commuter belts, a focus on people and culture, and robust capital allocation underpin ambitions to double profitability again.
Fiscal Year 2024
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Revenue grew 11% and adjusted operating profit rose 38% in 2024, driven by market share gains, strategic acquisitions, and operational upgrades. Lettings delivered record revenues and strong ROI, while sales and financial services showed significant improvement. Outlook remains positive with robust pipelines and further growth expected.
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Revenue grew 11% and adjusted operating profit rose 24% year-over-year, driven by market share gains in both sales and lettings, operational improvements, and successful integration of acquisitions. The outlook remains positive, with robust pipelines and continued investment in technology and data.