Foxtons Group

Foxtons Group expects an adjusted operating profit of around £8.5m for the first half of 2026, down from £12.3m a year earlier, and has therefore cut its forecast. The company cites a subdued sales market due to ongoing political uncertainty and a challenging macroeconomic environment. The announcement sent the shares tumbling about 15% and made them the biggest loser in the FTSE Smallcap. » Mere på de.investing.com

Foxtons reports a 5% increase in revenue for 2025 to £172.5m and adjusted EBITDA of £25.3m (+5%). The rental business drove growth with revenue of £111.0m (+5%), a contribution of £82.9m and adjusted operating profit of £29.8m (+9%), while the sales segment recorded an adjusted operating loss of £5.7m. Net free cash flow rose 14% to £11.2m; the company sees the upcoming Renters’ Rights Act (May 2026) as an opportunity for market share gains and further consolidation. » Mere på de.investing.com

Foxtons reports total revenue for 2025 of around £172m and an adjusted operating profit of about £22m. The company expects revenue and profit growth in 2026, although the transaction pipeline in the sales business is weaker at the start of the year and first-quarter revenues are likely to be below the prior year. Foxtons expects the lettings business to remain robust over the year and to partly offset the weakness in the sales segment; the company also announced an undisclosed acquisition. » Mere på de.investing.com

Foxtons said that at the annual general meeting on 7 May 2025 several motions met with significant opposition and two central special resolutions to exclude pre-emption rights (resolutions 15 and 16) failed. Resolution 13 (political donations) received 75.40% support, resolution 14 (authority to issue ordinary shares) 67.50%, while resolutions 15 and 16 fell short of the majority required for special resolutions with 67.43% and 67.35% respectively. Foxtons said the votes against reflected more the voting policies of large shareholders; the company is in talks with major shareholders and will revise its corporate governance policies ahead of the next AGM. » Mere på de.investing.com

Foxtons said buyers are holding off ahead of the delayed autumn budget and that slower-than-expected Bank of England rate cuts are weighing on mortgage costs, leaving sales likely to remain subdued for the rest of the year. The company warned fourth-quarter sales revenues may fall below expectations after Q3 sales revenue dropped 7% to £12.5m, while lettings revenue rose 5% to £33.4m and overall Q3 revenue reached £49m. Foxtons highlighted lettings and recent regional acquisitions as offsets and expects demand to recover once budget clarity is provided. » Mere på theguardian.com