Business
Final Results
Mortgage Advice Bureau (Holdings) PLC reported a strong financial performance for the year ended 31 December 2025, with revenue increasing by 19.6% to £318.8 million, driven by a 23% rise in total mortgage completions to £32.0 billion. Adjusted diluted earnings per share grew by 13.5% to 44.5p, while the number of mainstream advisers increased by 10% to 2,135. The company maintained its market share of new mortgage lending at 8.4% and saw an increase in product transfer market share to 3.0%. The Group has started 2026 with good momentum and is trading in line with board expectations, with plans to move to the Main Market of the London Stock Exchange in Q2 2026. Disclaimer*
About this update from Mortgage Advice Bureau (holdings) Plc
[{"type":"text","content":"\n\n17 March 2026\nMortgage Advice Bureau (Holdings) plc\n(\"MAB\" or the \"Group\")\n \nFinal Results for the year ended 31 December 2025\nMortgage Advice Bureau (Holdings) plc (AIM: MAB1), a leading technology-driven UK property finance service, is pleased to announce its final results for the year ended 31 December 2025.\nFinancial summary\n\n\n\n\n\n\n\n2025\n\n\n2024\n\n\nChange\n\n\n\n\nRevenue\n\n\n£318.8m\n\n\n£266.5m\n\n\n+19.6%\n\n\n\n\nGross profit / Margin\n\n\n£91.9m /28.8%\n\n\n£77.0m /28.9% #\n\n\n+19.5%/-0.1pp\n\n\n\n\nAdmin expenses / Admin expenses ratio*\n\n\n£56.2m / 17.6%\n\n\n£45.6 / 17.1% #\n \n\n\n+23.3% / +0.5pp\n\n\n\n\nAdjusted PBT* / Adjusted PBT Margin*\n\n\n£36.3m / 11.4%\n\n\n£32.0m / 12.0%\n\n\n+13.3%/-0.6pp\n\n\n\n\nStatutory PBT / Statutory PBT Margin\n\n\n£22.1m/6.9%\n\n\n£22.9m/8.6%\n\n\n-3.4%/-1.7pp\n\n\n\n\nAdjusted diluted EPS*\n\n\n44.5p\n\n\n39.2p\n\n\n+13.5%/+5.3p\n\n\n\n\nBasic EPS\n\n\n26.0p\n\n\n27.6p\n\n\n-5.8%/-1.6p\n\n\n\n\nAdjusted cash conversion*\n\n\n121%\n\n\n120%\n\n\n+1pp\n\n\n\n\nNet debt* / Leverage*\n\n\n(£3.3m)/0.1x\n\n\n(£9.7m)/0.3x\n\n\n+£6.4m/-0.2x\n\n\n\n\nProposed final dividend\n\n\n15.3p\n\n\n14.8p\n\n\n +3.4%/+0.5p\n\n\n\n\n \nPerformance highlights\n· Revenue up 19.6% to £318.8m (2024: £266.5m)\n· Adjusted diluted EPS up 13.5% to 44.5p (2024: 39.2p)\n· Market share of new mortgage lending[1] stable at 8.4% (2024: 8.4%) and market share of Product Transfers up to 3.0% (2024: 2.7%).\n· Closing mainstream advisers[2] up 10% to 2,135 (2024: 1,941).\n· Revenue per mainstream adviser2 up 13% to £157k (2024: £139k)\n· 2026 has started with good momentum, and the Group continues to trade in line with the Board's expectations\n\n\nPeter Brodnicki, Founder and Chief Executive, commented:\n\"2025 was another year of strong performance for MAB, keeping us firmly on track to deliver our five-year growth plan.\nIn my view, MAB has become uniquely positioned in the intermediary and mortgage sectors as a result of executing a very deliberate strategy to build a specialist network with customer acquisition at the heart of the model.\nBecause we've continued investing through all economic cycles, MAB's customer reach now extends across estate...