Slide 1: Full Year Results Presentation
FOXTONS GROUP PLC FULL YEAR RESULTS PRESENTATION For the year ended 31 December 2025 5 March 2026
Slide 2: Important information
Important information This presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believe”, “estimates”, “plans”, “projects”, “anticipates”, “e
Slide 3: Agenda
AGENDA 01 2025 highlights 02 Market and Renters’ Rights Act update 03 Financial review 04 Operational update 05 Outlook Foxtons Group plc FY2025 Results Presentation 3
Slide 4: 2025 Highlights
01 2025 HIGHLIGHTS Guy Gittins, Chief Executive Officer Foxtons Group plc FY2025 Results Presentation 4
Slide 5: Highlights: Strategy drives resilient performance despite a challenging environment
Highlights Strategy drives resilient performance despite a challenging environment. 1 5% Revenue growth, 5% adjusted EBITDA growth and flat adjusted operating profit. Resilient business: Stable lettings portfolio underpins earnings. 67% of revenue generated from non-cyclical 2 and recurring activiti
Slide 6: Highlights: Building on track record, with runway for growth
Highlights Building on track record, with runway for growth over the medium-term. (1) Revenue Adjusted operating profit (£m) (£m) 8% 23% CAGR CAGR 172.5 22.1 22.2 163.9 140.3 147.1 126.5 15.1 16.0 9.8 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 1) 2021-2023 have been aligned with the Group’s a
Slide 7: Market and Renters' Rights Act update
02 MARKET AND RENTERS’ RIGHTS ACT UPDATE Guy Gittins, Chief Executive Officer Foxtons Group plc FY2025 Results Presentation 7
Slide 8: Lettings market update
Lettings market update Predictable, highly resilient market. Renters per property and average rental price • London lettings market resilient in 2025. 40 £574 £579 £579 £600 Indexed property supply and tenant demand (2021 = 100) £529 • Slowdown in supply ahead of the Autumn Budget, but supply 35 7%
Slide 9: Renters' Rights Act update: Key legislative changes
Renters’ Rights Act update Key legislative changes. Key provisions of the Renters’ Rights Act (RRA) will come into effect from 1 May 2026. • Applies to England only. Scotland has already introduced similar legislation. Key changes: • Abolition of fixed term tenancies. All former assured shorthold te
Slide 10: Renters' Rights Act update: Legislation creates growth opportunities for Foxtons
Renters’ Rights Act update Legislation creates growth opportunities for Foxtons. Market dynamics in London and South East England Opportunities for Foxtons 1. Acquisition opportunities as regulation disproportionately impacts independent agents due to complexity, accelerating sector consolidation. D
Slide 11: Sales market update
Sales market update Volatile sales market in 2025. Quarterly market exchange volumes • 2025 exchange volumes in Foxtons’ core markets 2% higher YoY, 21,000 Quarterly exchange volumes driven by Q1 activity: 18,000 15,000 - Q1 2025 volumes c.30% higher vs. 2024. 12,000 9,000 - Volumes depressed April
Slide 12: Financial Review
03 FINANCIAL REVIEW Chris Hough, Chief Financial Officer Foxtons Group plc FY2025 Results Presentation 12
Slide 13: Overview: Financial highlights
Overview Financial highlights. 2025 2024 Change (£) Change (%) Revenue £172.5m £163.9m +£8.6m +5% Revenue growth driven by returns (1) from acquisitions and improved Adj. EBITDA £25.3m £24.1m +£1.2m +5% Lettings property management (2) cross-selling. Adj. operating profit £22.2m £22.1m +£0.1m - High
Slide 14: Overview: Income statement
Overview Income statement. £m 2025 2024 Change £ Change % Revenue 172.5 163.9 +£8.6 +5% Direct costs (62.1) (59.1) (3.0) (5%) 5% revenue growth offset impact of challenging market backdrop: Contribution 110.4 104.9 +5.5 +5% • Revenue increased 5% to £172.5m, with Lettings revenue up 5%, Sales Contri
Slide 15: Segmental performance Lettings: Acquisition returns and property management cross-sell drove growth
Segmental performance Lettings: Acquisition returns and property management cross-sell drove growth. 2025 2024 Change (%) • Revenue increased by 5%: Financials - £5.2m of incremental revenue from acquisitions in commuter Revenue £111.0m £106.0m +5% markets. Contribution £82.9m £78.1m +6% - £0.6m hig
Slide 16: Segmental performance Lettings: Acquisitions delivering attractive returns
Segmental performance Lettings: Acquisitions delivering attractive returns. (Post-acquisition annualised) Acquisition Pre Portfolios Enterprise multiple Return on Year acquisition acquired value Revenue EBITDA EBITDA margin (synergised invested capital (1) EBITDA (2) EBITDA) 2020 3 £4.8m £0.6m £3.0m
Slide 17: Segmental performance Sales: Volume growth delivered against a challenging market backdrop
Segmental performance Sales: Volume growth delivered against a challenging market backdrop. 2025 2024 Change (%) • Total revenue rose 6%, driven by £3.4m in acquisition-driven growth, Financials which offset a £0.8m decrease in like-for-like revenue. Revenue £51.3m £48.6m +6% • Like-for-like revenue
Slide 18: Segmental performance Financial Services: Revenue growth delivered
Segmental performance Financial Services: Revenue growth delivered despite challenging sales market backdrop. 2025 2024 Change (%) Financials • 10% revenue growth: Revenue £10.3m £9.3m +10% - 13% increase in volumes driven by stronger refinance pipeline, Contribution £4.2m £4.0m +5% higher cross-sel
Slide 19: Cash flow: Net free cash generation supports acquisition spend and shareholder returns
Cash flow Net free cash generation supports acquisition spend and shareholder returns. Operating cash to net free cash flow bridge Opening to closing of net cash / (net debt) 2025 2024 £36.4m Opening net debt (£12.7m) (£6.8m) Net free cash flow £11.2m £9.8m (£4.4m) Net interest paid (£0.8m) (£0.2m)
Slide 20: Capital allocation
Capital allocation Disciplined capital allocation framework to deliver long-term growth and shareholder returns. 1. Organic growth Invest in strategically important growth drivers. 2. Accretive acquisition opportunities 20% total ROIC hurdle rate. Long-term growth. Progressive dividend Reliable divi
Slide 21: Operational Update
04 OPERATIONAL UPDATE Guy Gittins, Chief Executive Officer Foxtons Group plc FY2025 Results Presentation 21
Slide 22: Operational update: Operational progress being delivered across the Group
Operational update Operational progress being delivered across the Group. Area Operational progress 2026 focus +8% market share. Lettings growth formula: landlord Organic Lettings Stable portfolio of 32,000 tenancies. +53% since 2021. attraction and retention, and cross- growth selling high-marg
Slide 23: Operational update: Culture of continuous improvement
Operational update Culture of continuous improvement: upgrades delivered in 2025. • Real-time feedback platform embedded across the customer journey to measure service delivery. Identified and delivering upgrades to training and processes. Customer Lifetime Value • Avios partnership to drive custome
Slide 24: Outlook
05 OUTLOOK Guy Gittins, Chief Executive Officer Foxtons Group plc FY2025 Results Presentation 24
Slide 25: Outlook: Focus on delivering growth strategy
Outlook. Focus on delivering growth strategy. • In Lettings: - Similar dynamics to those in experienced 2025, with consistent levels of stock and tenant demand. - RRA implementation in May creates growth opportunities for Foxtons. - 2 acquisitions delivered in January 2026 will contribute incrementa
Slide 26: Appendix
APPENDIX Foxtons Group plc FY2025 Results Presentation 26
Slide 27: Appendix 1: Renters' Rights Act accounting policy and P&L and cash flow impact
Appendix 1: Renters’ Rights Act Accounting policy and P&L and cash flow impact. Current accounting policy and impact of RRA: • Foxtons currently recognises Lettings revenue from 3 core activities under IFRS 15: – Tenant find: recognised upfront to the end of the non-cancellable period, either the br
Slide 28: Appendix 2: Acquisition strategy
Appendix 2: Acquisition strategy Dual track acquisition strategy. Bolt-on acquisitions Buy, build and bolt-on platforms New geographies in selected high value, Geography Existing Foxtons markets. > complementary markets. Fold into existing Foxtons Retain physical footprint and power Operational infr
Slide 29: Contact
Contact: www.foxtonsgroup.co.uk investor@foxtonsgroup.co.uk +44 (0) 207 893 6261 Foxtons Group plc FY2025 Results Presentation 29