Property Franchise Group Plc · LSE:TPFG
Property Franchise — The Property Franchise Group — FY2025 Earnings Presentation
29 slides from Property Franchise's earnings presentation, March 2026
Slide 1: Final Results 2025
Final Results 2025 A record year delivering strong growth
Slide 2: Presentation Team
Presentation Team Gareth Samples Ben Dodds Chief Executive Officer Chief Financial Officer
Slide 3: Agenda
Agenda 1 Highlights 2 Financial Review 3 Strategy 4 Outlook 5 Q&A
Slide 4: Highlights
FINAL RESULTS 2025 Highlights
Slide 5: The UK's largest multi-brand property franchisor
HIGHLIGHTS The UK’s largest multi-brand property franchisor Track record of delivering growth underpinned by a resilient business model, with considerable opportunities arising from the Group’s increased scale and reach Proven multi-brand Large and growing network International opportunity Highly ex
Slide 6: Divisional Business Structure
WHO WE ARE Divisional Business Structure Three divisions underpinned by a scalable platform model Franchising Financial Services Licensing Network of independent businesses Advisers earning commission on Network of independent businesses operating under our Brands, Procedures and mortgages and prote
Slide 7: FY25 Operational Highlights
HIGHLIGHTS FY25 Operational Highlights Solid operational progress across the Group, strengthening TPFG’s strategic position Managed portfolio of 149,000 properties Launch of Privilege programme Financial Services division delivered a (2024: 153,000) a set of lettings-focused offerings record 25,000
Slide 8: Financial Review
FINAL RESULTS 2025 Financial Review
Slide 9: FY25 Key Highlights
FINANCIAL REVIEW FY25 Key Highlights Strong financial performance delivering growth across KPIs Revenue Recurring income Adjusted profit before tax Dividend £84.3m 51% £31.0m 22p +25% YoY +39% YoY +22% YoY 2024: £67.3m 2024: 52% 2024: £22.3m 2024: 18p Net debt Leverage Cash from operations Adjusted
Slide 10: Revenue, Profitability and EBITDA
FINANCIAL REVIEW Revenue, Profitability and EBITDA The franchising division continues to deliver the highest proportion of profitability Revenue Adjusted operating profit EBITDA £3.5m £3.8m £12.6m £4.2m £4.3m £24.2m £47.5m £27.9m £28.7m Franchising +9% Franchising +17% Franchising +17% Financial Ser
Slide 11: Franchising
FINANCIAL REVIEW Franchising Lettings income continues to make up c50% of all franchising income, supporting robust recurring revenues 14% KPIs Revenue 149,000 +16% Lettings growth Total managed lets 35,000 Total Sales £6m £7m 13% £40.5k £22m Sales growth Average MSF per franchisee £7m £41m £19m £48
Slide 12: Financial Services
FINANCIAL REVIEW Financial Services Financial Services has grown significantly with the acquisition of Brook through Belvoir Group KPIs Revenue 315* +26% 26% Number of advisors Revenue growth 25,000 Mortgage transactions £83k Revenue per adviser £9m £19m £10m £14m £24m £10m 18% FY25 Progress Adjuste
Slide 13: Licensing
FINANCIAL REVIEW Licensing Acquisition of GPEA adds a licensing division, where a regular recurring monthly fee is paid in return for use of the Brands KPIs Revenue 1,042 +75% 75% Number of licensees Revenue growth £696.0 Average license fee per licensee FY25 Progress £4m £7m £3m £7m £13m £6m 28% •
Slide 14: Consistent Delivery
FINANCIAL REVIEW Consistent Delivery The Group has delivered consistent growth in Adj PBT, EPS and Dividend over the last 10 years 17% Dividend CAGR 16% EPS CAGR 11.6p 13.0p 14.0p 18.0p 22p 8.4p 8.7p 7.5p 40.3p 6.5p 5.9p 4.0p 2.6p 31.7p 28.4p 29.7p 27.9p 28% £66m 16.2p 16.8p 31.0 14.4p 14.0p 15.4p 1
Slide 15: Cash
FINANCIAL REVIEW Cash Cash flow continues to be strong and has increased by 14% per share • Highly cash generative with a £10.9m Cash at 31st December 2024 £4.2m strong balance sheet Net cash from operations £22.1m • Cash conversion against earnings was 116% in 2025 (2024: 145%), Cash as at 31 Dec 2
Slide 16: Capital Allocation
FINANCIAL REVIEW Capital Allocation The Group continues to deliver on its capital allocation strategy Focus 2025 1 Financial Resilience • Pay down debt • Maintain appropriate cash reserves Bank debt remained at same levels due to RCF & loan to fund acquisition • Strategic spend to support synergy gr
Slide 17: Strategy
— FINALRESULTS 2025 Strategy > Pra franchise group
Slide 18: Market Update
STRATEGY Market Update The market was supportive of our growth in 2025 and presents opportunities for 2026 Lettings Financial Services Sales • Landlord attrition and slower pace • Mortgage rates continued to come • In 2025 housing sales hit 1.2m – the of new lettings portfolio acquisitions down endi
Slide 19: Renters' Rights Act
STRATEGY Renters’ Rights Act Mitigating the impact through TPFG’s attractive proposition The Renters’ Rights Act How TPFG is responding When will it become law? Rent Guarantee Product • Became law in October 2025, with provisions coming into • Delivered through HomeLet at a uniquely commercial effec
Slide 20: Growth Strategy & FY26 Priorities
STRATEGY Growth Strategy & FY26 Priorities Franchising Financial Services Licensing Lettings Sales strategy Growth Develop sales productivity and Maximise opportunity across Group’s Expand brand across UK and Keep lettings at our core and sales-led activities in the high- franchise network and exist
Slide 21: Growth Strategy & FY26 Priorities: Acquisitions
STRATEGY Growth Strategy & FY26 Priorities Acquisitions to grow our divisions and widen platform Franchisors Financial Services Complementary Owned Office Lettings businesses businesses Book Portfolios Two remaining property FS buy-and-build strategy, Build on platform model and Drive profitability
Slide 22: Outlook
— FINALRESULTS 2025 Outlook Press franchise group
Slide 23: Outlook
OUTLOOK Outlook Commercial opportunities in 2026 supported by strong balance sheet, diversified income streams, and expanding platform Q1 trading in line with Boost revenue synergies Actively pursuing expectations via the Group’s scale and acquisition opportunities platform strengths Growth supporte
Slide 24: Q&A
— FINALRESULTS 2025 Q&A the proper (rope group
Slide 25: Appendix
— FINALRESULTS 2025 Appendix Property inchise tr. frar group
Slide 26: The Board
APPENDIX The Board Paul Latham Gareth Samples Ben Dodds Michelle Brook Non-Executive Chair Chief Executive Officer Chief Financial Officer Financial Services Director Jon Di-Stefano Claire Noyce Paul George Senior Independent Independent Independent Non-Executive Director Non-Executive Director Non-
Slide 27: Senior leadership team
APPENDIX Senior leadership team Gareth Samples Chief Executive Officer Ben Dodds Michelle Brook Chief Financial Officer Financial Services Director Ellie Hall Rob Smith Toby Smith Nick Neill Iain Mckenzie Claire Devine Grace Milham Adam Noonan Belvoir Group MD Hunters & Northwood Trad Brands Group M
Slide 28: Profit & Loss
APPENDIX Profit & Loss Full Year Results 2025 28
Slide 29: Balance Sheet Summary
APPENDIX Balance Sheet Summary Full Year Results 2025 29
The Property Franchise Group — FY2025 Earnings Presentation on 6ix