FIRST PROPERTY GROUP PLC (FPO) — Interim results for the six months ended 30 September 2025

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the FIRST PROPERTY GROUP PLC Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO, Ben Habib. Good morning. Good morning. Good morning, everyone, and thank you very much for attending, the presentation of our interim results for the six months to 09/30/2025. I'm pleased to present these results which show if I can just go straight to the presentation, which you should all have access to, which show on page three profits before tax of 1,480,000, up from 1,160,000 last year. Quite a significant improvement in profits. Increase this increase was due, largely to the higher rent and service charge income from Blue Tower with a reduction in operating expenses to 2,000,000 in the group. We made some savings in the group in 2024, which only really came through fully in this first half. So for the period last year, for the comparable period last year, 30 to 09/30/2024, our overheads were 2,300,000,000. So reduction in significant reduction in costs coupled with a significant increase in income naturally resulted in our profits going up. And what I'm very pleased about is after a long period of, market turmoil, economic turmoil kicked off by lockdowns and then the sub subsequent unlocking of the ...