Lsl Property Svcs Plc Ord (LSLPF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.993 -- 00:00:04.617 Welcome to LSL's preliminary results presentation. 00:00:04.617 -- 00:00:07.099 Thank you for joining us today. 00:00:07.099 -- 00:00:09.822 I'll start by talking through the key highlights. 00:00:09.822 -- 00:00:13.606 David will then take you through the financial results in more detail. 00:00:13.606 -- 00:00:17.670 I'll then come back and talk about the opportunities ahead and how we see the next phase 00:00:17.670 -- 00:00:20.251 of growth for LSL. 00:00:20.753 -- 00:00:26.079 Last year I set out clear priorities. Performance, technology and data, 00:00:26.079 -- 00:00:30.558 aligning the collective strengths of the group and empowering an accountable culture. 00:00:30.558 -- 00:00:35.123 In 2025, we have delivered strong progress against those priorities. 00:00:35.123 -- 00:00:38.426 We also continue to build for the future. 00:00:38.426 -- 00:00:45.214 Having spent a year in the role, my conviction in the opportunity for LSL has only increased. 00:00:45.214 -- 00:00:50.299 Today, I want to demonstrate two things to you, strong delivery and a 00:00:50.299 -- 00:00:53.480 platform for future growth. 00:00:54.023 -- 00:01:00.867 In 2025, we delivered on our promises. with profit growth of 17% to 32.6 00:01:00.867 -- 00:01:07.134 million. This was a broad-based performance with profit up in all three divisions. 00:01:07.134 -- 00:01:11.439 There was margin expansion up to a record 18%, 00:01:11.439 -- 00:01:14.662 which brings in sight our next milestone of 20%. 00:01:14.662 -- 00:01:16.324 With 00:01:16.324 -- 00:01:21.233 focused cost discipline, we also reduced our central costs. 00:01:21.233 -- 00:01:26.561 and with 90% cash conversion, bringing 35% return on capital employed 00:01:26.561 -- 00:01:30.724 and increased absolut...