MORTGAGE ADVICE BUREAU (HOLDINGS) PLC (MAB1) — Interim Results for the six months ended 30 June 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Mortgage Advice Bureau PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by 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 it received during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to head of investor relations, Mark. Good afternoon, sir. Afternoon. Thank you, and hello, everyone. Thank you for your interest in MAB. Format for this meeting, I am gonna give a short introduction to the business and the investment case for those that might not have met us before. I'll then pass to Ben, our deputy CEO, to cover off the highlights from our first half of the year and an update on the market. Emily, our CFO, will then walk through our financial KPIs and update on capital allocation, passing back to Ben to talk about our strategic priorities, leaving plenty of time for q and a. So MAB on one level is a network for mortgage advisers. Through our partner firms known as appointed representatives, ARs, MAB has over 2,000 advisers providing advice to customers on a range of mortgage and protection products. We provide our AR firms with mortgage and insurance panels as well as support and services, including technology, compliance, training, and marketing. We're a b to b to c business, so we receive mortgage procurement fees from lenders, commissions from insurers, and client fees all wash through MAB. We retain a revenue share,...