Business
Half-year Report
M Winkworth Plc announced its interim results for the six months ended 30 June 2025, revealing a 15% increase in network revenues to £32.0 million, up from £27.9 million in H1 2024. Network sales revenues rose by 27% to £16.9 million, while network lettings revenues increased by 4% to £15.1 million. Winkworth revenues saw a 1% uptick to £5.20 million. Profit before taxation decreased by 19% to £0.83 million, impacted by one-off costs. However, net cash generated from operating activities doubled to £0.96m. The company's cash balance stood at £3.86 million at the end of June. An increased ordinary dividend of 6.6p per share was declared, compared to 6.0p in H1 2024. Disclaimer*
About this update from M Winkworth Plc
M Winkworth Plc Interim Results for the six months ended 30 June 2025 M Winkworth Plc ("Winkworth" or the "Company") is pleased to announce its unaudited interim results for the six months ended 30 June 2025. Highlights for the period: · Network revenues 15% higher at £32.0 million (H1 2024: £27.9 million) o Network sales revenues up by 27% to £16.9 million (H1 2024: £13.4 million) o Network lettings revenues up by 4% to £15.1 million (H1 2024: £14.5 million) · Network sales revenues accounted for 53% of total network revenues (H1 2024: 48%) · Winkworth revenues up by 1% at £5.20 million (H1 2024: £5.14 million) · Four majority-owned businesses generated revenues of £1.67 million and PBT of £0.08 million (H1 2024: revenues of £1.51 million; PBT: -£0.04 million) · Profit before taxation down by 19% to £0.83 million (H1 2024: £1.02 million), largely reflecting one off costs including office relocation and a planned increase in marketing spend in prime central London · Net cash generated from operating activities doubled to £0.96m (H1 2024: £0.48m) · Cash balance at 30 June 2025 of £3.86 million (30 June 2024: £4.12 million); no debt in both periods · Three new offices opened and two refranchised · Increased ordinary dividends of 6.6p (H1 2024: 6.0p) per share declared during the period. Dominic Agace, CEO of the Company, commented: We are delighted with our performance in sales in H1 2025 and the solid contribution from lettings, where management fees are making an increasingly important contribution. Net cash generated by the business nearly doubled compared to the first half of 2024, and we have continued to invest in our franchisees, while supporting them through new marketing initiatives. We have also substantially increased the payout to shareholders. Further activity in our network should result in us finishing the year above our target of opening or reselling eight franchises per year. Investor presentation Dominic Agace, CEO of the Company, and Andrew Nicol, CFO of the Company, will present the Interim Results via the Investor Meet Company platform on 17 September 2025 at 11.00 BST. The presentation is open to all existing and ...