The Foxtons Group Plc Board has declared an interim dividend of 0.24p per share (2025: 0.24p per share). Payment will be made on 11 September 2026 to shareholders on the register at close of business on 7 August 2026. The shares will be quoted ex-dividend on 6 August 2026.
Other financial highlights include:
Group revenue down 3% to £83.7m:
- Lettings revenue flat, reflecting growth in Build to Rent and ancillary landlord and tenant services (e.g. compliance and insurance) alongside a £1.7m contribution from acquisitions. This was offset by a £3.0m reversal of previously recognised, contractually due revenue, from elevated tenant-led tenancy terminations following the introduction of the RRA.
- Sales revenue down 13%, against a comparator period which benefitted from stamp duty deadline tailwinds. Market transaction volumes decreased, as domestic political uncertainty and conflict in the Middle East contributed to weaker consumer confidence and higher-than-expected interest rates.
- Financial Services revenue up 20%, underpinned by stronger refinancing volumes, with operational upgrades driving growth in ancillary revenues and supporting resilient purchase mortgage revenue.
- Non-cyclical and recurring revenues generated 69% of total revenue in H1 2026 (H1 2025: 65%).
Adjusted operating profit down £3.6m, reflecting £3.0m of RRA Lettings revenue reversals (which dropped directly through to profit), Sales market headwinds and £1.3m benefit from cost actions (annualised benefit of £4.5m).
Period-end net debt of £28.4m (HY 2025: £18.2m), reflecting £2.2m lower net free cash flow, £8.8m of acquisition spend and £3.2m of shareholder returns (buybacks and dividends). Net free cash flow impacted by lower Sales revenue and an expected working capital outflow linked to the roll-out of more competitive landlord billing terms. RCF increased from £40m to £50m to support the Group's organic and inorganic growth strategy.
