The Property Franchise Group (TPFG) has reported a 39% increase in adjusted profit before tax and a 25% rise in revenue for the year ending 31 December 2025.
The parent company of Belvoir and Martin & Co recorded adjusted profit before tax of £31 million, up from £22.3 million in 2024, while group revenue reached £84.3 million compared to £67.3 million the previous year.
Franchising division performance
Franchising revenue increased 16% to £47.5 million. The franchising division accounted for 56% of total revenue and 78% of adjusted operating profit in 2025, according to the company’s financial results.
EBITDA rose 49% to £30.3 million from £20.4 million in 2024. Management Service Fees increased 14% to £32.4 million, up from £28.3 million the previous year.
Financial services and licensing growth
Financial Services revenue increased 26% to £24.2 million from £19.2 million, while Licensing revenue grew 75% to £12.6 million compared to £7.2 million in 2024.
In January, TPFG acquired a controlling stake in a financial services company linked to the Mortgage Advice Bureau, expanding its mortgage advisers team to over 300.
Gareth Samples, CEO at TPFG, said: “2025 was characterised by strong organic growth and solid operational progress across all three divisions, delivering profitability ahead of expectations.”
He added that the company’s diversified income streams and strengthened balance sheet provide a foundation for pursuing further growth, with the group continuing to seek complementary acquisition opportunities.
Outlook
The company has begun rolling out artificial intelligence-focused initiatives in 2026 and expects further commercial opportunities ahead. TPFG’s results reflect growth across its franchising, financial services, and licensing divisions, with the franchising arm remaining the largest contributor to both revenue and operating profit.
