The Property Franchise Group (TPFG) has posted a 7% annual increase in revenue to £43.3 million for the six months ending 30 June 2026, according to a stockmarket announcement released this morning.
The company’s pre-tax profits rose 7% to £15.5 million during the period, with franchising revenue up 8% to £24 million and financial services revenue increasing 10% to £13 million.
Franchising division performance
Franchising accounted for 55% of total revenue during the period, with divisional revenue reaching £24 million. Lettings Management Service Fees increased 2% to £10.6 million, while sales Management Service Fees rose 1% to £5 million, reflecting higher average fees.
UK sales within the group declined 4% year-on-year, consistent with broader market conditions. This performance comes amid wider market trends affecting transaction volumes, though the company’s diversified model appears to have offset some of the impact.
The company’s Privilege commercial network programme generated £1.2 million in revenue during its first full half-year period. The rent guarantee element now covers more than 72,000 managed properties, a factor that may prove significant given that rent arrears have affected 26% of landlords in the past year.
Portfolio and pipeline
TPFG’s managed portfolio remained stable at approximately 149,000 properties during the implementation of the Renters’ Rights Act. The sales agreed pipeline increased to £44.6 million from £43.5 million at the same point in 2025.
The company stated its priorities for the second half include increasing uptake of its in-house digital marketing agency MarketMore and AI-enabled agent products, supporting franchisees in lettings portfolio acquisitions, and converting the sales-agreed pipeline into completions. Similar technology adoption has been reported across the sector, with estate agents using certain CRM systems reporting instruction increases.
Chief Executive Gareth Samples said: “This has been another record first half for the Group, delivered in a subdued sales market, demonstrating the resilience of our diversified franchise model.”
The company announced a 10% increase in its interim dividend to 7.7p per share.
TPFG’s results indicate that diversified revenue streams and recurring income from property management may provide insulation against volatility in the sales market, though the company acknowledged continued uncertainty in the external environment.
