Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.
TPFG Achieves Record Revenue and Profit in First Half of 2026
The Property Franchise Group (TPFG) has reported record revenue and profit for the first half of 2026, despite what it described as a subdued property sales market. The AIM-listed group, which owns brands including Belvoir and Martin & Co, saw group revenue rise 7% to £43.3 million in the six months to 30 June 2026, up from £40.3 million a year earlier.
Adjusted pre-tax profit increased by 7% to £15.5 million, while adjusted EBITDA rose 3% to £16.2 million. TPFG increased its interim dividend by 10% to 7.7p per share. The group stated it expects full-year trading to remain in line with market expectations.
Lettings Portfolio and Recurring Income
TPFG’s managed lettings portfolio stood at around 149,000 properties at the end of the period, compared with approximately 150,000 in the first half of 2025. Recurring income accounted for 46% of group revenue, compared with 47% a year earlier. The Rent Guarantee element of the group’s offering now covers more than 72,000 managed properties.
Franchising revenue increased 8% to £24 million, and financial services revenue rose 10% to £13 million. Licensing revenue remained unchanged at £6.3 million. The group’s Privilege programme generated £1.2 million during its first full half-year.
Technology and Expansion
TPFG launched its first commercial AI-enabled products during the period, aimed at improving franchisee productivity, inbound lead handling, and financial services lead progression. Fourteen franchisees have adopted these products so far.
The group completed its acquisition of Smart Advice Financial Solutions (SAFS) in January 2026 and reported that the business has integrated and is performing in line with expectations. TPFG also invested in Meridian, the parent company of Legal & General Surveying Services, extending its interests into residential surveying.
Net debt fell to £8.1 million from £10.9 million a year earlier. TPFG generated £13.4 million in cash from operations during the six-month period.
Source: Property Industry Eye