Interim Results | Company Announcement | Investegate

Contributing sentiments towards policy:

55% : Against these savings the Group has also seen an increase in costs arising from changes to national minimum wage and employers' national insurance, interest arising from the acquisition funding and recruitment to support strategic growth initiatives.
53% : Importantly, the Group has been able to mitigate much of this impact through the Privilege programme, which offsets the risk of landlords wanting to exit the market and creates additional income for the Group. Sales Management Service Fees ("SMF") delivered exceptional growth in H1, with revenue up 28% to £5.0m (2024 H1: £3.9m), and up 18% from £4.2m on a proforma basis.
47% : Profit and Total Comprehensive Income Statutory profit after income tax expenses attributable to the owners of the parent increased by 155% to £9.4m (H1 2024: £3.7m).
43% : Adjusted profit before tax growth on a pro-forma basis was 18% from £12.3m. Taxation The effective rate of corporation tax for the period was 23% (2024: 24%).
38% : Our newly launched Privilege programme, a set of lettings focused offerings designed to leverage the scale of the Group, is the first example of these new opportunities being realised, demonstrating our ability to deliver market-leading initiatives that strengthen our lettings proposition, deliver tangible benefits to landlords and tenants, as well as create additional income for the Group.

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