Record results cap bumper six months for estate agency giant

The Property Franchise Group (TPFG) has hailed a record half-year performance for the first six months of 2026.

A stockmarket update from the agency brand this morning showed a record first half performance for the period ending June 30 2026, with group revenue increasing by 7% annually to £43.3million.

This was driven by an 8% yearly rise in franchising revenue to £24million and a 10% increase in financial services revenue to £13million. Pre-tax profits rose 7% to £15.5million.

The update said its Privilege commercial network programme delivered £1.2millon of revenue in its first full half year, with the rent guarantee element now protecting more than 72,000 managed properties.

TPFG’s managed portfolio remained at around £149,000 properties amid the implementation of the Renters’ Rights Act, while its sales agreed pipeline increased to £44.6million from £43.5million at the same point last year.

Franchising boost

Franchising remains the largest division within the Group, accounting for 55% of revenue in the period, the results showed.

Divisional revenue increased 8% annually to £24million, with growth across lettings and sales.

Lettings Management Service Fees (MSF) increased 2% to £10.6million, TPFG said, while sales MSF was up just 1% annually to £5million, which the update says reflects higher average fees.

UK sales within the group were down 4% annually, in line with the wider market.

Priorities in the second half of the year are to increase the uptake of its in-house digital marketing agency MarketMore and its AI-enabled agent products, support franchisees in completing lettings portfolio acquisitions and converting the sales-agreed pipeline into completions.

The company said it will increase its interim dividend by 10% to 7.7p.

Resilient model

Gareth Samples (pictured), Chief Executive of TPFG, says:  “This has been another record first half for the Group, delivered in a subdued sales market, demonstrating the resilience of our diversified franchise model.

“We have continued to broaden the platform, acquiring Smart Advice Financial Solutions, investing in the Meridian surveying service and launching our first AI-enabled products. Each extends our reach across the property transaction lifecycle and, together with our strong cash generation and the resilience of our business model, supports the 10% increase in the interim dividend.

“I would like to thank our franchisees, licensees, advisers, and colleagues across the Group for their continued hard work and commitment. Looking ahead, whilst the external environment remains uncertain, our diversified income streams and growing recurring revenue base give us confidence in delivering full year trading in line with market expectations.”

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Author: Gemma