Foxtons Group (LON:FOXT) Announces Earnings Results

Foxtons Group (LON:FOXT) released its earnings results on Thursday. The company reported GBX 1.80 EPS for the quarter, Digital Look Earnings reports. Foxtons Group had a return on equity of 5.76% and a net margin of 4.91%.

Here are the key takeaways from Foxtons Group’s conference call:

• Neutral Sentiment: H1 revenue fell 3% to £84.2 million and adjusted operating profit declined 29% to £8.9 million, reflecting a 13% drop in Sales revenue and £3 million of Lettings revenue reversals from tenant-led terminations after the Renters’ Rights Act took effect.
• Positive Sentiment: Lettings revenue was flat despite the RRA disruption, with underlying like-for-like revenue up £1.9 million, property-management penetration rising 10%, ancillary-products revenue increasing 17%, and Build to Rent continuing to grow.
• Positive Sentiment: Foxtons expects the RRA to create medium-term growth opportunities as regulatory complexity drives landlords toward professional management, while strong tenant demand—averaging 17 renters per property—continues to exceed constrained supply.
• Negative Sentiment: The Sales market remains weak, with London exchange volumes down 13% and transaction volumes down 11%; management said current sales-agreed levels indicate that a meaningful recovery is unlikely in the near term, prompting £3 million of annualized Sales cost savings and operational restructuring.
• Neutral Sentiment: Management maintained its 2026 adjusted operating-profit guidance of £17 million–£19 million, weighted toward the second half, while net debt rose to £28.4 million after acquisitions, shareholder returns, and working-capital investment linked to annual landlord billing.

Foxtons Group Stock Down 0.8%

Shares of LON FOXT opened at GBX 39.30 on Friday. The stock has a market capitalization of £116.22 million, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.83 and a beta of 1.04. Foxtons Group has a 52 week low of GBX 31.70 and a 52 week high of GBX 62. The firm has a 50-day moving average price of GBX 43.74 and a 200 day moving average price of GBX 46.10. The company has a quick ratio of 0.90, a current ratio of 3.84 and a debt-to-equity ratio of 46.83.

About Foxtons Group

Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Financial Services. The Lettings segment engages in letting and management of residential properties. The Sales segment sells residential properties. The Financial Services segment offers mortgages and related products. Foxtons Group plc was founded in 1981 and is headquartered in London, the United Kingdom.