Foxtons Group (FOXT) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 revenue grew 3% year-over-year to £49.0m, with year-to-date revenue up 7% to £135.1m, driven by strong Lettings performance.

• Lettings accounted for 71% of total Group revenue in Q3, offsetting a weaker sales market impacted by reduced consumer confidence and delayed Autumn Budget.

• Strategic focus on Lettings and recurring revenues continues to underpin growth and resilience.

Financial highlights

• Q3 Lettings revenue increased 5% year-over-year to £33.4m, supported by operational improvements and acquisitions.

• Q3 Sales revenue declined 7% to £12.5m due to lower market transactions and subdued buyer activity.

• Q3 Financial Services revenue rose 37% to £3.1m, driven by increased refinance activity.

• Year-to-date Lettings revenue up 5% to £88.0m; Sales up 12% to £39.4m; Financial Services up 12% to £7.7m.

Outlook and guidance

• Lettings expected to remain stable and resilient for the rest of the year.

• Sales likely to stay subdued, with Q4 revenue at risk of falling below management expectations due to market uncertainty.

• Full year adjusted operating profit forecasted between £21.5m and £23.2m, reflecting sales pipeline uncertainty.

• Medium-term growth anticipated as market conditions improve post-Budget and with potential interest rate cuts.