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Property Franchise Group PLC on Tuesday said it delivered ‘record’ results in 2024 following two major acquisitions, as revenue more than doubled and lifted its dividend. The Bournemouth, England-based property franchisor and financial services provider said pretax profit climbed 59% to £14.3 million in 2024 from £9.0 million a year before, while revenue surged to £67.3 million from £27.3 million. The increase was driven by the acquisitions of Belvoir Group PLC in March 2024 and GPEA Ltd, which trades as The Guild of Property Professionals and Fine & Country, in May of the same year. Total administrative costs rose to £29.7 million from £12.6 million, and cost of sales increased to £22.3 million from £5.4 million, reflecting the enlarged group. The company raised its full-year dividend by 29% to 18.0 pence per share, up from 14.0p in 2023, including a final dividend of 12.0p, up from 7.4p. Chief Executive Officer Gareth Samples called 2024 a truly transformational year, highlighting strong progress on integrating the acquired businesses, delivering £400,000 in synergies with more expected in 2025. The company now manages 153,000 rental properties, up from 78,000 in 2023, and processed 23,000 mortgages worth £4 billion in 2024. Management service fees rose 76% to £28.3 million, and recurring revenue accounted for 52% of the total. Looking ahead, TPFG said it is focused on completing integration and realising further benefits from its increased scale. Shares in Property Franchise were up 1.1% at 410.00 pence each in London on Tuesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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