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Mountview Estates PLC on Thursday reported lower profit and revenue as property sales slowed in financial 2025. The London-based real estate developer posted pretax profit of £31.3 million in the financial year that ended March 31, down 17% from £37.9 million the year prior. The same 17% drop was reflected in basic and diluted earnings per share, which were down to 602.5 pence from 728.9p on-year. Revenue fell by 9.3% to £72.1 million from £79.5 million. Mountview said administration costs were ‘well-contained’, reduced slightly to £6.8 million from £7.0 million a year before. However, net finance costs jumped by 34% to £5.0 million from £3.7 million the previous year. ‘Whilst the law of averages works very well for us it does not guarantee a minimum number of vacant possessions. Thus with less properties sold it is quantity rather than quality that has had the greater effect on turnover,’ commented Chief Executive Duncan Sinclair. ‘Writing this statement has often been easy as the company has blossomed from its humble beginnings but this time some of the figures are disappointing.’ Nonetheless, Mountview proposed a final dividend per share of 275 pence, unchanged from a year prior. Sinclair added: ‘The company continues to be in a strong position and can look forward to years of profitable trading looking after its employees and shareholders alike. Our employees have received pay rises which will help to protect them against inflation, and despite lower profits we believe that the final dividend should be maintained at the same level as 2024.’ Mountview shares were 3.3% lower at 9,500.00 pence on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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