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Mortgage Advice Bureau Holdings PLC on Tuesday reported improved half-year earnings, said it sees a more ‘stable operating environment’ but did express caution on UK fiscal policy uncertainty. The company also plans to move its listing to to the London Main Market from AIM. The Derby, England-based mortgage broker said pretax profit in the six months that ended June 30 shot up 55% to £9.6 million from £6.2 million a year prior. Revenue improved 20% to £148.2 million from £123.9 million. ‘Adviser recruitment is accelerating, productivity is rising, and we are evolving our business model with technology and lead generation playing a central role in driving efficiency and future organic revenue growth,’ Chief Executive Peter Brodnicki said. In line with the profit decline, Mortgage Advice Bureau cut its interim dividend by 46% to 7.2 pence per share from 13.4p. Its policy is to distribute around 50% of annual adjusted post-tax and minority interest prots, with one third of that chunk coming in the form of an interim payout and the remainder as a final dividend. It announced this new dividend policy back in February. Mortgage Advice Bureau on Tuesday also confirmed it plans to move to the London Main Market in 2026. It plans to move to the Equity Shares (Commercial Companies) listing category, which will ‘further enhance the group’s profile, with the ambition of meeting the criteria for inclusion in the FTSE 250 index’. MAB shares were up 10% to 748.00p on Tuesday morning in London, giving it a market capitalisation of £428.9 million. This would place the stock within the bottom rung of the current list of FTSE 250 constituents. Looking ahead, MAB said ‘momentum’ has continued. ‘Mortgage applications in July and August increased by 17% year-over-year, and refinancing volumes are expected to continue building through the second half of 2025 and into 2026. The group continues to trade in line with the board’s expectations,’ it said. ‘The impact of past economic shocks is now receding for both borrowers and lenders, creating a more stable operating environment. While uncertainty ahead of the November 2025 budget may weigh on market sentiment in the near term, certain housing policy measures under discussion could provide opportunities for both MAB and our customers.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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