|
LSL Property Services PLC on Friday said it has continued to deliver a strong financial and operational performance so far this year. As a result, LSL said, it expects to report further profit growth in 2026. This would be in line with market expectations, the Newcastle-upon-Tyne, England-based firm added. Previously in March, LSL reported flat pretax profit of £23.1 million for 2025, but said revenue rose 5.6% to £182.9 million from £173.3 million in 2024. ‘We have made a positive start to the year, building on the momentum from 2025,’ the company said. ‘Despite a backdrop of uncertainty in the financial markets, UK housing transactions continue to remain stable.’ LSL, which provides services to mortgage intermediaries and franchised estate agencies, said it has maintained strong market positions with healthy pipelines across each of its core businesses. It noted that it has ‘limited exposure’ in the London market, which ‘has shown recent softness’. LSL added that changes in the regulatory environment ‘[play] to our strengths,’ with developments like the Renters’ Rights Act ‘driving higher standards and increasing focus on professionalism and transaction efficiency. ‘With our scale and capabilities across the property and mortgage ecosystem, we are well-positioned to support our partners and benefit from these changes,’ it said. LSL also said it continues to invest in its platforms, with the roll-out of its broker operating platform progressing as expected, and has made ‘strong progress’ in its Estate Agency Franchising business. It noted that it has opened 14 new branches and ‘made a strategic investment in a leading digital conveyancing business to strengthen our proposition to franchisees and support cross-sell opportunities’. Finally, LSL said it is ‘actively progressing our plans to drive meaningful cost efficiency and productivity gains,’ and is focused on ‘[driving] rowth and returns by working more closely across our businesses’. Shares in LSL Property were 4.0% higher at 213.28 pence in London on Friday afternoon. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
