Foxtons Group (LON:FOXT) Posts Earnings Results

Foxtons Group (LON:FOXT) issued its quarterly earnings data on Thursday. The company reported GBX 1.80 earnings per share for the quarter, Digital Look Earnings reports. Foxtons Group had a net margin of 7.45% and a return on equity of 8.96%.

Here are the key takeaways from Foxtons Group’s conference call:

• Neutral Sentiment: H1 revenue fell 3% to £84.2 million and adjusted operating profit declined 29% to £8.9 million, reflecting a 13% drop in Sales revenue and £3 million of Lettings revenue reversals from tenant-led terminations after the Renters’ Rights Act took effect.
• Positive Sentiment: Lettings revenue was flat despite the RRA disruption, with underlying like-for-like revenue up £1.9 million, property-management penetration rising 10%, ancillary-products revenue increasing 17%, and Build to Rent continuing to grow.
• Positive Sentiment: Foxtons expects the RRA to create medium-term growth opportunities as regulatory complexity drives landlords toward professional management, while strong tenant demand—averaging 17 renters per property—continues to exceed constrained supply.
• Negative Sentiment: The Sales market remains weak, with London exchange volumes down 13% and transaction volumes down 11%; management said current sales-agreed levels indicate that a meaningful recovery is unlikely in the near term, prompting £3 million of annualized Sales cost savings and operational restructuring.
• Neutral Sentiment: Management maintained its 2026 adjusted operating-profit guidance of £17 million–£19 million, weighted toward the second half, while net debt rose to £28.4 million after acquisitions, shareholder returns, and working-capital investment linked to annual landlord billing.

Foxtons Group Stock Down 0.4%

LON FOXT opened at GBX 39.42 on Friday. Foxtons Group has a twelve month low of GBX 31.70 and a twelve month high of GBX 62. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.90 and a current ratio of 3.92. The firm has a 50-day simple moving average of GBX 43.90 and a 200 day simple moving average of GBX 46.15. The stock has a market cap of £116.59 million, a PE ratio of 9.39, a PEG ratio of 0.83 and a beta of 1.04.

About Foxtons Group

Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Financial Services. The Lettings segment engages in letting and management of residential properties. The Sales segment sells residential properties. The Financial Services segment offers mortgages and related products. Foxtons Group plc was founded in 1981 and is headquartered in London, the United Kingdom.