The London-based agency, headed by Guy Gittins, sees its revenue rise 5% in 2025, but operating profit remains static.
5th Mar 20260 699 1 minute read David Callaghan
Foxtons reports group revenue up 5% to £172.5 million last year, however operating profit only rose marginally and was rescued by lettings.
The London-based agency says its profit was £22.2 million in 2025 up slightly from £22.1 million the previous year.
It puts the profit performance down to increased costs, including the impact of National Insurance and National Living Wage increases, and inflationary pressures.
ChallengingAnd the agency warns: “The London sales market remains challenging, with buyer demand in early 2026 continuing to be held back by weak consumer confidence.
“To manage this, the Group is focused on repositioning the sales business for these lower volume market conditions to accelerate the path to profitability.”
Sales upSales revenue was up 6% from £48.6 million to £51.3 million, driven by revenues from acquisitions in commuter markets, Foxtons says. And lettings revenue rose 5% to £111 million from £106 million, which was boosted by revenues from acquisitions and growth in high margin property management services.
Financial Services revenue was up 10%, driven by operational upgrades and a stronger refinance pipeline.
Foxtons acquired Birmingham independent lettings agent FleetMilne for £3.2 million in January in a significant step outside the South East for the first time.
Recurring lettings revenues enabled us to maintain adjusted operating profit despite a volatile sales market.“
Guy Gittins, CEO at Foxtons (pictured), says: “We were pleased to deliver 5% revenue growth in the year, as our continued focus on growing non‑cyclical and recurring lettings revenues enabled us to maintain adjusted operating profit despite a volatile sales market.
“We are making strong progress with our buy, build and bolt‑on strategy.
Acquisitions“Acquisitions in Milton Keynes and Birmingham have extended our footprint into high‑growth markets outside London and reflect our focus on entering new markets by acquiring leading agents that act as platforms for further organic and acquisitive growth,” he says.
“Our acquisition strategy is driven by the highly fragmented nature of the UK estate agency market, which creates attractive consolidation opportunities where our technology, brand and operating model can add real value. We have a strong pipeline of opportunities and are well positioned to build on our recent acquisitions.”
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TagsFoxtons 5th Mar 20260 699 1 minute read David Callaghan Share Facebook X LinkedIn Share via Email
