‘Markets are evolving, and so are we. 2025 has been a year of significant activity for the group’
Property services firm LSL has highlighted strong market share after seeing its full year revenue and profits rise. The Newcastle-based group – whose brands include estate agents Your Move, Reeds Rains, and e.surv Chartered Surveyors – has published results for 2025, showing a 6% rise in revenue to £182.9m and a 3% rise in operating profit to £22.6m.
The group, which includes mortgage intermediaries, estate agency franchisees, and valuation services for lenders, said it maintained strong market share in all three of its divisions of financial services, surveying and valuation, and estate agency franchising in a year in which it said it has “building momentum”.
In a breakdown of performance LSL, which has 62 estate agency franchisees operating 293 branches, said its surveying and valuation division increased by 10% compared to 2024, as a result of a 9% increase in jobs performed and 1% increase in income per job. Its financial services division remained broadly flat with revenue of £48.8m compared to the 2024 figure of £48.4m.
Meanwhile, its estate agency franchising division fell by 2% to £26.5m, despite seeing an increase of 10% in residential sales growth.
In its Stock Market note to shareholders, directors said: “The Estate Agency Franchise business revenue was £26.5m, with the decrease entirely due to the LSL Land and New Homes business, due to the Ministry of Defence’s decision to bring a significant contract back in house.
“Supporting the growth of franchisees is of paramount importance, including the provision of loans to facilitate letting book acquisitions. In 2025, loans were granted enabling the acquisition of ten lettings books, adding 1,400 properties to the lettings portfolio. The Estate Agency Franchise business continued to deliver a robust residential sales performance, with sales related royalties increasing 12% year-on-year in a market which increased by 10%.”
Looking ahead, LSL said it is confident it will boost profits further in 2026, despite the uncertain market outlook.
It said group underlying operating profit – excluding exceptional items, contingent consideration assets and liabilities, amortisation of intangible assets, share-based payments and other sources of earnings from joint venture – were £32.6m, up 17%, which included over £1m of National Insurance Contribution tax increases.
The company’s £7m share buy-back programme has been completed and a newly-enlarged £12m share buy-back programme was launched in January.
Adam Castleton, group chief executive of LSL, said: “2025 has been a year of strong delivery and building momentum for LSL. We improved profitability across each division, achieved record margins and generated strong cash, while continuing to invest for future growth.
“Markets are evolving, and so are we. 2025 has been a year of significant activity for the group. We are focused on disciplined execution and converting the scale and capability of the group into sustained profit growth and continued high returns on capital. Trading in 2026 has been in line with our expectations.”
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