The Property Franchise Group, the UK’s largest multi-brand property franchisor, has posted record first-half results for 2026. Group turnover rose 7% to £43.3 million, adjusted pre-tax profit climbed 7% to £15.5 million and the interim dividend increased 10% to 7.7p. The AIM-listed group said the performance reflected the resilience of its diversified franchise model in a subdued property market.
The Property Franchise Group (AIM: TPFG) franchises 18 brands, including Belvoir, Martin & Co, EweMove, Hunters and Parkers, across a network of over 1,900 outlets. The group’s managed portfolio stands at around 149,000 properties. Its franchising division generated £24.0 million of turnover in the first half, up 8% year on year and equal to 55% of the group total, with a sales agreed pipeline of £44.6 million heading into the second half.
Franchise model credited for the record half
Gareth Samples, chief executive of The Property Franchise Group, said the half delivered “another record first half for the group, delivered in a subdued sales market, demonstrating the resilience of our diversified franchise model”. The group’s model spans lettings, sales and financial services across its brand portfolio, with recurring management fee income cited as a stabiliser against a slower housing market. Completions across the network were reported up 2.5% year on year.
A multi-brand estate agency network
The group’s estate agency and lettings brands trade locally under their own names while drawing on shared technology, compliance and marketing support from head office, the model on which most UK property franchising operates. One of those brands, Parkers, opened a new franchised office in Basingstoke this week, its third in the town following two earlier agency acquisitions, illustrating how the group grows both by recruiting new franchise partners and by brands expanding through existing ones. The Guild of Property Professionals, a marketing and referral network the group also owns, sits alongside the franchised brands rather than being franchised itself.
Financial services, run alongside the property brands, remains a smaller but growing part of the group’s income, adding a second recurring income stream alongside the management fees the group earns from its franchised offices. Shares in the group are traded on AIM under the ticker TPFG, and the results were released through a regulatory news service announcement rather than a standalone press release, the standard route for a listed company’s financial disclosures.
Good to know
The British Franchise Association’s 2024 National Franchise Survey, its 32nd, put the whole UK franchising sector’s contribution at £19.1 billion across 1,009 systems and 50,421 units, with 89% of franchisees reporting profitability.
What the results signal for the sector
The group’s own description of the sales market as “subdued” sits alongside a rising sales agreed pipeline and a growing franchising division, a combination it presents as evidence that a multi-brand franchise structure can outperform a single-brand estate agency in a slower housing market. The £44.6 million sales agreed pipeline covers offers accepted but not yet exchanged or completed across the network’s brands, giving an indication of turnover likely to convert into the second half rather than a guarantee of it. The group has not published a forecast for full-year results, and any further trading update would ordinarily follow at its next scheduled announcement.
