LSL Property Services Announces Strong Financial Performance for 2025
Newcastle-based property services group LSL has reported robust trading results for the full year 2025, with significant increases in both revenue and operating profit. The company, which operates well-known brands such as Your Move, Reeds Rains, and e.surv Chartered Surveyors, highlighted its strong market share across all divisions during a year of building momentum.
Financial Highlights and Division Performance
LSL's full-year revenue rose by 6% to £182.9 million, while operating profit increased by 3% to £22.6 million. The group maintained a solid market position in its three core divisions: financial services, surveying and valuation, and estate agency franchising.
Surveying and Valuation Division: This segment saw a notable 10% growth compared to 2024, driven by a 9% increase in jobs performed and a 1% rise in income per job.
Financial Services Division: Revenue remained broadly stable at £48.8 million, slightly up from £48.4 million in 2024.
Estate Agency Franchising Division: Despite a 10% increase in residential sales growth, revenue in this division fell by 2% to £26.5 million. This decrease was attributed to the Ministry of Defence's decision to bring a significant contract in-house, affecting the LSL Land and New Homes business.
Strategic Initiatives and Future Outlook
LSL emphasized its commitment to supporting franchisee growth, including providing loans for lettings book acquisitions. In 2025, loans facilitated the acquisition of ten lettings books, adding 1,400 properties to the portfolio. The estate agency franchise business delivered a robust residential sales performance, with sales-related royalties increasing by 12% year-on-year in a market that grew by 10%.
The company completed a £7 million share buy-back programme and launched an enlarged £12 million programme in January 2026. Group underlying operating profit, excluding exceptional items and other adjustments, reached £32.6 million, up 17%, which included over £1 million in National Insurance Contribution tax increases.
Adam Castleton, Group Chief Executive of LSL, stated: "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. 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."
Looking ahead, LSL expressed confidence in boosting profits further in 2026, despite an uncertain market outlook, noting that trading in 2026 has been in line with expectations.
