Property Franchise Group Revenue Rises 7% to £43.3M in H1 2026

The Property Franchise Group (TPFG) reported record financial results for the first half of 2026, with revenue rising 7% year-over-year to £43.3 million. The performance highlights the stability of the company’s diversified, lettings-focused model, which has allowed it to sustain growth despite a slowdown in the UK housing sales market.

Adjusted profit before tax also saw a 7% increase, reaching £15.5 million for the period. These results arrive as the firm navigates regulatory changes and integrates new technology into its franchise network.

"This has been another record first half for the Group, delivered in a subdued sales market, demonstrating the resilience of our diversified franchise model," said Gareth Samples, Chief Executive Officer of TPFG, in a statement.

Impact of the Renters' Rights Act

While the group’s financial metrics showed growth, the company’s managed property portfolio experienced a slight contraction. The portfolio currently stands at 149,000 properties, down from 150,000 in the first half of 2025. According to the company’s interim results report, this decline is attributed to landlord uncertainty following the implementation of the Renters’ Rights Act. The legislation introduces new tenant protections and modifies possession proceedings, leading some property owners to reconsider their market participation.

AI Product Rollout

To counter market challenges, TPFG has begun the commercial deployment of its first AI-enabled products. These tools are designed to automate administrative tasks and improve operational efficiency across the firm’s franchise base.

Initial testing and implementation involved 14 franchisees. Following this pilot phase, the company plans to scale the rollout to between 100 and 200 franchisees within the coming weeks as part of a push to modernize its service delivery.

Market Context and Outlook

TPFG’s business model relies on recurring revenue streams from lettings, which have provided a buffer against the volatility associated with UK property sales. By focusing on property management and franchise fees rather than transaction-based commissions, the firm has maintained profitability even as macroeconomic factors weigh on homebuyer sentiment. The firm’s ability to maintain its profit margins while absorbing the costs of its digital transformation strategy remains a focus for stakeholders monitoring the company's growth.