LSL Property Services starts new buyback amid positive start to 2026

(Alliance News) - LSL Property Services PLC on Tuesday announced a new GBP12 million share buyback as it reported 2025 trading in line with expectations.

The Newcastle-upon-Tyne, England-based provider of services to mortgage intermediaries and franchised estate agencies said revenue rose 5.7% in 2025 to GBP183 million from GBP173.2 million in 2024.

Underlying operating profit is expected to increase by over 15% from GBP27.7 million the prior year, with second half profit up by around 30%.

Underlying operating margin increased to a record high of 18% from 16% in 2024, while net cash ticked up to GBP27.8 million from GBP22.0 million at June 30.

LSL said all three divisions delivered improved underlying operating profit while central costs were reduced year-on-year.

"Against a mixed market backdrop, the group continues to make positive progress, benefiting from its capital-light, structurally higher-margin business model and a sustained focus on operational improvement, cost discipline and disciplined growth opportunities," the firm added.

Looking ahead, LSL said 2026 has seen a "positive" start to trading, with the refinancing tailwind seen in the second half of 2025 continuing into the new year, supporting both its Financial Services and S&V divisions.

"Overall, the board expects another year of profit growth in 2026 and ongoing strong cash conversion," it added.

The firm expects the GBP12 million buyback to be completed by January 26, 2027.

Shares in LSL Property Services jumped 6.9% to 269.35 pence each in London on Tuesday.

By Jeremy Cutler, Alliance News reporter

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