Panther Securities annual profit falls despite valuation gains

(Alliance News) - Panther Securities PLC on Thursday reported lower annual profit despite a rise in property valuation gains, while maintaining its final dividend.

The Hertfordshire, England-based property investor said pretax profit for 2025 fell to GBP5.6 million from GBP8.7 million a year earlier, while revenue edged down to GBP14.9 million from GBP15.0 million.

Profit after tax declined to GBP4.3 million from GBP6.7 million.

Panther said results were partly hurt by a GBP1.1 million decline in the valuation of its swap position, compared with a GBP3.3 million gain in 2024.

The group recorded a GBP3.2 million revaluation gain on investment properties, up from GBP1.3 million the year before.

Rents receivable rose to GBP14.9 million from GBP14.7 million, supported by lease renewals, refurbishments and new lettings across several sites, including Wickford, Tenbury Wells and Huntingdon.

Interest costs were around GBP500,000 lower than in 2024, following de-gearing and refinancing completed in March 2024.

Net asset value per share increased to 672p at December 31 from 669p a year earlier.

Panther declared a final dividend of 6p per share, unchanged on-year. This follows a 10p special dividend and a 6p interim dividend paid in October 2025.

Chair Andrew Perloff said the underlying business strength was reflected in "consistent profits, valuation increases and rent increases".

By Eva Castanedo, Alliance News reporter

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