HMLH.L Regulatory News (HMLH)

HML HOLDINGS Plc

("HML")

HALF YEAR RESULTS

HML Holdings Plc (AIM: HMLH), the property management services group, today announces its interim results for the six months to 30 September 2015.

Highlights for the six month period:

· Revenue up 8% to £9.0 million (2014: £8.3 million)

· 3% increase in profit from operations before interest, amortisation and share based payment charges to £815,000 (2014: £795,000)

· Successful integration of new acquisitions

· Basic earnings per share 1.3p (2014: 1.3p)

Commenting on the results, Robert Plumb, Chief Executive of HML, said:

"Despite having incurred some one-off restructuring costs, we have made good progress growing our new business and portfolio acquisition pipelines and we look forward to the benefit this investment will yield".

For further information:

HML Holdings Plc Tel: 020 8439 8529

Robert Plumb, Chief Executive Officer

James Howgego, Chief Financial Officer

Tavistock Tel: 020 7920 3150

Jeremy Carey

James Verstringhe

FinnCap Tel: 020 7220 0500

Jonny Franklin-Adams/Giles Rolls - Corporate Finance

Mia Gardner - Corporate Broking

HML HOLDINGS PLC

STRATEGIC REPORT

CHAIRMAN'S & CHIEF EXECUTIVE'S REPORT

We are pleased to report growth in revenues to £9.0m for the 6 months to 30 September 2015. This represents an 8% increase on the equivalent period last year (2014: £8.3m). Earnings before interest, share-based payments, amortisation and tax grew by 3% to £815,000 (2014: £795,000). Properties under management increased by 6% (12% annualised) to 54,000 units with over 50% of this increase arising from organic growth.

Additional re-structuring costs and lower transactional fees in the first quarter of the year were two of the contributors to a decline in gross margin during this six month period. Our professional division, in particular, incurred additional restructuring costs due to the relocation of surveyors from our head office in Richmond to the offices of our property management businesses. While we are confident of the positive impact the new structure will have on professional fees in the second half of the year, the changes led to a lower contribution from this division during the first six months of the year.

While our property management businesses have enjoyed a strong 11% growth in management fees, transactional income in the first half of the year was lower than anticipated. In particular pre-contract enquiry fees in the first quarter were below their seasonal norms as property sale volumes reduced in the lead up to the general election. We are pleased to report a steady recovery in these revenues in the second quarter and we anticipate this improvement will continue in the second half of the year.

New business volumes were up more than 80% compared to the equivalent period last year with a strong contribution coming from new-build estates in areas outside of London. Whilst we have incurred recruitment and infrastructure costs in securing this additional growth we anticipate the flow of new business will continue to improve. Our pipeline of confirmed management instructions was £1m (in annualised management fees) at 30 September 2015 which is equivalent to double the level in September 2014.

Alexander Bonhill has again performed well with a 9% growth in revenues from insurance brokerage. We are pleased with our ability to assimilate our acquisition portfolios as well as converting new business opportunities as they arise. The insurance underwriting markets in the property sector remain attractive and we continue to be able to offer our clients competitive premiums.

We were pleased to welcome a new acquisition, Castle Wildish Property Management, to the HML group in September. The business provides us with significant additional coverage in the Surrey and South West London regions. We anticipate retaining the office in Walton on Thames to build a stronger presence in this geographical area. We expect that the growing need for regulatory compliance in the residential property management sector will continue to generate acquisition opportunities for the group.

HML remains confident that the investments we have made, and are continuing to make, in our infrastructure will yield further improvements in revenues and earnings.

Robert Plumb Richard Smith

Chief Executive Officer Chairman

13 November 2015

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

COMPANY NUMBER: 5728008

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF CASH FLOWS

HML HOLDINGS PLC

NOTES TO THE ACCOUNTS

1. General Information

The interim unaudited financial information was approved by the board on 13 November 2015.

The results for the year ended 31 March 2015 have been audited whilst the results for the six months ended 30 September 2014 and 30 September 2015 are unaudited. The financial information contained in this interim report does not constitute statutory accounts for that period. The statutory accounts for the previous year, which were prepared under International Financial Reporting Standards ('IFRS'), have been delivered to the Registrar of Companies. The auditor's opinion on those accounts was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under section 498 (2) or 498 (3) of the Companies Act 2006.

Copies of the interim report are available from www.hmlholdings.com or from the Company Secretary at HML Holdings plc, 9-11 The Quadrant, Richmond, Surrey, TW9 1BP.

2. International Financial Reporting Standards

The consolidated financial information has been prepared using accounting policies consistent with IFRS as adopted by the European Union applied in accordance with the provisions of the Companies Act 2006.

The accounting policies applied are consistent with those of the audited annual financial statements for the year ended 31 March 2015 and expected to apply for the year ended 31 March 2016.

Whilst the financial figures included in this interim report have been computed in accordance with IFRS, this interim report does not contain sufficient information to constitute an interim financial report as that term is defined in IAS 34.

3. Taxation

Taxation for the six months to 30 September 2015 is based on the effective rate of taxation which is estimated to apply for the year ending 31 March 2016.