Sparks - Foxtons Group

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Foxtons Group (LSE: FOXT) – Q1 revenue up 24% driven by Sales activity

Foxtons Group’s Q1 group revenue increased by 24% to £44.1m, with Sales being the primary driver, supported by more modest growth in Lettings and Financial Services. The largest division, Lettings, grew revenue by 5% (or £1.3m) to £25.2m, mainly due to the inclusion of the October 2024 acquisitions. The Sales division increased revenue by 73% (or £6.9m), largely driven by organic growth with some benefit from M&A. The Financial Services division increased revenue by 7%, supported by the new purchase revenue, though partially offset by lower refinance activity.

The 31 March Stamp Duty change has caused market volatility, and Foxtons Group expects full-year trading to be in line with management’s expectations. Foxtons is hosting a capital markets day on 4 June to set out its strategy for group growth.

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23.04.25

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