LSL Residential or commercial property Solutions has reported underlying operating profit of ₤ 32.6 million for the year ending 31 December 2025, representing a 17% increase from ₤ 27.8 million in the previous year. The business’s underlying operating margin reached 18%, compared to 16% in 2024.
Group earnings rose 6% to ₤ 182.9 million from ₤ 173.3 million, with the business maintaining market share across its 3 departments. Operating revenue increased 3% to ₤ 22.6 million after accounting for exceptional expenses of ₤ 5.1 million.
Financial performance
The business produced changed operating capital of ₤ 29.8 million with 91% cash conversion. Return on capital used increased to 35% from 32% the previous year. Net cash stood at ₤ 27.8 million at 31 December 2025, down from ₤ 32.4 million at the end of 2024.
LSL kept its full-year dividend at 11.4 pence per share. The company completed a ₤ 7 million share buyback programme and launched an expanded ₤ 12 million programme in January 2026. Total shareholder returns through dividends and buybacks reached ₤ 16.8 million, up from ₤ 12.6 million in 2024.
Divisional advancements
The Financial Solutions Department increased its share of the UK purchase and remortgage market to 12.0% from 11.8%. The Surveying & Evaluation Department tape-recorded business-to-consumer earnings development of 16%. The company signed its very first Automated Appraisal Model agreement with a major UK loan provider.
The Estate Company Franchising Department completed 10 lettings book acquisitions and opened six new branches. In January 2026, LSL got National Browse Service, a home search business, which is anticipated to be incomes accretive in its very first year.
Central costs reduced to ₤ 10.2 million from ₤ 11.1 million. Worker engagement levels rose to 77% from 73%.
Outlook
Adam Castleton, Group Chief Executive, specified: “Trading in 2026 has been in line with our expectations.” The business said it anticipates to provide more revenue development in 2026, with trading throughout its organizations performing in line with expectations considering that the year end.
The Critical Growth joint venture has actually finished 24 acquisitions and protected external financial obligation funding, paying back investor loans without any expected requirement for more shareholder investment.