AGM Trading Update

The Board of Christie Group plc ('Christie Group' or the 'Group') , the leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the healthcare, hospitality, leisure, medical, childcare & education and retail sectors is pleased to provide the following trading update for the financial year to date (the five months ended 31 May 2026 or the "Period") in advance of the Group's Annual General Meeting being held at 10.00am today.

Trading update

The Group has continued to see robust levels of demand for its services in the Period, with lender and investor appetite for its chosen sectors remaining resilient.

2026 began with the Group's UK agency pipelines up year-on-year by over 14% in value terms and by 19% in terms of the volume of deals in solicitors' hands. As anticipated, the conversion of the UK agency pipelines into targeted growth in year-on-year invoicing is expected to be more fully realised in the second half of the year after taking into account the impact of slightly extended deal times. We remain encouraged by our performance against a number of the Group's KPIs including new instruction levels, 'deal agreed' volumes, and a normalised level of withdrawn or aborted deals.

Outside the UK, we continue to invest to support our ambitions of developing a broader multi-sector offering in mainland Europe. Invoicing levels across France and Austria for the Period have been broadly consistent with the prior year, while we see increased income potential from a number of mandates in an active hotel market in Spain. Our Healthcare teams in France and Germany are also progressing a number of live instructions.

Divisional highlights

• Following a year of strong growth in 2025, valuation activity in both Christie & Co and Pinders has remained robust into 2026. We continue to see encouraging levels of ongoing demand for both transactional and lending purposes. Valuation and Business Appraisal revenues for the period were over 8% higher than the same period a year earlier.
• Christie Finance, our finance brokerage business, is performing ahead of last year, with fee income 23% higher than the equivalent period in 2025. This reflects the continued availability of affordable lending into our specialist sectors and sustained demand from clients for the range of secured and unsecured lending products we can access for them.
• Christie Insurance, our FCA-regulated insurance brokerage business, has maintained a good level of client retentions, while achieving steadily improving levels of business and life insurance sales. It has continued to expand its sales team during the Period.
• Venners, the Group's market leading hospitality stock audit, compliance and consultancy business, has delivered revenues marginally ahead of the same period in 2025, driven by demand for its core stock audit services and quote conversion level, against a backdrop of continued cost pressures affecting the hospitality sector.

Outlook

Based on anticipated pipeline conversion and deal flow throughout the remainder of 2026, the Group once again anticipates selling in excess of 1,000 businesses in the year. With a strong pipeline of deals due to complete over the coming months, the Group anticipates a second-half weighting to its full year revenue and profits. While the Group remains mindful of ongoing geopolitical uncertainty which is contributing to slightly elongated deal timelines, our activity levels, coupled with continued investor and lender appetite for our sectors underpin the Board's continued confidence in the Group's long-term growth opportunities and delivering a full year performance in line with Board expectations.