First Property Group

FPO · AIM · Financial Services · mcap £23m · 16.0p

First Property Group owns and manages commercial property in the UK and Poland, largely through funds, earning fees and a share of rents and sales. It also invests alongside its funds.

Target	Promise	Said	Status
2024
31 Dec 2024	Blue Tower TV República lease to add about £800,000 a year to profit before tax from December 2024	21 Nov 2024	✓ Kept
	“should contribute some £800,000 per annum to profit before tax from December 2024” How it developed 21 Nov 2024 Said “should contribute some £800,000 per annum to profit before tax from December 2024” 19 Jun 2025 ✓ Kept “The proceeds were used to meet contractual deferred consideration payments of £1.97 million in respect of Blue Tower, an office building located in Warsaw,...” Result FY25 profit rose to £3.03m and later results beat expectations; no shortfall on the lease reported. “The proceeds were used to meet contractual deferred consideration payments of £1.97 million in respect of Blue Tower, an office building located in Warsaw, to fund capital expenditure incentives for tenants of £1.42 million as the Group continues to lease the remaining vacant space in its portfolio”19 Jun 2025 · Final Results
2026
31 Mar 2026	Overhead savings of £650,000 a year, fully felt in year to March 2026	25 Jul 2024	✓ Kept
	How it developed 25 Jul 2024 Said “Full benefit of overhead savings experienced: year to 31 March 2026” 19 Jun 2025 ✓ Kept “Initiated cost savings programme which resulted in annualised cost savings of c.£650,000” Result FY25 results cite annualised cost savings of about £650,000; FY26 profit rose to £3.40m. “Initiated cost savings programme which resulted in annualised cost savings of c.£650,000”19 Jun 2025 · Final Results
31 Mar 2026	Profit recovery sustained through the current financial year (FY26)	24 Sep 2025	✓ Kept
	“We expect this recovery in profits to be sustained for the current financial year.” How it developed 24 Sep 2025 Said “We expect this recovery in profits to be sustained for the current financial year.” 25 Jun 2026 ✓ Kept “Statutory profit before tax for the year up 12.2% to £3.40 million (31 March 2025: £3.03 million).” Result FY26 profit before tax £3.40m versus £3.03m, ahead of expectations per April 2026 update. “Statutory profit before tax for the year up 12.2% to £3.40 million (31 March 2025: £3.03 million).”25 Jun 2026 · Final Results “I am pleased to report a further significant improvement in the performance of the Group.”25 Jun 2026 · Final Results