LSL Property Services
LSL · Main Market · Real Estate · mcap £242m · 264.0p
Financials · LTM to 30 Jun 26
Source: results 15 Sep 26 ↗
- Revenue
- £186m
- Operating profit
- £24.1m
- Net income
- £17.4m
- Free cash flow
- £18.2m
- Net cash
- £53.9m
- Market cap
- £278m
- EV / EBIT
- 8.5×
- FCF yield
- +6.5%
- Price / book
- 3.5×
Latest half-year · H1 26 vs H1 25
results 15 Sep 26 ↗
- Revenue
- £92.3m +3%
- Operating profit
- £12.5m +14%
- Net income
- £8.6m +5%
- Cash from operations
- £4.5m +63%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 26 (six months to 30 Jun 26), published 15 Sep 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Jun 26 | FY 25 | FY 24 | |
|---|---|---|---|
| Revenue | 185.6 | 182.9 | 173.3 |
| Adjusted operating profit | – | 32.6 | 27.8 |
| Exceptional / adjusting items | – | (5.1) | – |
| Operating profit | 24.1 | 22.6 | 21.9 |
| Amortisation | 2.9 | 3.0 | 3.0 |
| Share-based payments | (0.3) | 1.6 | 0.9 |
| Finance costs | (2.6) | (1.9) | (1.7) |
| Profit before tax | 23.8 | 23.1 | 22.5 |
| Tax | (6.8) | (6.0) | – |
| Net income (owners) | 17.4 | 17.0 | – |
| Discontinued operations | 0.3 | (0.0) | (0.4) |
| Dividend per share | 11.4p | 11.4p | 11.4p |
| H1 26 | vs H1 25 | H2 25 | H1 25 | |
|---|---|---|---|---|
| Revenue | 92.3 | +3% | 93.3 | 89.7 |
| Operating profit | 12.5 | +14% | 11.6 | 10.9 |
| Depreciation (owned assets) | 1.7 | +4% | – | 1.6 |
| Amortisation | (1.6) | +6% | 4.6 | (1.5) |
| Share-based payments | (2.0) | n/m | 1.7 | (0.2) |
| Finance costs | (1.5) | +70% | (1.0) | (0.9) |
| Profit before tax | 12.1 | +7% | 11.8 | 11.3 |
| Tax | (3.7) | +26% | (3.1) | (2.9) |
| Net income (owners) | 8.6 | +5% | 8.8 | 8.2 |
| Discontinued operations | 0.3 | n/m | 0.1 | (0.1) |
| EPS basic | 8.6p | – | – | 8.0p |
| EPS diluted | 8.5p | – | – | 7.9p |
| Dividend per share | 4.0p | – | 7.4p | 4.0p |
| LTM Jun 26 | FY 25 | FY 24 | |
|---|---|---|---|
| Cash from operations | 24.5 | 22.7 | 27.8 |
| Tax paid | (5.2) | (5.0) | (1.8) |
| Capex (PP&E) | (0.6) | (1.2) | (0.9) |
| Capex (intangibles) | (2.7) | (3.1) | (2.1) |
| Lease principal paid | (2.5) | (2.5) | (2.9) |
| Lease interest paid | (0.5) | (0.5) | (0.5) |
| Dividends paid | (11.5) | (11.8) | (11.8) |
| Share buybacks | (8.5) | (5.0) | (0.8) |
| Shares issued | (0.1) | 0.0 | 0.2 |
| H1 26 | vs H1 25 | H2 25 | H1 25 | |
|---|---|---|---|---|
| Cash from operations | 4.5 | +63% | 19.9 | 2.8 |
| Interest paid | (0.3) | +6% | – | (0.2) |
| Tax paid | (3.4) | +7% | (1.8) | (3.1) |
| Capex (PP&E) | (0.3) | −68% | (0.3) | (0.9) |
| Capex (intangibles) | (1.2) | −24% | (1.4) | (1.6) |
| Lease principal paid | (1.2) | 0% | (1.3) | (1.2) |
| Lease interest paid | (0.3) | +6% | (0.3) | (0.2) |
| Dividends paid | (7.4) | −3% | (4.1) | (7.6) |
| Share buybacks | (4.8) | +253% | (3.7) | (1.4) |
| Shares issued | 0.0 | −98% | (0.1) | 0.2 |
| Latest Jun 26 | FY 25 | FY 24 | |
|---|---|---|---|
| Goodwill | 19.1 | 16.9 | 16.9 |
| Other intangibles | 30.6 | 29.9 | 29.9 |
| Property, plant & equipment | 6.7 | 7.7 | 6.4 |
| Associates & JVs | 18.3 | 15.0 | 11.6 |
| Trade receivables | 27.4 | 25.0 | 24.2 |
| Cash | 53.9 | 67.0 | 60.7 |
| Current assets | 84.4 | 108.6 | 100.3 |
| Total assets | 164.5 | 181.0 | 167.1 |
| Trade payables | 31.7 | 36.8 | 37.5 |
| Borrowings, current | – | 39.3 | 28.3 |
| Current liabilities | 71.8 | 87.9 | 77.9 |
| Total liabilities | 84.2 | 99.1 | 86.9 |
| Non-controlling interests | (0.2) | (0.2) | (0.3) |
| Total equity | 80.3 | 81.9 | 80.2 |
| Net cash / (debt) ex leases | 22.0 | 27.8 | 32.4 |
| Undrawn facilities | 60.0 | – | – |
| H1 26 | H2 25 | H1 25 | H2 24 | Q Jan 24 | |
|---|---|---|---|---|---|
| Goodwill | 19.1 | 16.9 | – | 16.9 | 16.9 |
| Other intangibles | 30.6 | 29.9 | – | 29.9 | 21.5 |
| Property, plant & equipment | 6.7 | 7.7 | – | 6.4 | – |
| Associates & JVs | 18.3 | 15.0 | – | 11.6 | 9.4 |
| Trade receivables | 27.4 | 25.0 | – | 24.2 | 22.4 |
| Cash | 53.9 | 67.0 | – | 60.7 | 58.1 |
| Current assets | 84.4 | 108.6 | – | 100.3 | 84.9 |
| Total assets | 164.5 | 181.0 | – | 167.1 | 148.8 |
| Trade payables | 31.7 | 36.8 | – | 37.5 | 31.2 |
| Borrowings, current | – | 39.3 | – | 28.3 | 23.1 |
| Current liabilities | 71.8 | 87.9 | – | 77.9 | 63.6 |
| Total liabilities | 84.2 | 99.1 | – | 86.9 | 74.6 |
| Non-controlling interests | (0.2) | (0.2) | – | (0.3) | (0.3) |
| Total equity | 80.3 | 81.9 | – | 80.2 | 74.2 |
| Net cash / (debt) ex leases | 22.0 | 27.8 | 22.0 | 32.4 | – |
| Undrawn facilities | 60.0 | – | – | – | – |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.