Town Centre Securities

TOWN · Main Market · Real Estate · mcap £50m · 125.0p

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Financials · LTM to 31 Dec 25

Source: results 26 Mar 26 ↗

Revenue: £33.2m
Operating profit: £2.6m
Net income: −£5.8m
Free cash flow: £1.3m
Net cash: £26.5m
Market cap: £52.7m
EV / EBIT: 7.6×
FCF yield: +2.5%
Price / book: 0.5×

Latest half-year · H1 Dec 25 vs H1 Dec 24 results 26 Mar 26 ↗

Revenue: £17.2m
Operating profit: £3.5m
Net income: −£1.4m
Cash from operations: £3.4m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 Dec 25 (six months to 31 Dec 25), published 26 Mar 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Dec 25	FY Jun 25	FY Jun 24
Revenue	33.2	32.7	32.0
Operating profit	2.6	6.3	(4.0)
Finance costs	(7.6)	(7.4)	(7.3)
Profit before tax	(4.9)	(1.1)	(11.2)
Tax	(0.9)	(2.4)	3.3
Net income (owners)	(5.8)	(3.4)	(7.8)
EPS basic	(13.7p)	(8.2p)	(17.5p)
EPS diluted	(13.7p)	(8.2p)	(17.5p)

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue	17.2	+3%	16.0	16.6
Operating profit	3.5	−51%	(0.9)	7.2
Finance costs	(3.9)	+4%	(3.7)	(3.7)
Profit before tax	(0.3)	n/m	(4.6)	3.6
Tax	(1.0)	−59%	0.2	(2.6)
Net income (owners)	(1.4)	n/m	(4.4)	1.0
EPS basic	(3.2p)	–	(10.5p)	2.3p
EPS diluted	(3.2p)	–	(10.5p)	2.3p
Dividend per share	2.5p	–	–	2.5p

	LTM Dec 25	FY Jun 25	FY Jun 24
Cash from operations	3.7	3.2	6.6
Interest paid	(6.3)	(6.2)	(6.0)
Tax paid	(0.1)	(0.1)	–
Capex (PP&E)	(0.6)	(0.6)	(0.5)
Lease principal paid	(1.8)	(1.8)	(1.7)
Dividends paid	(1.1)	(1.1)	(4.2)
Share buybacks	–	–	(9.4)

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Cash from operations	3.4	+14%	0.3	3.0
Interest paid	(3.3)	+5%	(3.1)	(3.1)
Tax paid	(0.0)	n/m	(0.1)	0.0
Capex (PP&E)	(0.2)	−25%	(0.4)	(0.3)
Lease principal paid	(0.9)	+2%	(0.9)	(0.8)
Dividends paid	0.0	n/m	(1.1)	0.0

	Latest Dec 25	FY Jun 25	FY Jun 24	FY Jun 23
Goodwill	2.3	2.4	2.9	3.7
Investment property	189.0	183.1	181.0	183.8
Associates & JVs	6.1	5.6	4.8	7.1
Other investments	7.0	3.3	–	–
Trade receivables	4.6	3.8	4.0	3.3
Cash	26.5	18.0	22.2	23.3
Current assets	31.1	21.8	29.3	33.0
Total assets	297.8	281.4	294.3	307.7
Trade payables	13.6	11.2	13.4	12.4
Current liabilities	46.5	42.2	36.0	38.8
Total liabilities	188.9	169.1	176.9	169.0
Total equity	108.9	112.3	117.4	138.7
Undrawn facilities	–	24.6	20.4	–

	H1 Dec 25	H2 Jun 25	H1 Dec 24	H2 Jun 24	H2 Jun 23
Goodwill	2.3	2.4	3.3	2.9	3.7
Investment property	189.0	183.1	183.1	181.0	183.8
Associates & JVs	6.1	5.6	5.2	4.8	7.1
Other investments	7.0	3.3	3.6	–	–
Trade receivables	4.6	3.8	4.0	4.0	3.3
Cash	26.5	18.0	24.8	22.2	23.3
Current assets	31.1	21.8	28.8	29.3	33.0
Total assets	297.8	281.4	291.4	294.3	307.7
Trade payables	13.6	11.2	12.7	13.4	12.4
Current liabilities	46.5	42.2	38.8	36.0	38.8
Total liabilities	188.9	169.1	173.4	176.9	169.0
Total equity	108.9	112.3	118.0	117.4	138.7
Undrawn facilities	–	24.6	–	20.4	–

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.