Savills plc today announces its unaudited results for the six months ended 30 June 2025.
Summary results:
|
|
H1 2025 |
H1 2024 |
Change |
|
Revenue |
£1,127.8m |
£1,063.2m |
6% |
|
Underlying profit before tax* |
£23.3m |
£21.2m |
10% |
|
Reported profit before tax |
£15.8m |
£8.9m |
78% |
|
Underlying basic earnings per share* |
11.7p |
12.1p |
(3%) |
|
Reported basic earnings per share |
6.8p |
6.1p |
11% |
|
Interim dividend |
7.4p |
7.1p |
4% |
|
Net (debt)/cash** |
(£16.5m) |
£34.0m |
n/a |
** Net cash reflects cash and cash equivalents net of borrowings and overdrafts in the notional pooling arrangement.
Key highlights:
- Group revenue up 6% (EMEA up 9%, APAC up 5%, North America down 6%) driving underlying profit growth of 10%
- Transaction Advisory revenue up 2%, reflecting strong recovery in Q1 which slowed in Q2 as a result of economic and trade policy uncertainty
- Strong commercial pipelines in place for H2 and beyond
- Less transactional businesses performed well with revenue up 8% in aggregate
- Consultancy revenue up 20%, Property and Facilities Management revenue up 5%
- Savills Investment Management revenue down 6% (AUM stable)
Commenting on the results, Mark Ridley, Group Chief Executive of Savills plc, said:
“The year started well with Q1 performance comfortably ahead of the prior year, reflecting progressive recovery in most markets. Q2 saw a slowing of transactional activity as occupiers and investors digested the implications of tariffs and geopolitical events. Our performance reflects the geographic weighting of our capital markets business towards EMEA and Asia Pacific with our exposure to the recovery seen in capital market transactions in North America relatively low. On the basis of ever stronger transactional pipelines, we believe the slow-down in our core markets will prove to be temporary and I am delighted with the performance of our teams worldwide in helping clients navigate these changing dynamics.
Our less transactional businesses continue to provide a solid platform for the Group with a resilient earnings stream. The Group’s strong balance sheet allows us to pursue business development opportunities in anticipation of market improvement to come. Our expectations for the year remain unchanged although the final outturn will clearly depend upon the pace at which our strong pipelines unlock through the second half of the year.”