REG - First Property Group - Trading Update

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RNS Number : 2901A  First Property Group PLC  14 April 2026

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION PURSUANT TO ARTICLE 7 OF EU REGULATION 596/2014
AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

 Date:          14 April 2026
 On behalf of:  First Property Group plc ("First Property", the "Company" or the "Group")
 Embargoed:     07.00 am

 

First Property Group plc

 

Trading Update

 

First Property Group plc (AIM: FPO), the property fund manager and investor,
is pleased to provide a trading update for the year ended 31 March 2026.

 

The Board expects the Group's profit before tax (on an unadjusted basis) for
the year to exceed current market expectations.

 

Despite ongoing volatility in the property markets, the Group has had a
successful year.

 

The Group benefitted from one off profits made on the disposal of two directly
owned properties, one in the United Kingdom and one in Romania, as well as
increased contributions from its investment in associates.

 

On an underlying basis and assuming no movement in the value of properties
held, the Group continues to trade profitably.

 

The Group continues to navigate the challenges facing investors in commercial
property.

 

A strengthened balance sheet with underlying profitability positions the Group
well for making opportunistic investments along with the funds it manages.

 

The Group is expected to announce its results for the year ended 31 March 2026
on 25 June 2026.

 

- ENDS -

 

For further information please contact:

 

 First Property Group plc                                      Tel: +44 (20) 7340 0270
 Ben Habib (Chief Executive Officer)                           investor.relations@fprop.com (mailto:investor.relations@fprop.com)

 Laura Howarth (Group Finance Director)

 Jeremy Barkes (Director, Business Development)

 Jill Aubrey (Director, Compliance & Company Secretary)

 Allenby Capital (Nominated Adviser & Broker)                  Tel: + 44 (20) 3328 5656
 Nick Naylor (Corporate Finance)

 Amrit Nahal/Tony Quirke (Sales and Corporate Broking)

Notes to Investors and Editors:

 

First Property Group plc is a property fund manager and investor with
operations in the United Kingdom and Central Europe. Its focus is on higher
yielding commercial property with sustainable cash flows.

 

The Company is flexible and takes an active approach to asset management. Its
earnings are derived from:

 

·         Fund management - via its FCA regulated and AIFMD approved
subsidiary, First Property Asset Management Ltd ("FPAM"), which earns fees
from investing for third parties in property. FPAM currently manages eleven
funds which are invested across the United Kingdom, Poland and Romania.

 

·         Group properties - principal investments by the Group to
earn a return on its own capital, usually in partnership with third parties.
Investments comprise five directly held properties in Poland, and
non-controlling interests in nine of the eleven funds managed by FPAM.

 

Quoted on AIM, the Company has offices in London and Warsaw. Further
information about the Company and its properties can be found at:
www.fprop.com (http://www.fprop.com) . To receive RNS alerts by email please
subscribe here
(https://sirius.brighterir.com/public/fprop/news_alerts/email_alerts/register)
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