REG - LSL Property Svcs. - AGM Trading Update

LSL Property ServicesAnnouncement

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RNS Number : 4311E  LSL Property Services PLC  15 May 2026

 
15 May 2026

LSL Property Services plc ("LSL" or "Group")

AGM Trading Update

LSL Property Services plc ("LSL"), the leading B2B platform for UK residential
property services, issues the following update ahead of its Annual General
Meeting, to be held at 3pm today at 42 New Broad Street, London, EC2M 1JD.

The Group has continued to deliver strong financial and operational
performance, and we expect to deliver further profit growth in 2026, in line
with market expectations.

We have made a positive start to the year, building on the momentum from 2025.
Despite a backdrop of uncertainty in the financial markets, UK housing
transactions continue to remain stable. The short-term pull-forward of
refinancing activity, seen in March and April following product repricing, has
now moderated.

LSL has continued to trade well, maintaining strong market positions across
each of the core businesses with healthy pipelines. The London market, where
LSL has limited exposure, has shown recent softness.

The regulatory environment continues to evolve in a way that plays to our
strengths. Developments such as the Renters' Rights Act and the ongoing Home
Buying and Selling Reform consultation influence our markets, driving higher
standards and increasing focus on professionalism and transaction efficiency.
With our scale and capabilities across the property and mortgage ecosystem, we
are well positioned to support our partners and benefit from these changes.

Data and technology remain central to how we operate and compete. We continue
to invest in our platforms and capabilities to enhance productivity and
support growth. The roll-out of our broker operating platform is progressing
to plan and will drive improved broker productivity and protection
penetration. In Surveying, having signed our first AVM contract in Q4 last
year, we are actively progressing further opportunities with partners.

We continue to add scale across the Group, with strong progress in our Estate
Agency Franchising business. Year to date, we have supported the purchase of
six lettings books and have opened fourteen new branches. In addition, we have
made a strategic investment in a leading digital conveyancing business to
strengthen our proposition to franchisees and support cross-sell opportunities
across the Group.

Pivotal Growth continues to build momentum, completing further acquisitions
and continues to scale profitably, demonstrating the value of our investment.

We are progressing the enlarged share buy-back programme which we launched in
January.

We are focussed on using the Group's combined capabilities to drive growth and
returns by working more closely across our businesses and we are increasingly
operating as One LSL. We are actively progressing our plans to drive
meaningful cost efficiency and productivity gains.

The Board thanks all colleagues for their continued efforts and support, and
we look forward to providing a further update at our Interim Results in
September.

 

For further information, please contact:

 Adam Castleton, Group Chief Executive Officer
 David Tilak, Group Chief Financial Officer
 LSL Property Services plc                      investorrelations@lslps.co.uk

 Helen Tarbet
 Sophie Wills
 Toto Berger
 Burson Buchanan                                0207 466 5000 / LSL@buchanan.uk.com

 

Notes on LSL

LSL is one of the largest providers of services to mortgage intermediaries and
estate agent franchisees.

Over 2,500 advisers representing over 11% of the total purchase and remortgage
market.

Its 70 estate agency franchisees operate in 305 branches.

LSL is also one of the UK's largest providers of surveying and valuation
services, supplying five out of the six largest lenders in the UK.

For further information please visit LSL's website: lslps.co.uk
(http://www.lslps.co.uk/)

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