UK's Panther Securities H1 profit falls on absence of revaluation gains

By Reuters News


Overview

  • UK property investment firm's interim revenue rose slightly yr/yr despite property disposals

  • Net income fell yr/yr, reflecting absence of property revaluation gains in 2026 period

  • Operating profit before revaluations and other items increased, aided by lower bad debts


Outlook

  • Company says economic and political background remains uncertain, with rising costs for tenants

  • Panther Securities highlights strong liquidity and substantial unutilised banking facilities

  • Company is actively considering property acquisitions but will invest only where returns justify risks


Result Drivers

  • RENTAL INCOME MAINTAINED - Co said rental income was maintained and slightly increased despite property disposals

  • LOWER BAD DEBTS - Co attributed improved operating profit to reduced bad debt charges

  • REDUCED INTEREST COSTS - Co said net interest costs improved mainly due to lower borrowings


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

GBP 7.41 mln

H1 Net Income

GBP 2.58 mln

H1 EBIT

GBP 3.77 mln

H1 Gross Profit

GBP 4.48 mln

H1 Pretax Profit

GBP 3.35 mln


Reuters Recommended Reads

  • Sept 22 - UK land developer Henry Boot's H1 revenue falls; says volumes to remain subdued for rest of 2026

  • Sept 20 - UK property asking prices rise for first time since May, Rightmove says


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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