First Property Group plc AIM:FPO
- Incorporated
- United Kingdom
- Chief executive
- Ben Habib
- Employees
- 41
- Reports in
- GBP
- Companies House
- 02967020
Read straight from the annual reports
15.4p at close on 5 Oct 2026 · 12 reported years, 2015–2026
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
12 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
— annual report
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Rental income from directly-owned Group Properties
Rental income £4.008m (2025: £3.578m), increased mainly by new lease agreements at Blue Tower, partly offset by loss of revenue from two directly held properties (Dr Felix and Gdynia).
page 13Service charge income
Service charge income £1.605m in FY2026 (FY2025: £1.712m per segment note); rental and service charge income together £5.61m.
page 48Improved rental income and lower overheads at Blue Tower
Underlying profitability improved by about £650,000 per annum, mainly from increased contribution from directly-owned Blue Tower and lower overheads from prior-year cost saving measures; operating expenses flat at £4.38m.
page 13Gains on disposals and deconsolidation
Profit on sale of trading property £0.91m, sale of Dr Felix investment property £0.27m and Gdynia deconsolidation gain £0.15m contributed to FY2026 profit; these are one-off and not in underlying profit (underlying PBT £1.65m).
page 48Chief Executive: a further significant improvement in the performance of the Group and reinstatement of the dividend; 'The economy and markets remain challenging, but we are identifying some interesting deals and taking the opportunity to buy them where possible', supported by nearly £7 million in Group cash and access to third-party capital from long-term clients. 'Our outlook is therefore positive.'
page 6UK Pension Property Portfolio LP (UK PPP) wound up in June 2026 (fund table footnote); remaining balances of investment revaluation reserve to be recycled to retained earnings.
page 11Directors resolved a final dividend of 0.25p per share (2025: nil), subject to AGM approval on 24 September 2026, payable 29 September 2026 to holders on the register at close of business 28 August 2026; ex-dividend 27 August 2026. Dividends were not paid in FY2026 interim or FY2025 final. No numerical payout policy is stated; five-year summary shows dividend cover of 7.2x for 2026.
page 6Going concern basis adopted; auditor Cooper Parry Group Limited (Justine Hughes, senior statutory auditor) concluded no material uncertainty and the going concern basis appropriate for at least 12 months. Opinion is unmodified (gives a true and fair view of Group and parent). Key audit matters: revenue recognition (including performance fees), carrying valuation of investment properties including those held by associates, and related party transactions. Group materiality £0.7m (1% of gross assets).
page 29- Economic slowdown in UK and Poland reducing commercial property values and rents, with tenant ability to pay rent affectedp.17
- Resumption of interest rate tightening in the EU (ECB raised deposit rate to 2.25%) increasing debt costs and risking DSCR covenant breaches requiring additional fundsp.17
- Weakening of EUR and PLN against GBP reducing reported profits as Group Properties income is converted to sterlingp.17
- Geopolitical instability, Ukraine and Middle East conflicts and tariff tensions affecting confidence, energy supply and central bank policyp.17
Read from C000476-AR-2026-ch.
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Sources: Companies House (11)
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