Panther Securities plc
Panther Securities P.L.C. is a UK property investment and development company quoted on AIM, first listed in 1934. The Group owns and manages a diversified portfolio of commercial (secondary retail, industrial, office) and residential property throughout the United Kingdom, comprising approximately 900 individual occupational units across around 120 separately designated buildings. Asset management, property management and lettings are undertaken predominantly in-house, with a strategy of active management, refurbishment and selective capital recycling to enhance shareholder value.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 13 May 2026 · 78 pages · Companies House
Panther Securities, a UK property company that owns and lets around 900 units, from shops and factories to offices and homes, reported revenue of £14.8m for 2025, down from £15.0m the year before. Profit before tax fell from £8.7m to £5.6m.
The report says rental income edged up thanks to new lettings, rent reviews and lease renewals. Interest costs were lower after debt was paid down, and bad debts fell. Profit also includes items that swing from year to year: a rise in the value of its properties, gains from selling buildings, and a loss on contracts that fix its interest rates.
Cash at the year end was £5.9m, and borrowings fell to £56.5m. No money was raised from shareholders. The dividend for the year rose to 22p a share from 12p, including a special one-off payment. Directors said they hope rental growth continues and at worst expect to maintain income, while warning of mainly negative economic head-winds. The auditor gave a clean opinion, and the directors found no doubt about the company's ability to keep going.
Lettings activity, rent reviews and lease renewals across the portfolio
Rental income increased to £14.85m (2024: £14.66m), reflecting lettings activity, rent reviews, lease renewals and continued active management
page 11Lower interest costs following de-gearing and reduced bank margins post March 2024 refinance
Interest costs approximately £500,000 lower in 2025 than 2024 due to significant de-gearing at the beginning of 2025 and lower loan margins for the whole of 2025
page 6Our medium term trends still show we are experiencing rental growth, some from renting long-term vacant properties and the rest from improved rental terms; going forward over the next few years we hope this continues, but at worst we should be able to maintain income
page 12Final dividend of 6p per share proposed for FY2025 (payable 15 July 2026), following a 6p interim and 10p special dividend both paid 29 October 2025; total FY2025 dividend 22p per share. Board aims to maintain a sustainable and appropriate level of dividend cover, which has historically not decreased, with special dividends normally used to reflect exceptional years
page 2411 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
5 figures restated in a later report
Every figure is read again from the following year’s report: 333 confirmed, 13 differ, 5 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
5 more figures were restated in FY2015 to FY2022, which a free account opens.