No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Mortgage Advice Bureau reported strong revenue and earnings growth in 2025, underpinned by higher adviser productivity and increased mortgage activity, as the UK intermediary said it entered 2026 with solid momentum.
The AIM-traded group said revenue rose 19.6% to 318.8m for the year ended 31 December, up from 266.5m in 2024, while gross profit increased 19.5% to 91.9m, with the margin broadly stable at 28.8%.
Adjusted profit before tax grew 13.3% to 36.3m, although the margin edged lower to 11.4%, reflecting continued investment in the platform and business expansion.
Statutory profit before tax declined 3.4% to 22.1m, while basic earnings per share fell 5.8% to 26.0p. However, adjusted diluted earnings per share increased 13.5% to 44.5p.
The group maintained strong cash generation, with adjusted cash conversion at 121%, and reduced net debt to 3.3m from 9.7m, with leverage improving to 0.1x.
Its board proposed a final dividend of 15.3p per share, up 3.4% year-on-year.
Operationally, Mortgage Advice Bureau delivered growth across key metrics, with mainstream adviser numbers rising 10% to 2,135 and revenue per adviser increasing 13% to 157,000.
The group's market share of new mortgage lending remained stable at 8.4%, while its share of product transfers increased to 3.0% from 2.7%.
Total mortgage completions rose 23% to 32.0bn, outperforming overall market growth of 19%, as refinancing activity accelerated. Remortgage and product transfer volumes increased 26%, ahead of the wider market, supported by improved customer retention and targeted conversion initiatives.
"2025 was another year of strong performance for MAB, keeping us firmly on track to deliver our five-year growth plan," said chief executive Peter Brodnicki.
He added that the group's strategy had strengthened its position in the intermediary market.
"MAB has become uniquely positioned in the intermediary and mortgage sectors as a result of executing a very deliberate strategy to build a specialist network with customer acquisition at the heart of the model."
Brodnicki highlighted the growing role of technology and data.
"We're now starting to leverage data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers and unlock significantly more lead flow."
The company said it continued to invest in its technology platform, automation and artificial intelligence to improve adviser productivity, customer engagement and retention, while expanding its reach through partnerships with estate agents, digital platforms and data providers.
Looking ahead, Mortgage Advice Bureau said it had started 2026 with good momentum, with mortgage applications up 13% year-on-year in the first quarter to date.
The group expected refinancing volumes to remain a key driver of growth, supported by a higher volume of fixed-rate mortgage maturities.
It also confirmed plans to move to the Main Market of the London Stock Exchange in the second quarter, subject to regulatory approval, which it said would broaden its investor base and enhance its market profile.
Brodnicki said the group remained well positioned to capitalise on structural opportunities in the UK mortgage and protection markets, adding that its combination of technology, data and adviser-led services would support "sustainable long-term growth" and enable it to "shape where [the market] goes next."
At 1229 GMT, shares in Mortgage Advice Bureau Holdings were up 1.31% at 549.09p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate