Panther Securities annual profit falls despite valuation gains
Panther Securities PLC on Thursday reported lower annual profit despite a rise in property valuation gains, while maintaining its final dividend.
The Hertfordshire, England-based property investor said pretax profit for 2025 fell to £5.6 million from £8.7 million a year earlier, while revenue edged down to £14.9 million from £15.0 million.
Profit after tax declined to £4.3 million from £6.7 million.
Panther said results were partly hurt by a £1.1 million decline in the valuation of its swap position, compared with a £3.3 million gain in 2024.
The group recorded a £3.2 million revaluation gain on investment properties, up from £1.3 million the year before.
Rents receivable rose to £14.9 million from £14.7 million, supported by lease renewals, refurbishments and new lettings across several sites, including Wickford, Tenbury Wells and Huntingdon.
Interest costs were around £500,000 lower than in 2024, following de-gearing and refinancing completed in March 2024.
Net asset value per share increased to 672p at December 31 from 669p a year earlier.
Panther declared a final dividend of 6p per share, unchanged on-year. This follows a 10p special dividend and a 6p interim dividend paid in October 2025.
Chair Andrew Perloff said the underlying business strength was reflected in ‘consistent profits, valuation increases and rent increases’.
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