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LONDON - Panther Securities PLC (LSE:PNS) reported a 14.4% increase in profit after tax to £3.84 million for the six months ended June 30, 2025, compared to £3.35 million in the same period last year, according to a press release statement issued Monday.
The property investment company’s results were bolstered by a £3.9 million revaluation gain on investment properties. Rental income rose slightly to £7.34 million from £7.23 million a year earlier.
Interest costs decreased by approximately £348,000 during the period due to significant debt reduction at the beginning of the period and lower margins on bank loans following a March 2024 refinancing.
The company’s net asset value per share increased to 685p as of June 30, up 2.4% from 669p at the start of the year.
In property transactions, Panther sold a freehold site in central Wolverhampton in February for £2.5 million, which it had purchased in 2010 for £1.56 million. The company also acquired a freehold in Southampton for £253,000 in March, complementing its existing long leasehold interest in the property.
The board declared an interim dividend of 6p per share plus a special dividend of 10p per share, both payable on October 29 to shareholders on the register as of October 10.
Chairman Andrew Perloff noted that "underlying improvements in 2025 within the Group’s financial performance are beginning to show through" and that the company is in a "stronger financial position than for some time."
The company’s total investment property portfolio increased by approximately £1.9 million during the period.
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