24 sep 25   first property group - agm statement first property group plc | fpo | 15.2 0 0.0% | mkt cap: 22.5m    rns number : 4971a first property group plc 24 september 2025   date: 24 september 2025 on behalf of: first property group plc ("first property", the "company" or the "group") embargoed: 07.00am   first property group plc agm statement   first property group plc (aim: fpo), the property fund manager and investor with operations in the united kingdom and central europe, will hold its annual general meeting (the "agm") today at noon. the agm is being held online via investor meet company (https://www.investormeetcompany.com/first-property-group-plc/register-investor) and at the company's head office in london.   at the meeting alasdair locke, chairman of the board, will make the following statement:   "the group has taken significant steps in recovering from the difficulties of the last few years of lockdowns and inflation. for the year ended 31 march 2025, it earned a profit before tax of £3.03 million, a significant out performance of the market's expectations.   "we expect this recovery in profits to be sustained for the current financial year.   "during the last couple of months, contracts have been exchanged for the sale of two group properties, one of which is in the united kingdom (being a property we acquired earlier this year) and the other in romania. the combined sales consideration for these two properties was £4.1 million which, after sales costs, should increase the group's free cash by £4.0 million. the profit before tax from these sales should amount to around £1.2 million.   "total funds under management at 31 august 2025, including properties owned directly by the group, amounted to £220 million (31 march 2025: £220 million).   "third party funds under management at 31 august 2025 amounted to £172 million (31 march 2025: £164 million), of which some 35% was invested in the united kingdom.   "the group expects to announce its results for the six months ended 30 september 2025 on 27 november 2025."   -ends-   for further information please contact:   first property group plc          tel: +44 (20) 7340 0270 ben habib (chief executive officer) laura james (finance director) jeremy barkes (director, business development) jill aubrey (director, compliance & company secretary) investor.relations@fprop.com   allenby capital (nominated adviser & broker) tel: + 44 (20) 3328 5656 nick naylor / daniel dearden-williams (corporate finance) amrit nahal / tony quirke (equity sales)      notes to investors and editors:   first property group plc is a property fund manager and investor with operations in the united kingdom and central europe. its focus is on higher yielding commercial property with sustainable cash flows.   the company is flexible and takes an active approach to asset management. its earnings are derived from:   ·      fund management - via its fca regulated and aifmd approved subsidiary, first property asset management ltd ("fpam"), which earns fees from investing for third parties in property. fpam currently manages eleven funds which are invested across the united kingdom, poland and romania.   ·      group properties - principal investments by the group to earn a return on its own capital, usually in partnership with third parties. these investments currently comprise five directly held properties in poland, one in romania, and non-controlling interests in nine of the eleven funds managed by fpam.   quoted on aim, the company has offices in london and warsaw. further information about the company and its properties can be found at: www.fprop.com. to receive rns alerts by email please subscribe here.         this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   agmsesfldeisefu return to news summary

Label: Neutral