FPO’s update for the 12 months to end March 2025 sets out its improving trading outlook. PBT (on an unadjusted basis) is expected to exceed market expectations. The group’s core business trades profitability at the operating level from recurring rental income and fund management fees, helped by a c. £0.65m reduction in annual expenses. The FY24/25 result will be boosted by one-offs, but finances are sustainable without them. Those one-offs are from a combination of the early receipt of fund mana ....
