{
  "id": 9755612,
  "title": "Earnings call transcript: Mortgage Advice Bureau cuts guidance in H1 2026",
  "url": "https://urgent.news/2026/09/25/earnings-call-transcript-mortgage-advice-bureau-cuts-guidance-in-h1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T11:16:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-mortgage-advice-bureau-cuts-guidance-in-h1-2026-93CH-4917289"
  },
  "original_language": "en",
  "account": "Mortgage Advice Bureau PLC reported a rise in first-half 2026 revenue to £161 million, marking an 8.6% increase year over year. However, adjusted diluted earnings per share grew by just 1.1% to 18.4p, reflecting challenges in maintaining profitability. The company revised its full-year profit guidance to approximately £38 million before tax. Shares experienced a decline in premarket trading, dropping 4.05% to £354.45, which is near the bottom of its 52-week range. Despite the price drop, the stock may still be undervalued at current levels, with shares trading 1% above their 52-week low. The dividend yield stands at 6.2%, offering some compensation for patient investors. In the first half of 2026, total mortgage lending grew by 16% to £16.5 billion, a positive indicator of business growth. However, adjusted profit before tax only rose by 2.1% to £14.8 million. Administrative expenses increased significantly by 21.6% to £32.5 million, driven by acquisitions and investment spending. The company's focus shifted towards refinancing and product transfers, which accounted for 86% of refinancing activity and reduced revenue per transaction. Management attributed the disappointing results to a mix of weaker product offerings and higher costs, despite a resilience in loan volumes and strong gross profit growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}