Workspace Group (WKP.L), a real estate investment trust, on Wednesday reported results for the six months ended 30 September 2025, posting a loss for the period, primarily due to weaker property valuations.
The company reported a loss before tax of £71.1 million, compared with a profit of £10.2 million a year earlier. Workspace recorded a £95.3 million reduction in the fair value of its investment properties, compared with a £20 million decrease in the same period a year earlier.
Operating loss was £54.7 million, versus an operating profit of £25.6 million in the prior-year period.
Trading profit declined to £47 million, from £48.1 million last year.
Net income for the half-year showed a loss of £71.1 million, reversing the £10.2 million profit reported a year earlier. Loss per share was 37 pence, compared with earnings of 5.3 pence per share in the same period last year.
EPRA net tangible assets per share dropped to £7.21 from £7.74 a year ago.
Revenue for the period was £90.1 million, down slightly from £92.4 million a year earlier.
Net rental income declined 3% to 58.7 million pounds from 60.5 million pounds last year.
The directors proposed an interim dividend of 9.4 pence per share for the financial year ending 31 March 2026. The dividend is scheduled to be paid on February 2 to shareholders on the register as of January 9, 2026.
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