Savills (LSE:SVS) shares moved up 103p. or 10.5%, to trade at 1,084p after it reported a 47% rise in underlying profit before tax to £34.3m for the six months to 30 June, up from £23.3m a year earlier.
Group revenue rose 9% to £1,225.5m, with growth reported across all business segments.
Reported profit before tax fell to £7m from £15.8m, hit by one-off costs tied to the acquisition of Eastdil Secured Holdings, the US real estate investment banking and capital markets advisory firm, which completed on 31 July.
"I am delighted with the significant improvement in Savills performance," said Simon Shaw, Group Chief Executive, adding he was "confident that we are well positioned to deliver value to our clients, colleagues and shareholders."
The board declared an interim dividend of 7.8p per share, up 5% from 7.4p a year earlier.
Business unit performance
The Eastdil Secured generated revenue of $302m (£225m) in the six months to 30 June, up from $232m (£178m) a year earlier, with underlying EBITDA of $51m (£38m); the combined business has been rebranded Eastdil Secured Savills from 1 August, and will contribute five months of results to the Group's 2026 year-end figures.
Transactional revenue rose 14% with the first-half underlying loss narrowed to £2.4m from £7.8m, led by Commercial Transaction Advisory, where revenue climbed 19% to £317.8m on strong Capital Markets and Leasing activity in North America, Asia Pacific and the UK.
Less Transactional revenue rose 6%, with underlying profit up 27% as previous restructuring fed through to profitability; Property and Facilities Management revenue increased 7% to £489.5m, with underlying profit up 15% to £21.9m.
Looking ahead, the Board said its expectations for the enlarged Group for 2026 are unchanged, while noting continued macro volatility makes the timing of Transactional pipeline conversion difficult to predict.
News Intelligence what this means for the company
Savills reported a 47% jump in underlying pre-tax profit to £34.3m in H1 2026 on 9% revenue growth across all segments, and completed its acquisition of Eastdil Secured on 31 July. The deal adds a US-headquartered investment banking and capital markets platform generating $302m revenue and $51m EBITDA in H1, which will contribute five months of results to FY26; the board reiterated full-year guidance for the enlarged group despite macro volatility affecting transactional pipeline timing.
The acquisition materially expands Savills' US capital markets and investment banking footprint at a time when Commercial Transaction Advisory revenue is accelerating (up 19% in H1, led by North America). However, reported profit fell 56% to £7m due to one-off acquisition costs, and the board flagged that macro volatility makes H2 transactional conversion unpredictable—a material risk to the enlarged group's ability to deliver on unchanged FY26 guidance.
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Savills' Eastdil deal masks underlying strength
etoro analyst Mark Crouch highlighted that the Eastdil transaction is a sizeable strategic bet on US capital markets that could prove shrewd if transaction activity gradually thaws. The analyst also cautions that volatile markets and political uncertainty make converting a healthy pipeline into completed deals uncertain, even as improving profitability and a higher interim dividend point to growing confidence.
