FY26 results from First Property Group plc (FPO.L) are materially stronger than the FY25 comparable and maintain the recovery trajectory. The main message is not the 12% increase in reported profit, but substantial balance sheet strengthening and improved capital flexibility. For investors, the key question now is how quickly the group can convert that improved financial positioning into renewed asset growth and earnings growth. Investors can rely upon an experienced risk-averse management team ....
