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RNS Number : 71150 OnTheMarket plc 12 October 2021 This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation ( EU ) 596/2014 as it forms part of UK domestic law by virtue of the European Union ( Withdrawal ) Act 2018 ( " MAR " ) , and is disclosed in accordance with the Company's obligations under Article 17 of MAR . 12 October 2021 ONT HE MARKET PLC ( " OnThe Market " , " OTM " , the " Group " or the " Company " ) INTERIM RESULTS FOR THE SIX MONT HS ENDED 31 JULY 2021 ST RONG GROWTH AND STRAT EGIC PROGRESS DRIVING PERFORMANCE AHEAD OF EXPECTATIONS On The Market plc ( AIM : OTMP ) , the majority agent - owned company which operates the OnTheMarket.com property portal , today announces its unaudited interim results for the six months ended 31 July 2021 ( " H1 21/22 " ) . Highlights Period ended 31 July Group revenue Adjusted operating profit¹ Operating profit Profit after tax Period - end net cash ARPA³ Average monthly advertisers4 listed Period - end advertisers Period - end agency branches Period - end new homes developments Traffic / visits6 Average monthly leads per advertiser 2021 £ 14.9m £ 2.1m £ 0.0m £ 0.5m £ 9.9m £ 188 12,972 13,362 11,198 2,164 159m 132 2020 £ 10.2m £ 0.8m £ 0.7m £ 0.7m £ 10.7m² £ 124 13,592 12,6875 10,6455 2,0425 117m 105 Outlook : Change 46 % 163 % n / a ( 29 ) % ( 7 ) % 52 % ( 5 ) % 5 % 5 % 6 % 36 % 26 % Revenue and ARPA up 46 % and 52 % respectively . Adjusting for COVID - 19 H1 20/21 related customer support discounts of £ 1.8m , revenue and ARPA growth still strong at 24 % and 28 % respectively . Adjusted operating profit increased 163 % to £ 2.1m , despite increases of 105 % in marketing expenditure , to £ 4.5m , and 28 % in staff costs , to £ 4.7m . Profit after tax of £ 0.5m , reduced by non - recurring costs arising from the Glanty acquisition , the repayment of government grants and an increase in non - cash share - based agent recruitment charges . Strong balance sheet retained with cash generated from operating activities of £ 2.6m after repaying CJRS loans of £ 0.4m ( H1 20/21 : £ 2.9m , after receiving CJRS loans of £ 0.3m ) . Period end net cash was £ 9.9m , with no borrowings ( 31 January 2021 : £ 10.7m before deferred creditor payments of £ 0.4m ) . Average monthly advertisers listed were down 5 % period on period , reflecting a reduction in H2 20/21 as agents on long - term free of charge contracts were asked to migrate to paying contracts . Since 31 January 2021 , agency branches listing have risen 5 % and new homes developments listed by 6 % . Increased branches listed under paying contracts , up 3 % since 31 January 2021 to 10,190 at 31 July 2021 . Continued strong operational performance , with traffic and average monthly leads per advertiser up versus both H1 and H2 20/21 . Significant progress in strategy to build a differentiated , technology - enabled property business , with the acquisition of Glanty , new commercial partnerships and new website functionality and lead types . After a positive first 6 months , the Board now anticipates revenues to be slightly ahead of expectations and adjusted operating profit to be substantially ahead of expectations for the full year to 31 January 2022 . Demand for residential properties in the UK has remained at very high levels , however