
MAB said it also wanted to achieve an adjusted profit before tax margin of more than 15% and a cash conversion higher than 100%.
To support these plans, the advisory group has approved a new capital allocation framework to replace its current payout-based dividend policy with a “progressive” dividend policy with no specific payout ratio target.
The firm said this approach reflected its “desire to optimise the mechanism by which capital is returned to shareholders”. It also said this would ensure it has sufficient capital available to fund its growth.
MAB will review its capital position annually and capital will be allocated according to criteria. Surplus capital will be returned to shareholders as additional returns over and above ordinary dividends. These are expected to be distributed through share buybacks or special dividends.
The board will announce a proposed final dividend for 2024 at the release of its financial results on 18 March, which it said was expected to be at or above the amount paid last year.

How the housing landscape is set to shift
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MAB move to the main market
MAB also said it was considering a move to the main market, which would mean shareholder approval is needed for significant transactions such as acquisitions and disposals.
The firm said this would give access to more investors and enhance its profile.
Further information on MAB’s plans will be announced during a capital markets day on 5 February.
Peter Brodnicki (pictured), founder and CEO of MAB, said: “MAB has been listed on the London Stock Exchange for just over a decade. In that time, we have grown a market-leading, specialist network for mortgage advisers whilst delivering positive returns for our shareholders.
“2025 sees the start of the next stage of our journey, with today’s commitments to grow the business significantly over the medium term for the benefit of our shareholders and other stakeholders.”