REG - Alfa Financial Soft - H1 Trading update

Alfa Financial Software HoldingsAnnouncement

Wed 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250730:nRSd0571Ta&default-theme=true

RNS Number : 0571T  Alfa Financial Software Hldgs PLC  30 July 2025

30 July 2025

Alfa Financial Software Holdings PLC

H1 Trading update

Strong trading performance, on track to meet full year expectations

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading
developer of mission-critical software for the asset finance industry provides
a scheduled update on trading for the half year ended 30 June 2025. The
half-year results are expected to be announced on Thursday 4 September 2025.

 

Strong trading

 

Revenue of £31.4m for Q2 was up 18% on the second quarter of last year, or
22% at constant currency. This was in line with our expectations.

 

Key H1 financial highlights:

●     H1 revenue of £62.5m up 20% on last year at actual rates or 22%
at constant currency rates

o  Subscription revenues in H1 of £21.2m  (http://xx.xm) were 17% up on
last year

o  Software Engineering revenues of £10.3m were up 72% versus H1 last year
following a shift back towards client-led enhancement work following last
year's Alfa Systems 6 investment

o  Delivery revenues of £31.0m grew 10% versus H1 last year.

●     TCV at 30 June 2025 was £211m versus £193m at H1 last year.

 

 Focused operational execution

 

We continue to see strong interest in Alfa Systems 6 and the additional
modules which are available as part of the product suite. In H1 we have
maintained the pace of investment in partnership with clients to allow us to
maintain our lead over the market by further developing the product suite,
particularly in Originations, Fleet and Commercial Loans. We have nine
customers live on Alfa Systems 6 already, which demonstrates both ease of
upgrade as well as demand for the new modules and capabilities available as
part of the new version.

 

Robust pipeline

 

Following a record number of wins in 2024 our late-stage pipeline remains
strong with seven prospects. We are the preferred supplier with six of these
and have started working under letters of engagement with all of them. One
customer prospect has deferred their project and moved out of the late-stage
pipeline as a result of their current supplier extending support for their
legacy system.

 

We remain confident in the overall strength of the pipeline from early stage
through to late stage.

 

Andrew Denton, Chief Executive Officer

 

"We are very pleased to have met our expectations for a very strong financial
performance in the first half of 2025 with strong growth across all revenue
streams. We have made further investment into the product and our people to
enhance our leading position in the market. Our delivery teams have continued
to execute successfully and we remain confident in the strength of our
pipeline. We are well positioned to achieve our expectations for the year."

 

 

 

 Enquiries

 

 Alfa Financial Software Holdings PLC      +44 (0)20 7588 1800

 Andrew Denton, Chief Executive Officer

 Duncan Magrath, Chief Financial Officer

 Andrew Page, Executive Chairman

 Barclays                                  +44 (0)20 7623 2323

 Robert Mayhew

 Anusuya Gupta

 Investec                                  +44 (0)20 7597 4000

 Patrick Robb

 Virginia Bull

 Panmure Liberum Ltd                       +44 (0)20 3100 2000

 Rupert Dearden

 James Sinclair-Ford

 Teneo                                     +44 (0)20 7353 4200

 James Macey White

 Victoria Boxall

 

 

 

Notes to Editors

 

Alfa has been delivering leading-edge technology to the global asset finance
and leasing industry since 1990. Our specialised expertise enables us to
deliver the most challenging systems transformation projects successfully.

 

Alfa Systems, our class-leading SaaS platform, is at the heart of the world's
largest and most progressive asset finance operations. Supporting all types of
automotive, equipment and wholesale finance, Alfa Systems is proven at volume
and across borders, and trusted by leading brands to manage complex
portfolios, drive efficiency and sustainability, and enhance the customer
experience.

 

With full functionality for originations, servicing and collections, Alfa
Systems is live in 37 countries, representing an integrated point solution, a
rapid off-the-shelf implementation, or an end-to-end platform for the complex
global enterprise. Alfa Systems 6, a breakthrough iteration of our software
platform, was launched in 2024.

 

Alfa maintains exceptional customer satisfaction through an impeccable track
record, with our experience and performance unrivalled in the industry. Our
customers stick with us for the long term, because we deliver value that lasts
for decades.

 

Alfa has offices in Europe, Australasia and North America.  For more
information, visit us at www.alfasystems.com (http://www.alfasystems.com) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTBUGDRXXDDGUC