UK's Fintel H1 organic revenue rises on software & data growth
UK's Fintel H1 organic revenue rises on software & data growth
Overview
UK fintech software provider's H1 organic revenue grew 2.0%, with statutory revenue down slightly
Organic adjusted EBITDA rose 11.2% to £11.8 mln, reflecting improved performance and efficiency
Company completed acquisition of Pearson Hams and disposed of two non-core businesses in H1
Outlook
Fintel says trading for the yr ending Dec 2026 remains in line with Board expectations
Company cites strong recurring revenues and positive structural growth drivers supporting outlook
Fintel sees increasing demand for technology, data and regulatory support in UK retail finance
Result Drivers
SOFTWARE & DATA GROWTH - Organic revenue growth driven by continued expansion in Software and Data activities
RECURRING REVENUE - SaaS & Subscription revenue for the continuing business increased 7.9% to £26.1m, supporting recurring revenue expansion
EFFICIENCY IMPROVEMENTS - Organic adjusted EBITDA growth of 11.2% attributed to improved performance and efficiency
Company press release: ID:nRSd4471Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Statutory Revenue |
| GBP 42.10 mln |
|
H1 EBITDA |
| GBP 12.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Fintel PLC is GBp330.00, about 71.4% above its July 29 closing price of GBp192.50
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
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July 29 - PSQ Holdings Q2 revenue jumps on Fintech growth
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)