REG - IntegraFin Holdings - 1st Quarter Results

Integrafin HoldingsAnnouncement

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RNS Number : 5877O  IntegraFin Holdings plc  13 January 2026

 

LEI Number: 213800CYIZKXK9PQYE87

 

13 January 2026

 

IntegraFin Holdings plc

 

FY26 Q1 Trading Update

 

Strong Q1 net inflows during a period of UK Autumn Budget uncertainty

 

 

IntegraFin Holdings plc ("IHP" or the "Group"), operator of Transact, the UK's
premium investment platform for clients and UK financial advisers, is pleased
to provide an update on performance for the three months ended 31 December
2025.

 

Group headlines

 

·      Strong Q1 FY26 net inflows to the Transact platform of £1.0bn,
up 11% year-on-year (Q1 FY25: £0.9bn) and representing 5.6% of opening funds
under direction (FUD) for the quarter annualised.

 

·      Record quarter end FUD on the Transact platform of £77.2bn, up
17% year-on-year (Q1 FY25: £65.9bn).

 

·      Record average daily FUD on the platform of £76.1bn in Q1 FY26,
up 16% year-on-year (Q1 FY25: £65.5bn).

 

·      Record high levels of gross inflows to the platform in Q1 FY26 of
£2.9bn, up 21% year-on-year (Q1 FY25: £2.4bn).

 

·      The Transact platform experienced both heightened inflows and
outflows in the lead up to the UK Autumn Budget in October and November 2025,
caused by elevated pension wrapper activity as clients reacted to extensive
pre-Budget speculation. Flows have since returned to normalised levels.

 

Outlook and guidance

·      The Transact platform is well-positioned to continue to attract
and grow its strong share of adviser platform market net inflows in FY26 and
beyond.

 

·      We reiterate our cost guidance from December 2025:

o  Total underlying administrative expense growth is expected to slow to c.3%
in each of FY26 and FY27 as a result of our cost management initiatives and
operational leverage.

 

·      A combination of our compelling revenue growth fundamentals and
the implementation of the cost management initiatives put the Group in a
strong position to accelerate profit growth in the coming years.

 

 

Alex Scott, IHP Group Chief Executive Officer, commented:

 

"The Group continues to build on the strong flows momentum from FY25 and has
started the new financial year by delivering impressive net inflows of £1.0bn
despite the uncertainty caused by the 2025 UK Autumn Budget. We also achieved
record gross inflows in the quarter, marking our eighth consecutive quarter in
which gross inflows exceeded £2 billion. Digital enhancements to the
platform continue to yield excellent results and attract new business.

 

We remain focused on the three core levers that will drive our earnings
growth: enhancing our market-leading proposition; growing the platform's FUD
and revenue while focusing on managing platform revenue margin; and finally,
implementing our cost and efficiency programme. Together, these components
position the Group to deliver accelerated earnings growth."

 

 

Transact platform reporting for Q1 FY26:

 

                                         Quarter ended 31 December 2025  Quarter ended 31 December 2024

 £m
 Opening FUD                             74,173                          64,065
 Inflows                                 2,874                           2,418
 Outflows                                -1,839                          -1,498
 Net flows                               1,035                           920
 Market movements                        2,001                           880
 Other movements((1))                    12                              15
 Closing FUD                             77,221                          65,880
 Average daily FUD for the period (£m)   76,051                          65,462
 Number of platform clients              249,907                         237,978

 

Notes:(1) Includes fees, taxes and investment income

 

 

 

 

Transact platform historical information:

 £m                                      Q2 FY24  Q3 FY24  Q4 FY24  Q1 FY25  Q2 FY25  Q3 FY25  Q4 FY25  Q1

                                                                                                        FY26
 Opening FUD                             58,010   61,020   62,420   64,065   65,880   65,896   69,537   74,173
 Inflows                                 2,268    2,017    2,162    2,418    2,692    2,482    2,510    2,874
 Outflows                                -1,478   -1,358   -1,370   -1,498   -1,483   -1,271   -1,498   -1,839
 Net flows                               790      659      792      920      1,209    1,211    1,012    1,035
 Market movements                        2,196    745      838      880      -1,213   2,420    3,639    2,001
 Other movements((1))                    24       -4       15       15       20       10       -15      12
 Closing FUD                             61,020   62,420   64,065   65,880   65,896   69,537   74,173   77,221
 Average daily FUD for the period (£m)   58,567   61,435   63,044   65,462   67,148   66,847   71,942   76,051
 Number of platform clients              231,581  234,084  234,998  237,978  241,197  244,734  246,191  249,907

 

Notes:

(1) Includes fees, taxes and investment income.

 

 

 

 Enquiries:
 Investors
 Luke Carrivick, Investor Relations Director  +44 020 7608 5463
 Media
 IHP@fgsglobal.com
 FGS Global: Mike Turner                      +44 7775992415
 FGS Global: Chris Sibbald                    +44 7855955531

 

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