Overview
UK investment platform operator's H1 revenue rose 11% on higher average daily funds under direction (FUD)
Underlying profit before tax up 16%, underlying EPS up 14% for the half year
Board declared interim dividend of 3.8p per share, up from 3.3p last year
Outlook
IntegraFin expects FY26 and FY27 full-year cost growth limited to c.3% per annum
Company expects technology investment in AI and automation to support profit margin expansion
IntegraFin says it maintains strong FUD position despite ongoing market volatility
Result Drivers
NET INFLOWS AND MARKET GAINS - Higher net inflows and favourable market movements drove growth in funds under direction, supporting revenue and earnings
COST MANAGEMENT - Slower growth in administrative expenses contributed to improved profitability as cost initiatives progressed
CLIENT SERVICE AND TECHNOLOGY - Growth in client numbers and gross inflows attributed to market-leading service and ongoing technology enhancements
Company press release: ID:nRST9885Ea
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted EPS
GBP 0.10
H1 EPS
GBP 0.10
H1 Net Income
GBP 33 mln
H1 Adjusted Pretax Profit
GBP 43.9 mln
H1 Dividend
GBP 0.04
H1 Pretax Profit
GBP 43.9 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for IntegraFin Holdings plc is GBp416.00, about 23.3% above its May 19 closing price of GBp337.50
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
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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.)