REG - IntegraFin Holdings - Q2 Trading Update

Integrafin HoldingsAnnouncement

15/04/2025 07:02

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RNS Number : 9704E  IntegraFin Holdings plc  15 April 2025

 

LEI Number: 213800CYIZKXK9PQYE87

 

15 April 2025

 

IntegraFin Holdings plc

 

Q2 Trading Update

 

Transact platform net inflows continuing to develop momentum

 

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 update on performance for the three months ended 31 March 2025.

 

Group highlights

 

·   Strong Q2 FY25 net inflows to the Transact platform of £1.2bn (Q2
FY24: £0.8bn),     representing 7.3% of opening funds under direction (FUD)
for the quarter annualised, driven by ongoing strong gross inflows and
stabilisation of outflows.

 

·       Quarter end FUD on the Transact platform of £65.9bn, up 8%
over the past year.

 

·       A new quarterly record high average daily FUD of £67.1bn in Q2
FY25 (Q2 FY24: £58.6bn).

 

·    Total Group revenue is expected to be up over 9% at c.£77m for H1
FY25 (H1 FY24:   £70.4m).

 

·        Record high levels of gross inflows to the platform in Q2
FY25 of £2.7bn (Q2 FY24: £2.3bn).

 

·     Growing client base on the platform with 241.2k clients registered
at Q2 FY25 (Q2 FY24:   231.6k).

 

·    Guidance issued at year end FY24 remains unchanged for FY25 (ending
30 September   2025). We also reiterate our previous cost guidance that,
beyond FY25, we expect total     administrative costs to moderate, rising
by low to mid-single digit percentages.

 

Alex Scott, IHP Group Chief Executive Officer, commented:

 

"I am pleased to report another excellent quarter of gross and net inflows
onto the Transact platform, building on our strong momentum. Net inflows
surpassed £1.2bn for the quarter and increased by 53% from the prior year
comparative (Q2 FY24). Our track record of successfully delivering
digitalisation updates for advisers and clients, continues to attract strong
inflows, with net inflows rising for the third consecutive quarter. Transact
continues to provide superior client service and this quarter saw our highest
ever gross inflows, following on from the previous record in Q1 FY25.

 

Average FUD on the platform continued to increase, the main driver of our
revenue, despite significant changes in US economic policy creating headwinds
in global financial markets. Due to our clients' diversified investments
across multiple asset classes including equities, funds, bonds and cash, the
impact of movements in global indices, both up and down, on FUD and revenue is
dampened in comparison. We continue to monitor the developments in global
equity markets in response to US economic policy and its potential impact on
Group revenue.

 

Last month, the Transact platform celebrated its 25th anniversary, a fantastic
milestone for the Group. Our strategic pillars of leading functionality and
client service have been ever present in that time and will be key drivers of
the success of the Group over the coming years."

 

Notice of interim results

 

The Group will announce its results for the six months ended 31 March 2025 on
21 May 2025.

 

Transact platform reporting for Q2 FY25:

 

                                         Quarter ended 31 March 2025  Quarter ended 31 March 2024  H1 Ended 31 March 2025  H1 Ended 31 March 2024

 £m
 Opening FUD                             65,880                       58,010                       64,065                  54,959
 Inflows                                 2,692                        2,268                        5,110                   3,925
 Outflows                                -1,483                       -1,478                       -2,981                  -2,867
 Net flows                               1,209                        790                          2,129                   1,058
 Market movements                        -1,213                       2,196                        -333                    4,982
 Other movements((1))                    20                           24                           35                      21
 Closing FUD                             65,896                       61,020                       65,896                  61,020
 Average daily FUD for the period (£m)   67,148                       58,567                       66,296                  57,012
 Number of platform clients              241,197                      231,581                      241,197                 231,581

 

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

 

 

Transact platform historical information:

 £m                                      Q3       Q4 FY23  Q1 FY24  Q2 FY24  Q3 FY24  Q4 FY24  Q1 FY25  Q2 FY25

                                         FY23
 Opening FUD                             53,973   54,606   54,959   58,010   61,020   62,420   64,065   65,880
 Inflows                                 1,517    1,595    1,657    2,268    2,017    2,162    2,418    2,692
 Outflows                                -900     -1,184   -1,389   -1,478   -1,358   -1,370   -1,498   -1,483
 Net flows                               617      411      268      790      659      792      920      1,209
 Market movements                        21       -62      2,786    2,196    745      838      880      -1,213
 Other movements((1))                    -5       4        -3       24       -4       15       15       20
 Closing FUD                             54,606   54,959   58,010   61,020   62,420   64,065   65,880   65,896
 Average daily FUD for the period (£m)   54,288   54,964   55,474   58,567   61,435   63,044   65,462   67,148
 Number of platform clients              229,659  230,294  231,413  231,581  234,084  234,998  237,978  241,197

 

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

 

 

 

 

 

 

 

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

 

 

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