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RNS Number : 1689D IntegraFin Holdings plc 14 October 2025
LEI Number: 213800CYIZKXK9PQYE87
14 October 2025
IntegraFin Holdings plc
Q4 Trading Update
Strong Q4 net inflows consolidates excellent flows performance throughout FY25
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 30 September 2025.
Group highlights
· Strong Q4 FY25 net inflows to the Transact platform of £1.0bn
(Q4 FY24: £0.8bn).
· Record quarter end funds under direction (FUD) on the Transact
platform of £74.2bn, up 16% over the past year (FY24: £64.1bn).
· Average daily FUD on the platform of £71.9bn in Q4 FY25 (Q4
FY24: £63.0bn).
· Total FY25 Group revenue expected to be up 8% at c.£156.8m
(FY24: £144.9m).
· Very strong total net inflows of £4.4bn in FY25, up 76% on the
prior year (FY24: £2.5bn), representing 6.8% of opening FUD.
Outlook and guidance
· Transact is extremely well positioned to continue to attract and grow
a strong share of adviser platform market net inflows in FY26 and beyond.
· We reiterate the revenue margin guidance that we announced in
July:
o In FY26 we expect the reduction in platform revenue margin to slow, with
any decrease driven by the impact of positive market movements as client FUD
moves into lower charging bands.
· The Group-wide cost review announced in July is progressing well. A
further update on the business efficiencies and productivity opportunities
identified will be provided at the FY25 results in December.
· We also reiterate the previous updated cost guidance that we
announced in July:
o FY25 remains unchanged at c.9% cost growth for total underlying
administrative expenses.
o FY26 and FY27 total underlying administrative expenses cost growth
expected to slow to low single digit percentage as a result of our rigorous
cost initiatives and operational leverage.
· A combination of the revenue growth fundamentals and the
implementation of the cost review puts the Group in a strong position to
accelerate profit growth in the coming years.
Alex Scott, IHP Group Chief Executive Officer, commented:
"IHP had a strong final quarter, continuing excellent net flow momentum for
the Transact platform over the year. Net inflows in Q4 FY25 were up 28% year
on year, bringing total FY25 net inflows to £4.4bn - an impressive 76%
increase on FY24.
Q4 FY25 marked another consecutive quarter of gross inflows over £2bn,
delivering our highest ever gross inflows in a financial year. The sustained
strength of our gross inflows has been the main driver of our excellent net
inflows momentum throughout the year, whilst outflows have remained stable.
This has been driven by the enhancements we have made to our proprietary
technology, particularly through the development of new APIs for the Transact
platform. These ongoing enhancements will continue to broaden the appeal of
the Transact platform to clients and advisers.
The Group-wide cost review is ongoing, and we have identified efficiency and
productivity improvements which, when implemented, will deliver future cost
savings and accelerate future earnings growth. We look forward to providing
more information on the outcome of the cost review at the FY25 results in
December 2025.
We continue to make financial planning easier by developing our proprietary
technology adviser platform and enabling a more integrated ecosystem for
clients and advice firms. This puts us in a strong position to deliver growing
operating returns and to take advantage of the compelling opportunities
present in the UK advice market."
Notice of full year results
The Group will announce its results for the year ended 30 September 2025 on 17
December 2025.
Transact platform reporting for Q4 FY25:
Quarter ended 30 September 2025 Quarter ended 30 September 2024 Financial year ended 30 September 2025 Financial year ended 30 September 2024
£m
Opening FUD 69,537 62,420 64,065 54,959
Inflows 2,510 2,162 10,102 8,104
Outflows -1,498 -1,370 -5,750 -5,595
Net flows 1,012 792 4,352 2,509
Market movements 3,639 838 5,726 6,565
Other movements((1)) -15 15 30 32
Closing FUD 74,173 64,065 74,173 64,065
Average daily FUD for the period (£m) 71,942 63,044 67,856 59,628
Number of platform clients 246,191 234,998 246,191 234,998
Notes:(1)Includes fees, taxes and investment income
Transact platform historical information:
£m Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25
Opening FUD 54,959 58,010 61,020 62,420 64,065 65,880 65,896 69,537
Inflows 1,657 2,268 2,017 2,162 2,418 2,692 2,482 2,510
Outflows -1,389 -1,478 -1,358 -1,370 -1,498 -1,483 -1,271 -1,498
Net flows 268 790 659 792 920 1,209 1,211 1,012
Market movements 2,786 2,196 745 838 880 -1,213 2,420 3,639
Other movements((1)) -3 24 -4 15 15 20 10 -15
Closing FUD 58,010 61,020 62,420 64,065 65,880 65,896 69,537 74,173
Average daily FUD for the period (£m) 55,474 58,567 61,435 63,044 65,462 67,148 66,847 71,942
Number of platform clients((2)) 231,413 231,581 234,084 234,998 237,978 241,197 244,734 246,191
Notes:
(1) Includes fees, taxes and investment income.
(2) During Q4 FY25, our recurring account closure exercise for clients with
small residual balances led to a reduction of c.1.3k clients and a reduction
in FUD of less than £12k, helping improve operational efficiency.
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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