REG - IntegraFin Holdings - Q2 Trading Update

Integrafin HoldingsAnnouncement

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RNS Number : 1971B  IntegraFin Holdings plc  21 April 2026

 

LEI Number: 213800CYIZKXK9PQYE87

 

21 April 2026

 

IntegraFin Holdings plc

 

FY26 Q2 Trading Update

 

Strong net inflows performance despite market volatility

 

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 March 2026.

 

Group headlines

 

·   Strong Q2 FY26 net inflows to the Transact platform of £1.3bn, up 8%
year-on-year (Q2 FY25: £1.2bn), representing 6.9% of opening funds under
direction (FUD) for the quarter annualised.

 

·    Record high levels of gross inflows to the platform in Q2 FY26 of
£3.1bn, up 15% year-on-year (Q2 FY25: £2.7bn).

 

·     Record average daily FUD on the platform of £78.9bn in Q2 FY26,
up 18% year-on-year (Q2 FY25: £67.1bn).

 

·   Quarter end FUD on the Transact platform of £77.8bn, up 18%
year-on-year (Q2 FY25: £65.9bn) despite increased volatility in global
financial markets.

 

Outlook and guidance

·      Total Group revenue is expected to be up 11% at c.£85.8m for H1
FY26 (H1 FY25: £77.2m).

 

·    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.

 

·   Average FUD on the platform has increased during April to date, in
line with the broader recovery in global equity markets and continued net
inflows to the Transact platform. We continue to monitor developments in
global equity markets in response to the conflict in the Middle East. Due to
our clients' diversified investments across multiple asset classes, the impact
of volatility in global indices on FUD and revenue is less pronounced.

 

·      We reiterate no change to 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. In FY26, we expect the reduction in the rate of cost
increases to be weighted towards H2 as initiatives phase through.

 

·     The 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 and enhance profit margin in the
coming years, driven by our recurring revenue and scale benefits.

 

 

Alex Scott, IHP Group Chief Executive Officer, commented:

 

"We delivered another impressive quarter, with net inflows to the Transact
platform of over £1.3bn, and a new record for quarterly gross inflows of over
£3.1bn. These strong inflows demonstrate that clients and advisers continue
to use Transact to invest for the long term despite macro-economic volatility.
Client numbers grew to over 250k, driven by the attractiveness of our platform
proposition which includes our proprietary technology, best-in-class client
service and continual enhancements and innovations.

 

We have recently been seeing rapid improvements in AI capability. Our
investment programme incorporates automation and AI opportunities to enhance
our proprietary technology and the productivity of the Group's support
functions. In the wider UK advice sector, AI enhancements present significant
opportunities for advice firms - helping improve productivity, unlocking new
client segments, and deepening relationships. For clients, advisers will
remain central given the complexity of UK financial planning and the desire to
maintain trusted human interaction, but AI can augment adviser capabilities
and support the continued growth of assets under advice, which will benefit
the Transact platform.

 

Our market-leading proposition continues to attract strong inflows. As we
drive efficiencies and operational leverage across the business, we expect to
deliver strong, sustainable earnings growth."

 

 

Transact platform reporting for Q2 FY26:

 

                                         Quarter ended 31 March 2026  Quarter ended 31 March 2025  H1 Ended 31  H1 Ended 31

                                                                                                   March 2026   March 2025

 £m
 Opening FUD                             77,221                       65,880                       74,173       64,065
 Inflows                                 3,145                        2,692                        6,019        5,110
 Outflows                                -1,818                       -1,483                       -3,657       -2,981
 Net flows                               1,327                        1,209                        2,362        2,129
 Market and other movements((1))         -780                         -1,193                       1,233        -298
 Closing FUD                             77,768                       65,896                       77,768       65,896
 Average daily FUD for the period (£m)   78,896                       67,148                       77,458       66,296
 Number of platform clients              254,667                      241,197                      254,667      241,197

 

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

 

 

 

 

 

 

 

 

 

 

Transact platform historical information:

 £m                                      Q3 FY24  Q4 FY24  Q1 FY25  Q2 FY25  Q3 FY25  Q4 FY25  Q1       Q2 FY26

                                                                                               FY26
 Opening FUD                             61,020   62,420   64,065   65,880   65,896   69,537   74,173   77,221
 Inflows                                 2,017    2,162    2,418    2,692    2,482    2,510    2,874    3,145
 Outflows                                -1,358   -1,370   -1,498   -1,483   -1,271   -1,498   -1,839   -1,818
 Net flows                               659      792      920      1,209    1,211    1,012    1,035    1,327
 Market and other movements((1))         741      853      895      -1,193   2,430    3,624    2,013    -780
 Closing FUD                             62,420   64,065   65,880   65,896   69,537   74,173   77,221   77,768
 Average daily FUD for the period (£m)   61,435   63,044   65,462   67,148   66,847   71,942   76,051   78,896
 Number of platform clients              234,084  234,998  237,978  241,197  244,734  246,191  249,907  254,667

 

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

 

 

 

 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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