Alfa Financial Software (ALFA) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue rose 3% YoY to £32.7m, led by continued Subscription growth; TCV reached £250.8m and the late-stage pipeline expanded to 10 prospects.

• Full-year revenue is expected close to expectations, with profit slightly ahead on disciplined cost control.

Financial highlights

• Q3 revenue was £32.7m, up 3% YoY; lower-than-expected period costs reflected managed headcount expansion and underspend on travel, professional fees and IT.

• TCV reached £250.8m, up from £247.0m at June 2026 and £221.7m at Q3 2025; year-on-year growth was 13%.

Outlook and guidance

• FY revenue is anticipated to be close to expectations; FY profit is anticipated to be slightly ahead due to disciplined cost control.

• Strong late-stage pipeline is expected to underpin continued growth beyond FY 2026.

• A strong final quarter is expected for Software Engineering revenues, including work to convert a private cloud customer to Alfa Cloud.