IntegraFin Holdings (IHP) H1 2026 earnings summary

Executive summary

• Achieved record gross inflows of £6.0bn and net inflows of £2.4bn in HY26, up 18% and 14% year-over-year, with continued market share gains in the UK adviser platform market.

• Underlying profit before tax rose 16% to £43.9m, with profit margin increasing to 51%, reflecting disciplined cost management, technology automation, and operational leverage.

• Group revenue grew 11% to £85.8m, with 99% from recurring sources, and underlying EPS increased 14% to 10.0p.

• Proprietary technology, AI, and automation initiatives are enhancing scalability, efficiency, and supporting margin expansion.

• Positioned for continued profit growth and margin enhancement, leveraging a highly cash-generative and resilient business model.

Financial highlights

• Net inflows grew 14% to £2.4bn; gross inflows reached a record £6.0bn (+18% YoY); average FUD rose 17% to £77.5bn.

• Group revenue increased 11% to £85.8m; underlying profit before tax up 16% to £43.9m; profit margin at 51%.

• Underlying EPS up 14% to 10.0p; interim dividend raised 15% to 3.8p per share.

• Cash generated during HY26 was £34.0m, representing 103% of underlying profit after tax.

• Administrative expenses rose 4% to £46.4m, mainly due to higher employee costs and IT investment.

Outlook and guidance

• Revenue and cost guidance for FY26 and FY27 unchanged; administrative expense growth targeted at 3% per year.

• Net interest income expectations increased to £10m for FY26 and £11m for FY27.

• Strong FUD position maintained, with average daily FUD for April 2026 at £80.6bn and closing FUD at £81.4bn.

• Continued investment in AI and automation expected to drive efficiency and margin expansion.