IntegraFin Holdings (IHP) Q3 2025 TU earnings summary

Executive summary

• Q3 FY25 net inflows reached £1.2bn, up 84% year-over-year, marking the fourth consecutive quarter of growth.

• Funds under direction (FUD) at quarter end stood at £69.5bn, an 11% increase over the past year.

• Client base grew to 244.7k, a 5% rise compared to Q3 FY24.

Financial highlights

• Gross inflows in Q3 FY25 were £2.5bn, up from £2.0bn in Q3 FY24.

• Outflows declined to their lowest level since Q4 FY23, supporting strong net inflows.

• Average daily FUD in Q3 FY25 was £66.8bn, up from £61.4bn in Q3 FY24.

• Net flows for the financial year to 30 June 2025 totaled £3.34bn, up 95% year-over-year.

Outlook and guidance

• Net inflow momentum expected to continue into Q4 FY25 and FY26.

• Platform revenue margin in Q3 FY25 was 22.4bps; margin reduction expected to slow in FY26.

• FY25 cost growth guidance unchanged at ~9% for underlying administrative expenses.

• FY26 and FY27 cost growth expected to slow to low single digits.

• Group-wide cost review underway to enhance efficiency and accelerate earnings growth.