IntegraFin Holdings (IHP) Q4 2025 TU earnings summary

Executive summary

• Q4 FY25 net inflows reached £1.0bn, up 28% year-over-year, driving total FY25 net inflows to £4.4bn, a 76% increase from FY24.

• Record quarter-end funds under direction (FUD) at £74.2bn, up 16% year-over-year.

• Gross inflows exceeded £2bn for another consecutive quarter, with stable outflows.

• Platform client numbers rose to 246,191, up from 234,998 a year ago.

Financial highlights

• Total FY25 group revenue expected to rise 8% to approximately £156.8m (FY24: £144.9m).

• Average daily FUD in Q4 FY25 was £71.9bn, compared to £63.0bn in Q4 FY24.

• Net flows for Q4 FY25 were £1.0bn, up from £0.8bn in Q4 FY24.

Outlook and guidance

• Platform is well positioned to capture further adviser platform market net inflows in FY26 and beyond.

• Revenue margin reduction expected to slow in FY26, with decreases mainly from positive market movements.

• Underlying administrative expense growth for FY25 remains at about 9%; expected to slow to low single digits in FY26 and FY27 due to cost initiatives.

• Further update on cost review and business efficiencies to be provided at FY25 results in December.