IntegraFin Holdings (IHP) Trading Update summary

Performance highlights

• Net inflows to the Transact platform reached £1.2bn in Q2 FY25, up 53% from Q2 FY24, representing 7.3% of opening funds under direction annualised.

• Quarter-end funds under direction (FUD) rose to £65.9bn, an 8% increase year-on-year.

• Average daily FUD hit a record £67.1bn in Q2 FY25, compared to £58.6bn in Q2 FY24.

• Gross inflows set a new quarterly record at £2.7bn, with client numbers growing to 241,197.

• Group revenue for H1 FY25 is expected to exceed £77m, up over 9% from H1 FY24.

Strategic and operational updates

• Guidance for FY25 remains unchanged, with administrative costs expected to rise by low to mid-single digits beyond FY25.

• The platform's 25th anniversary was celebrated, highlighting ongoing commitment to functionality and client service.

• Diversified client investments across asset classes help dampen the impact of global market volatility on FUD and revenue.

• Monitoring of global equity market developments continues due to US economic policy changes.

• Interim results for the six months to 31 March 2025 will be announced on 21 May 2025.

Financial and client metrics

• Q2 FY25 inflows: £2,692m; outflows: £1,483m; net flows: £1,209m.

• Market movements negatively impacted FUD by £1,213m in Q2 FY25.

• Number of platform clients increased to 241,197 from 231,581 a year earlier.

• Historical data shows consistent growth in FUD and client numbers over recent quarters.

• Other movements, including fees and taxes, contributed £20m to closing FUD in Q2 FY25.