IntegraFin Holdings (IHP) Trading Update summary

Financial performance and platform growth

• Achieved record funds under direction (FUD) of £64.1bn at Q4 FY24, up 3% in the quarter and 17% year-on-year.

• Net inflows for Q4 FY24 reached £0.8bn, with gross inflows of £2.2bn; annual net inflows for FY24 totaled £2.5bn.

• Total group revenue for FY24 expected to be approximately £145.0m, up from £134.9m in FY23.

• Average daily FUD in Q4 FY24 was £63.0bn, compared to £55.0bn in Q4 FY23.

• Market movements contributed £838m to FUD in Q4 FY24.

Adviser and client base expansion

• Registered advisers on the platform grew 5% year-on-year to about 8,048 at Q4 FY24.

• Platform client base increased 2% year-on-year to 235,000 at Q4 FY24.

• Time4Advice CURO software users rose 11% to 3,100 over FY23.

Strategic outlook and guidance

• Guidance for FY24 remains unchanged from interim results.

• Management highlights Transact's long-term appeal, citing award-winning service and proprietary technology.

• Well positioned for FY25 due to platform proposition and structural growth drivers, but cautious on macroeconomic risks including the Autumn Budget and US elections.

• Year-end results scheduled for release on 18 December 2024.