IntegraFin Holdings plc, the operator of Transact, a UK investment platform, has released its final results for the year ended 30 September 2025. The company reported strong growth in earnings, with underlying profit before tax (PBT) up 7% to £75.4 million and underlying earnings per share (EPS) up 7% to 17.4p.
**Financial Highlights**
Closing Funds Under Direction (FUD) grew 16% to £74.2 billion, driven by strong net inflows of £4.4 billion, up 76% from the previous year.
Revenue increased 8% to £156.8 million, primarily due to higher average daily FUD.
Reported PBT increased slightly to £69.1 million, while underlying PBT rose 7% to £75.4 million.
Reported EPS decreased 1% to 15.5p, but underlying EPS increased 7% to 17.4p.
The client base expanded 5% to 246,200, reflecting the continued attractiveness of the Transact platform.
**Dividend and Outlook**
A second interim dividend of 8.0 pence per share was declared, resulting in a 9% increase in the total dividend for the year to 11.3 pence per share.
Transact is well-positioned to capture a growing share of the adviser platform market net inflows in FY26 and beyond.
The company expects to manage platform revenue margin and slow the growth of underlying administrative expenses, supporting profit margin expansion.
**Strategic Initiatives**
Completed a Group-wide cost review, identifying efficiency opportunities to accelerate future earnings growth.
Focused on digitalisation and integration enhancements, strengthening the Transact proposition and driving greater efficiency for financial advice firms.
Relocated to new premises, supporting sustainability objectives and staff wellbeing.
**CEO Commentary**
Alex Scott, CEO, highlighted the companys strong performance, driven by the appeal of the Transact platform and commitment to high-quality client service. He emphasized the importance of proprietary technology and personal customer service in delivering growth. Scott also noted the successful completion of the cost review and the companys position to deliver efficiency improvements and sustainable growth.
**Financial Review**
The platform business delivered strong performance, with FUD growth of 16% and net inflows up 76%. Revenue increased 8%, and underlying PBT rose 7%. Administrative expenses grew, primarily due to investment in staffing and technology. The company maintains a strong liquidity profile and focuses on corporate interest optimization.
**Risk Management and Sustainability**
The company outlined its principal risks, including competition, market risk, and regulatory compliance. It highlighted its risk management strategies, such as diversification, robust controls, and a focus on resilience. IntegraFin also formalized its sustainability efforts through a Responsible Business Strategy, aiming to embed sustainability at the core of its business.
**Conclusion**
IntegraFin Holdings plc demonstrated robust financial performance, strategic advancements, and a commitment to sustainability in FY25. With a strong market position, focus on efficiency, and investment in technology, the company is well-prepared to navigate the evolving wealth management landscape and deliver value to shareholders, clients, and advisers.