IntegraFin Holdings plc, operator of the Transact investment platform, reported strong half-year results for the six months ended 31 March 2026. Key highlights include
**Financial Performance**
Underlying profit before tax (PBT) increased by 16% to £43.9 million.
Underlying earnings per share (EPS) rose by 14% to 10.0p.
Group revenue grew by 11% to £85.8 million, driven by higher average daily funds under direction (FUD).
Closing FUD reached £77.8 billion, up 18% from the same period last year, with strong net inflows of £2.4 billion.
**Operational Growth**
The Transact platform client base expanded by 6% to 254,700 clients.
Net inflows increased by 14% to £2.4 billion, reflecting strong demand for the platform.
The Groups market share of net flows to the adviser platform market was approximately 25% during the period.
**Dividend**
The Board declared a first interim dividend of 3.8 pence per share, a 15% increase from the previous year.
**Strategic Initiatives**
Continued investment in technology, including AI and automation enhancements, to improve efficiency and support profit margin expansion.
Cost management initiatives are on track, with full-year cost growth expected to be limited to around 3% per annum for FY26 and FY27.
**Outlook**
Transact is well-positioned to capture a growing share of the adviser platform market.
The Group expects to continue accelerating profit growth and enhancing profit margins, driven by recurring revenue and scale benefits.
**Corporate Changes**
David Johnson stepped down as Company Secretary, replaced by Stephanie Wallace.
Overall, IntegraFin demonstrated robust financial and operational performance, underpinned by its strategic focus on technology, cost management, and market expansion.
| Financial Metric | HY 2026 | HY 2025 | Year-on-Year Change |
|---|---|---|---|
| Total Group Revenue | £85.8m | £77.2m | +11% |
| Reported Profit Before Tax (PBT) | £43.9m | £29.8m | +47% |
| Underlying Profit Before Tax (PBT) | £43.9m | £37.9m | +16% |
| Reported Earnings Per Share (EPS) - Diluted | 10.0p | 6.3p | +59% |
| Underlying EPS - Diluted | 10.0p | 8.8p | +14% |
| Net Inflows | £2.4bn | £2.1bn | +14% |
| Closing Funds Under Direction (FUD) | £77.8bn | £65.9bn | +18% |
| Average Daily FUD | £77.5bn | £66.3bn | +17% |
| Transact Platform Clients | 254,667 | 241,197 | +6% |
| First Interim Dividend per Share | 3.8p | 3.3p | +15% |