IntegraFin Holding (IHP)

Sector:

Financials

Index:

FTSE 250

349.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 400.00p
  • 52 Week Low: 272.00p
  • Currency: UK Pounds
  • Shares Issued: 331.32m
  • Volume: 735,025
  • Market Cap: £1,156.31m
  • RiskGrade: 134

IntegraFin reports record levels of funds under direction

By Josh White

Date: Wednesday 22 May 2024

LONDON (ShareCast) - (Sharecast News) - Investment platform operator IntegraFin reported a strong financial and operational first half on Wednesday, with a record high level of funds under direction (FUD) on its Transact platform of £61bn on 31 March.
The FTSE 250 company said that represented a 13% increase from the £54bn it recorded at the same point last year.

Net inflows during the half-year totalled £1.1bn, representing 4% of opening funds under direction on an annualised basis, although that was down from £1.6bn in the same period in 2023.

Group revenue for the period rose 6% to £70.4m, driven by higher average daily FUD, which stood at £57bn, compared to £52.6bn a year earlier.

IFRS profit before tax increased 16% to £32.4m, while underlying group profit before tax, adjusted for non-underlying expenses, was up 14% to £33.5m.

Earnings per share also saw growth, with IFRS group earnings per share rising 12% to 7.4p and underlying group earnings per share increasing 8% to 7.7p.

In line with the company's dividend policy, the board declared an interim dividend of 3.2p per share, payable on 5 July to shareholders on the register as of 7 June, with an ex-dividend date of 6 June.

Operationally, IntegraFin said the Transact platform continued to show solid performance with growth across key metrics.

The adviser base expanded 4% to around 7,900 advisers, and the number of clients using the platform grew 1% to around 232,000.

It also reported continued improvements from its digitisation programme, enhancing digital interfaces and streamlining processes and leading to operational efficiencies and an improved experience for clients and advisers.

Additionally, its Time4Advice subsidiary showed steady growth, with total chargeable users increasing 20% to over 3,000, compared to 2,500 in the same period last year.

IntegraFin's financial guidance for the full year ending 30 September remained unchanged, with the group performing in line with expectations.

"I am pleased to report that the group has delivered resilient performance for the first half of the year with revenue up 6% and underlying profit before tax up 14%," said group chief executive Alexander Scott.

"Our people continue to diligently deliver a first-class service to our clients and their advisers through the group's leading technology proposition and deep, trusted relationships.

"Transact continues to grow its client and adviser numbers, as well as deliver resilient net inflows over the period."

Scott said the record levels of client and adviser numbers also presented the company with a "solid pipeline" for future flows.

"We remain dedicated to ensuring positive consumer outcomes, underpinned by our platform digitalisation programme which enhances service and efficiency.

"Above all, we are focussed on our goal of being the number one provider of investment platform software and services for clients and UK financial advisers."

At 0815 BST, shares in IntegraFin Holdings were up 4.81% at 327p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IHP Market Data

Currency UK Pounds
Share Price 349.00p
Change Today -2.50p
% Change -0.71 %
52 Week High 400.00p
52 Week Low 272.00p
Volume 735,025
Shares Issued 331.32m
Market Cap £1,156.31m
RiskGrade 134

IHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.12% below the market average98.12% below the market average98.12% below the market average98.12% below the market average98.12% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
24.28% above the market average24.28% above the market average24.28% above the market average24.28% above the market average24.28% above the market average
10.89% below the sector average10.89% below the sector average10.89% below the sector average10.89% below the sector average10.89% below the sector average
Income
30.73% below the market average30.73% below the market average30.73% below the market average30.73% below the market average30.73% below the market average
68.97% below the sector average68.97% below the sector average68.97% below the sector average68.97% below the sector average68.97% below the sector average
Growth
58.80% above the market average58.80% above the market average58.80% above the market average58.80% above the market average58.80% above the market average
48.39% above the sector average48.39% above the sector average48.39% above the sector average48.39% above the sector average48.39% above the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 6
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IHP Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 05-Jun-25 02-Jan-25
Paid 04-Jul-25 31-Jan-25
Amount 3.30p 7.20p

Trades for 29-Aug-2025

Time Volume / Share Price
16:59 35,800 @ 350.14p
16:38 5,889 @ 349.57p
16:38 20,385 @ 349.57p
16:37 100,000 @ 349.54p
16:35 32 @ 349.00p

IHP Key Personnel

CEO Alexander Scott
Chair Richard Cranfield
CFO Euan Marshall

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