Fintel (FNTL) H2 2025 earnings summary

Executive summary

• Delivered strong trading in 2025 with earnings up 17% and revenue up 9.6% year-over-year to GBP 85.9 million, driven by strategic transformation and targeted investments in technology and data platforms.

• Realigned business from three segments to two divisions: software & data, and professional services, embedding a new operating structure.

• Integrated nine acquisitions, streamlining operations and embedding a unified technology and sales platform, including the launch of new digital and AI-enabled compliance tools.

• Expanded proprietary platforms, notably Matrix 360 and Omnicore, and invested in AI-driven compliance tools.

• Maintained a large, diverse customer base with average intermediary tenure over nine years.

Financial highlights

• Adjusted EBITDA rose 17% to GBP 25.9 million, with margin improving 180 bps to over 30%.

• Recurring revenues from SaaS and subscriptions reached GBP 48.8 million, 57% of total revenue.

• Earnings per share increased 4% to 13.7 pence; recommended dividend up 4% to 3.8 pence.

• Cash conversion strong at 102%, closing cash balance at GBP 17.3 million.

• Net debt/EBITDA ratio at 1.2x, with increased revolving credit facility to GBP 120 million and £72.5m headroom.

Outlook and guidance

• Positioned for accelerated organic growth in 2026 and beyond, leveraging unified platforms, expanded service offerings, and scalable technology.

• Plans to expand Defaqto ratings, Matrix 360 into banking and asset management, and Omnicore to the wider market.

• Continued investment in technology, data assets, and targeted M&A to support growth strategy.