Business
Full Year Results
Full Year Results.
About this update from Fintel Plc
[{"type":"text","content":"\n\n18th March 2025\n \nFintel plc\n(\"Fintel\", the \"Company\", the \"Business\" or the \"Group\")\nFull year results for the year ended 31 December 2024\nPositive financial performance and significant strategic advancements\n \nFintel (AIM: FNTL), a leading provider of fintech and support services to the UK retail financial services sector, today announces its audited consolidated results for the year ended 31 December 2024.\nMatt Timmins, Joint CEO of Fintel said:\n\"2024 has been a seminal year for Fintel, marked by continued strategic advancements and strong financial performance. The company has delivered robust results, with complementary acquisitions contributing to substantial growth in SaaS and subscription-based revenues.\nWe have expanded the Fintel group by welcoming four new businesses in 2024, with the previously announced acquisition of RSMR successfully completing in January 2025. These strategic acquisitions, combined with ongoing investments in our proprietary technology and data solutions, have enhanced our intellectual property, scale, and market presence, laying the foundation for sustained organic growth.\nLooking ahead, we remain confident in our ability to achieve further progress. We have started the year positively, trading in line with Board expectations, and onboarding six new customers to our Matrix 360 market intelligence software. With our comprehensive technology platform strongly positioned to capitalise on further growth opportunities within the fragmented retail financial services sector, we see material opportunities for value creation across our family of brands.\"\n Financial highlights - Positive performance and significant strategic progress\n· Core1 revenue increased to £68.9m (FY23: 56.6m), up 22%, supported by revenue of £15.0m (FY23: £1.5m) from our acquired portfolio.\n· Adjusted EBITDA2 growth of 8.5% to £22.2m (FY23: £20.5m), following investment to expand products, services and capabilities.\n· Core SaaS & Subscription revenue up 17% to £44.1m (FY23: £37.6m) building on our quality recurring revenue streams.\n· Four acquisitions completed in 2024 with initial net cash investment of £16.6m, delivering combined core revenues of £7.5m in the...