Integrafin Holdings Plc · LSE:IHP
Integrafin — Q2 2026 Earnings Presentation
31 slides from Integrafin's earnings presentation, May 20, 2026
Slide 1: Results Presentation
Results Presentation Six months ended 31 March 2026 Accelerating earnings growth 1
Slide 2: Agenda
Agenda 1 Summary Financial results 2 HY 2026 3 Business update 4 Key takeaways Alex Scott Euan Marshall Chief Executive Officer Chief Financial Officer 5 Q&A 2
Slide 3: Summary: An Exceptional Market Position
Summary An Exceptional Market Position Alex Scott Chief Executive Officer 3
Slide 4: An Exceptional Market Position
An Exceptional Market Position c.25% market share Leading Adviser We are a leading adviser platform by net flows with an exceptional market position of net flows Platform Multi-award High Quality The quality of our proposition and service means that we have very strong endorsement from winning advis
Slide 5: Long-Term and Resilient Growth
Long -Term and Resilient Growth We have delivered strong growth since IPO, with a step change in profitability from HY26 Closing FUD – HY18 vs HY26 Revenue – HY18 vs HY26 Underlying PBT – HY18 vs HY26 Underlying ~42% ~51% profit margin >160% >90% >130% £77.8bn £85.8m £43.9m £29.8bn £44.6m £18.7m HY1
Slide 6: HY26 Acceleration in Profitability
HY26 Acceleration in Profitability The business has excellent organic growth momentum, with strong net flows and careful revenue yield and cost management driving 16% PBT growth Strong Growth in Strong Net Flows Record Group Revenue Cost Efficiency Strong Dividend Growth Underlying PBT Profit Margin
Slide 7: Record gross and strong net inflows in HY26
Record gross and strong net inflows in HY26 Net inflows to the Transact platform (£bn) Key Takeaways 7.3% 7.3% 6.7% ▪ Transact’s market -leading proposition delivered record gross inflows of over £6bn in HY26, up 18% 5.5% 5.4% 5.1% 5.8% 1.3 ▪ This resulted in net inflows (2nd best ever HY 5.6% 1.2 1
Slide 8: Key workstreams enhancing our proposition
Key workstreams enhancing our proposition 1 2 3 Transact integrations Automation and AI enhancements IHP cost and efficiency programme ▪ New enhanced Transact API framework ▪ Platform proposition efficiencies and ▪ Administrative cost growth moderated in straight through processing HY26 ▪ Building b
Slide 9: Financial Results HY26
Financial Results HY26 Delivering top -line growth and cost discipline Euan Marshall Chief Financial Officer 9
Slide 10: Step change in profitability
Step change in profitability Average daily Funds Under Direction (£bn) Group revenue (£m) 77.5 80.0 +17% YoY +11% YoY 85.8 70.0 66.3 77.2 60.0 57.0 70.4 52.6 66.5 50.0 40.0 30.0 HY23 HY24 HY25 HY26 HY23 HY24 HY25 HY26 Group underlying profit before tax (£m), and margin (%) Underlying earnings per sh
Slide 11: Platform revenue growth despite market volatility
P latform revenue growth despite market volatility Transact revenue (£m) Key Takeaways £m +11% ▪ Strong revenue growth on the Transact platform 83.2 0.8 74.7 ▪ Annual charge income up 14% in HY26, driven by a 17% 6.0 increase in daily average FUD 0.7 6.7 ▪ Wrapper fee income decreased due to the imp
Slide 12: Scalable platform delivering revenue growth
Scalable platform delivering revenue growth Platform revenue (£m), and platform revenue margin (bps) Key Takeaways £m bps ▪ Transact platform revenue has grown consistently over time, HY23 Key-26takeaways CAGR: 9% 24.4 23.9 83.2 22.5 • Transact ▪ Platform revenue platform margin revenue declined in
Slide 13: Delivering on cost management initiatives
Delivering on cost management initiatives HY26 Total underlying administrative expenses (£m) Key Takeaways £m +2.4 46.4 ▪ Good progress achieved implementing efficiency 44.7 -0.7 initiatives including enhanced productivity in Group 12.2 12.9 support and operational functions ▪ Group on track to deli
Slide 14: Appropriate liquidity at IHP level
Appropriate liquidity at IHP level Group liquidity position (£m) Key Takeaways 281.5 ▪ Of the £281m of Group liquidity, most of the liquidity resources need to be held to run our business ▪ After deducting these amounts, and additional liquidity (154.4) held in subsidiaries, liquidity held in the IH
Slide 15: Cash-generative business model
Cash -generative business model Dividend history since IPO ( pps ) Key Takeaways 11.3 ▪ Highly cash generative business model with strong cash 10.4 conversion. D isciplined cash management enables 10.0 10.2 10.2 growth of dividends over time 8.3 ▪ Cash generated (excluding life insurance reserves an
Slide 16: Unchanged revenue and cost guidance for FY26 and FY27
Unchanged revenue and cost guidance for FY26 and FY27 We are focused on growing revenue and managing the platform revenue margin. We expect the reduction in platform revenue margin to slow with the decrease primarily driven by the tiered charging structure, as well as the annualisation of pricing
Slide 17: Strategic levers delivering enhanced profit margin
Strategic levers delivering enhanced profit margin ✓ Strong net flows Transact is very well positioned to continue to attract strong net inflows in a growing UK adviser fundamentals platform market, underpinned by a market -leading proposition ✓ Platform revenue growth Delivering platform revenu
Slide 18: IHP business update
IHP business update Evolving our market -leading proposition Alex Scott Chief Executive Officer 18
Slide 19: A growing UK adviser platform market
A growing UK adviser platform market Large growth opportunity for UK platforms Fundscape growth projections for UK adviser platform assets UK Investable Assets that over time could move to UK Platforms £2,000bn An additional c.£2.0trn + UK Platform Market £1,500bn c.£1.3trn UK Adviser £1,000bn Platf
Slide 20: Taking further market share
Taking further market share Transact’s share of net flows to the UK adviser platform market Key Takeaways 35.0% 32.0% 29.0% 27% ▪ Continued delivery of strong net inflows to the Transact 25% platform demonstrating the ongoing appeal of our 26.0% 23% 23.0% proposition 19% 20.0% 17.0% ▪ Transact ranke
Slide 21: Transact is growing share with consolidators
Transact is growing share with consolidators Transact has a strong transfer ratio of 2.8 with all firms, and a growing ratio with consolidators of 2.3 Priorities for advice firm consolidators Transact’s alignment to consolidator priorities ✓ Breadth of wrapper proposition, including bonds and trusts
Slide 22: AI and automation to support our proprietary technology proposition
AI and automation to support our proprietary technology proposition AI and automation workstreams Workstreams underway: ▪ Continued development of Transact APIs; this is key to facilitate platform data flows enabling advice firms to use AI Tools Proprietary technology, ▪ AI enabled testing of propri
Slide 23: Ongoing demand for personal financial advice
Ongoing demand for personal financial advice Demand for trusted, relationship -led financial planning continues to grow and AI provides the opportunity for advice firms to become more efficient, scaling to serve more clients UK financial advice firms to leverage new AI tools to grow scale Improving
Slide 24: IHP's proprietary proposition is difficult to replicate
IHP’s proprietary proposition is difficult to replicate The Transact platform combines proprietary technology and award -winning service levels, with extensive in -house experience of software development and UK tax rules A market leading proposition Leading and trusted brand - Professional Parapl
Slide 25: Key takeaways
Key takeaways Alex Scott Chief Executive Officer 25
Slide 26: Market-leading proposition with growing profit margin
Market -leading proposition with growing profit margin ✓ Transact delivered record gross inflows of £6.0bn and net inflows of £2.4bn in HY26, continuing to gain market share ✓ Group PBT of £43.9m in HY26, up 16%, reflecting disciplined cost management initiatives and revenue growth ✓ Continued evolu
Slide 27: Q&A
27 Q&A Alex Scott Euan Marshall Chief Executive Officer Chief Financial Officer 27
Slide 28: Appendix - IHP Group HY26 Reporting
Appendix 1 - IHP Group HY26 Reporting £m HY26 HY25 Revenue 85.8 77.2 Cost of sales (1.8) (1.6) Gross profit 84.0 75.6 Underlying administrative expenses (46.4) (44.7) Non -underlying administrative expenses 0.0 (8.1) Operating profit 37.6 22.8 Interest income 4.9 5.5 Net gain attributable to policyh
Slide 29: Appendix - Transact's proprietary technology is a differentiator and driver of value
Appendix 2 - Transact’s proprietary technology is a differentiator and driver of value Key Takeaways Platform FUD as at 31.03.26 Technology Provider 1 Nucleus £110.0bn FNZ + Bravura ▪ Technology ownership provides control over platform development and functionality 2 Quilter £105.8bn FNZ ▪ Transact
Slide 30: Appendix – HY26 reconciliation of shareholder and policyholder cash flow
Appendix 3 – HY26 reconciliation of shareholder and policyholder cash flow Summarised cashflow split by shareholder and policyholder Total Shareholder Policyholder (£m) Profit before tax 56.2 43.9 12.3 Cash generated from operating activities 383.8 32.3 351.5 Net cash generated in investing activiti
Slide 31: IntegraFin
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