Andrew Denton
CEO
Replay available
Alfa Financial Software Holdings PLC (ALFA) Q2 2025 Earnings Call
Alfa Financial Software Holdings PLC (LSE: ALFA) Q2 2025 earnings conference call, held 2025-09-04. Replay captured from the company's public earnings webcast.
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Featured presenters
Duncan McGrath
CFO
Matthew White
COO
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Alfa Financial Software Holdings Plc.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.597 Hello everyone and welcome to Alpha's 2025 half-year results. 00:00:05.597 -- 00:00:11.163 I'm Andrew Denton, Alpha's CEO, and I'm joined as always by our CFO, Duncan McGrath, 00:00:11.163 -- 00:00:14.685 and our COO, Matthew White. 00:00:14.787 -- 00:00:18.731 In overview, Alpha has had an outstanding first half. 00:00:18.731 -- 00:00:22.776 We've continued to focus on growing subscription revenue, and we've seen that grow by 00:00:22.776 -- 00:00:24.567 17%. 00:00:24.567 -- 00:00:29.693 We've also seen strong growth in subscription TCV at 12% 00:00:29.693 -- 00:00:33.014 versus the first half of last year. 00:00:33.257 -- 00:00:37.962 This year, for the first time, and in subsequent years, we will be publishing annual 00:00:37.962 -- 00:00:41.586 recurring revenue and net revenue retention. 00:00:41.586 -- 00:00:46.452 Duncan will outline the detail behind this, but in summary, we've seen annual recurring 00:00:46.452 -- 00:00:51.578 revenue of 42 million, which is up 16% on the first half of last year, 00:00:51.578 -- 00:00:55.140 and net revenue retention of 112%. 00:00:55.297 -- 00:01:00.044 I'm delighted with the growth in annual recurring revenue, and our net revenue retention 00:01:00.044 -- 00:01:05.473 figure shows that Alpha's industry-leading customer retention is just as strong 00:01:05.473 -- 00:01:11.980 in a SaaS-only world as we grow our customer base with new subscription sales. 00:01:12.584 -- 00:01:17.672 Subscription revenues now make up 34% of total revenues, and we have 23 00:01:17.672 -- 00:01:22.777 Alpha Cloud customers, which is up from 20 this time last year. 00:01:23.056 -- 00:01:27.064 More generally, we've seen strong sales and delivery momentum continue through from the 00:01:27.064 -- 00:01:32.614 f...