IntegraFin Holdings plc (IHP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the interim results presentation for Integrity and Holdings for the six-month period ended 31st of March 2025. I'm Alex Scott, Group Chief Executive, and joining me here today is our Group Chief Financial Officer, Ewan Marshall. I'm going to kick off with an overview of the Group's highlights during the last six months. I will then hand over to Ewan to run you through the Group's financial performance in the period. Finally, I'll close with an update on the Transact platform and a strategic update on Time for Advice before moving on to Q&A. The Group's platform business continued to demonstrate strong performance in attracting flows, driven by our market-leading proposition. We delivered net inflows of £2.1 billion in the half-year of 2025, up 91% from the prior year comparison. Our consistently high standards of client service help Transact achieve the highest net promoter score for overall user satisfaction in the 2025 Investment Trends Platform Survey. We are particularly pleased to achieve this high net performer score as it is voted on by advisors and it underlines our commitment to delivering excellent client service. We also delivered strong growth in the group's underlying financial performance, with underlying profit before tax in the half year up 13% on the prior half year. Furthermore, average daily funds under direction also recorded record highs in the period. Underpinning these impressive results is our consistent delivery of positive client outcomes, and of course we don't retain any interest on client cash, paying this all onto our clients in full. Our established business model continued to drive growth in FUD and clients over the course of the period, with client numbers up 4% year-on-year. Record group revenue as well as...