IntegraFin Holdings plc (IHP) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

As you know, I'm Alex Scott. I'm Group CEO of Integrafin, and with me today I have Ewan Marshall, our Group Chief Financial Officer. I'm going to kick off with an overview of highlights from the Group's financial year, and then I'll hand over to Ewan to run you through the Group's financial performance in the period. Then I'll give an update on the Transat platform performance and our strategic progress before moving to Q&A. We're very pleased that the Transat platform finished the year with record high levels of funds under direction, FUD, aided by strong net inflows onto the platform of £2.5 billion, as advisors continue to deepen their trust in our market-leading client service and platform functionality. We delivered record year revenues of £144.9 million, helped by the strong growth in daily average FUD during the period. The excellent performance by our staff in delivering our services and our platform functionality have been consistently recognised over the year, with Transac bringing home the Schroders Awards for Best Large Platform and Best Platform for Discretionary Investment Management. Delivering positive client outcomes has always been at the forefront of what we do across the business, and we've continued to pass to clients all of the interest earned on their cash balances. Our established business model continued to drive growth in FUD clients and advisors over the course of the financial year. Advisor numbers were up 5% and client numbers up 2% despite us continuing to close very small portfolio portfolios during those 12 months. The record levels of group revenue drove underlying profit before tax up 12% and increased our underlying profit margin to 49%, even with our previously guided investment in the group's software development and IT infrastruc...