For the six months ended June 30, 2025, group revenue rose 18.6% to £42.4 million
LONDON: Fintel plc (AIM: FNTL), a leading provider of software and support services to the UK retail financial services sector, reported robust half-year results Tuesday, underscoring its strategic transformation and integration of nine acquisitions.
For the six months ended June 30, 2025, group revenue rose 18.6% to £42.4 million, with organic revenue up 4% to £37.2 million. SaaS and subscription revenues climbed 21.1% to £24.2 million, reflecting the company’s pivot toward recurring, high-margin software and data services.
Adjusted EBITDA increased 17% to £11.2 million, while adjusted earnings per share rose 14% to 5.7p. Statutory EBITDA surged 26.5% to £8.6 million. Fintel also announced an interim dividend of 1.3p, up 8.3% from the prior year.
CEO Matt Timmins said the results validate Fintel’s business model and strategic direction. “We’ve successfully integrated nine acquisitions into two focused divisions, positioning ourselves to capture substantial opportunities ahead,” Timmins said.
The Software & Data Division posted a 17% revenue increase to £18.4 million, with £12.3 million in recurring revenue. The Services Division grew 20% to £24 million, including £11.9 million in recurring revenue.
The acquisition of Rayner Spencer Mills Research (RSMR) contributed £1.7 million in revenue and £0.6 million in EBITDA. Fintel also announced a new £120 million revolving credit facility, replacing its previous £80 million RCF, enhancing financial flexibility and reducing borrowing costs.
Leadership changes include John Milliken, former CEO of Defaqto, as head of the Software & Data Division, and Alex Whitson, former CEO of VouchedFor, leading the Services Division.
Fintel said performance since the period end remains in line with expectations, and the company is confident in delivering full-year targets.