Alfa Financial Software Holdings

ALFA · Main Market · Technology · mcap £462m · 160.8p

Alfa sells Alfa Systems, software that lets lenders run vehicle and equipment finance, from loan origination to servicing. It earns subscription fees, software engineering fees and delivery fees for putting the system in at customers.

Target	Promise	Said	Status
Today · 11 Oct 2026
2026
31 Dec 2026	Cash conversion of 80-90% in 2026, averaging 90-100% long term	5 Sep 2024	… In progress
	“We expect cash conversion for 2026 of 80% - 90%, but with long term guidance for average cash conversion to be between 90% - 100%” Also stated 4 Sep 2025 · 3 Sep 2026 Status so far Not yet due.
31 Dec 2026	Strong subscription and good delivery revenue growth in 2026, meeting expectations	12 Mar 2026	… In progress
	“For 2026 we expect strong Subscription revenue growth and good Delivery revenue growth.” Also stated 30 Apr 2026 Status so far Not yet due.
2027
31 Dec 2027	H2 savings give small operating profit benefit in 2026, larger in 2027	30 Jul 2026	… In progress
	“the savings in H2 will outweigh these costs to give a small favourable impact on operating profit for 2026 as a whole and with a more significant benefit in 2027” Status so far Not yet due.