IntegraFin Holding

IHP · Main Market · Financial Services · mcap £1,250m · 384.0p

Beta Briefing, track record and signals & risks are not ready for IntegraFin Holding yet.

We follow 967 UK small caps and every one of their announcements – often hundreds per company. 71 companies are already wired into a briefing: browse them.

Financials · balance sheet 31 Mar 26 · last twelve months · today’s market value

Source: results 20 May 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £1,269m
Owner’s net cash: £258.9m
Net cash / market cap: 20%
EV ex leases: £1,010m
Revenue: £165.4m
Operating profit: £68.0m
Free cash flow after leases: £507.7m
EV / EBIT: 14.8×
FCF yield: 40.0%
Price / tangible book: 5.79×
Net income (owners): £63.1m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Trading update 13 Oct 266 figures since the last report

Q4 FY26 net inflows £0.9bn, year-end FUD £86.5bn, up 17% year-on-year; FY26 revenue expected c.£177m, up 13%.

FUD at 30 September 2026	£86.5bn	£74.2bn
Q4 FY26 net inflows	£0.9bn	£1.0bn
FY26 net inflows	£4.2bn	£4.4bn
FY26 gross inflows	£11.2bn	£10.1bn
FY26 expected revenue	c.£177m	£156.8m
Platform clients	258,154	246,191

As stated by the company, unaudited. Read it →

Latest report: H1 Mar 26 (six months to 31 Mar 26), published 20 May 26 · read the results ↗

Source ↗

	2026 Unaudited £m	2025 Unaudited £m
Revenue	85.8	77.2
Cost of sales	(1.8)	(1.6)
Gross profit	84.0	75.6
Expenses
Administrative expenses	(46.4)	(52.8)
Operating profit	37.6	22.8
Interest income using the effective interest method	4.4	5.6
Other interest and similar income	1.1	-
Interest expense	(0.6)	(0.1)
Net policyholder returns
Net gain/(loss) attributable to policyholder returns	13.7	(1.1)
Change in investment contract liabilities	(628.6)	104.7
Fee and commission expenses	(138.6)	(121.5)
Policyholder investment returns	767.2	16.8
Net gain/(loss) attributable to policyholder returns	13.7	(1.1)
Profit on ordinary activities before taxation attributable to policyholders and shareholders	56.2	27.2
Policyholder tax (charge)/credit	(12.3)	2.6
Profit on ordinary activities before taxation attributable to shareholders	43.9	29.8
Total tax attributable to shareholder and policyholder returns	(23.2)	(6.0)
Less/(add back): tax attributable to policyholder returns	12.3	(2.6)
Shareholder tax on profit on ordinary activities	(10.9)	(8.6)
Profit for the period	33.0	21.2
Other comprehensive gain/(loss)
Exchange gain/(loss) arising on translation of foreign operations	0.2	(0.2)
Total other comprehensive gain/(loss) for the period	0.2	(0.2)
Total comprehensive income for the period	33.2	21.0
Earnings per share
Ordinary shares - basic	10.0p	6.4p
Ordinary shares - diluted	10.0p	6.3p

Source ↗

	31 March 2026 Unaudited £m	30 September 2025 Audited £m
Non-current assets
Investments	-	2.5
Loans receivable	4.7	5.9
Intangible assets	13.2	13.2
Property, plant and equipment	5.0	5.4
Right-of-use assets	12.3	12.9
Deferred tax asset	0.8	0.7
Total non-current assets	36.0	40.6
Current assets
Investments	31.9	24.5
Prepayments and accrued income	21.1	20.2
Trade and other receivables	1.9	2.0
Current tax asset	2.8	0.1
Cash and cash equivalents	258.9	243.9
Total current assets	316.6	290.7
Current liabilities
Trade and other payables	26.5	25.5
Provisions	26.4	16.8
Lease liabilities	1.2	0.9
Total current liabilities	54.1	43.2
Non-current liabilities
Provisions	0.5	1.1
Lease liabilities	12.0	12.1
Deferred tax liabilities	53.7	50.0
Total non-current liabilities	66.2	63.2
Policyholder assets and liabilities
Cash held for the benefit of policyholders	2,237.7	1,895.0
Investments held for the benefit of policyholders	33,189.0	31,849.9
Liabilities for linked investment contracts	(35,426.7)	(33,744.9)
Net assets	232.3	224.9
Equity
Called up equity share capital	3.3	3.3
Share-based payment reserve	5.3	4.7
Employee Benefit Trust reserve	(3.7)	(3.6)
Foreign exchange reserve	(0.1)	(0.3)
Non-distributable reserves	5.7	5.7
Retained earnings	221.8	215.1
Total equity	232.3	224.9

Source ↗

	2025 £m	2024 £m
Revenue	156.8	144.9
Cost of sales	(3.4)	(3.0)
Gross profit	153.4	141.9
Expenses
Administrative expenses	(100.2)	(85.0)
Expected credit losses on financial assets	-	0.1
Operating profit	53.2	57.0
Interest income using the effective interest method	10.2	10.6
Other interest and similar income	0.7	0.1
Interest expense	(0.8)	(0.2)
Net policyholder returns
Net gain attributable to policyholder returns	41.5	40.2
Change in investment contract liabilities	(2,753.2)	(3,051.7)
Fee and commission expenses	(264.4)	(232.7)
Policyholder investment returns	3,017.6	3,284.4
Net gain attributable to policyholder returns	41.5	40.2
Profit on ordinary activities before taxation attributable to policyholders and shareholders	104.8	107.7
Policyholder tax charge	(35.7)	(38.8)
Profit on ordinary activities before taxation attributable to shareholders	69.1	68.9
Total tax attributable to shareholder and policyholder returns	(53.5)	(55.6)
Less: tax attributable to policyholder returns	35.7	38.8
Shareholder tax on profit on ordinary activities	(17.8)	(16.8)
Profit for the financial year	51.3	52.1
Other comprehensive loss
Exchange losses arising on translation of foreign operations	(0.2)	-
Total other comprehensive losses for the financial year	(0.2)	-
Total comprehensive income for the financial year	51.1	52.1
EPS
Ordinary shares - basic	15.5p	15.8p
Ordinary shares - diluted 15.	5p	15.7p

Source ↗

	2025 £m	2024 £m
Non-current assets
I nvestments	2.5	-
Loans receivable	5.9	6.5
Intangible assets	13.2	20.9
Property, plant and equipment	5.4	1.5
Right-of-use assets	12.9	2.6
Deferred tax asset	0.7	1.1
Total non-current assets	40.6	32.6
Current assets
Investments	24.5	2.6
Prepayments and accrued income	20.2	18.8
Trade and other receivables	2.0	2.9
Current tax asset	0.1	1.6
Cash and cash equivalents	243.9	244.1
Total current assets	290.7	270.0
Current liabilities
Trade and other payables	25.5	21.7
Provisions	16.8	23.3
Lease liabilities	0.9	2.5
Total current liabilities	43.2	47.5
Non-current liabilities
Provisions	1.1	16.4
Lease liabilities	12.1	0.4
Deferred tax liabilities	50.0	30.0
Total non-current liabilities	63.2	46.8
Policyholder assets and liabilities
Cash held for the benefit of policyholders	1,895.0	1,622.8
Investments held for the benefit of policyholders	31,849.9	27,237.8
Liabilities for linked investment contracts	(33,744.9)	(28,860.6)
Net assets	224.9	208.3
Equity
Called up equity share capital	3.3	3.3
Share-based payment reserve	4.7	4.1
EBT reserve	(3.6)	(3.3)
Foreign exchange reserve	( 0. 3 )	(0.1)
Non-distributable reserves	5.7	5.7
Retained earnings	215.1	198.6
Total equity	224.9	208.3

	LTM Mar 26	FY Sep 25	FY Sep 24
Revenue to operating profit
Revenue	165.4	156.8	144.9
Gross profit	161.8	153.4	141.9
Operating profit	68.0	53.2	57.0
Share-based payments	3.6	2.7	2.3
Operating profit to net income
Finance costs	(1.3)	(0.8)	(0.2)
Profit before tax	83.2	69.1	68.9
Tax	(20.1)	(17.8)	(16.8)
Net income (owners)	63.1	51.3	52.1
Per share
EPS basic	19.1p	15.5p	15.8p
Dividend per share	11.8p	11.3p	10.4p

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25
Revenue to operating profit
Revenue	85.8	+11%	79.6	77.2
Gross profit	84.0	+11%	77.8	75.6
Operating profit	37.6	+65%	30.4	22.8
Depreciation (owned assets)	1.0	−23%	–	1.3
Share-based payments	2.2	+69%	1.4	1.3
Operating profit to net income
Finance costs	(0.6)	+500%	(0.7)	(0.1)
Profit before tax	43.9	+47%	39.3	29.8
Tax	(10.9)	+27%	(9.2)	(8.6)
Net income (owners)	33.0	+56%	30.1	21.2
Per share
EPS basic	10.0p	–	9.1p	6.4p
EPS diluted	10.0p	–	–	6.3p
Dividend per share	3.8p	–	8.0p	3.3p

	LTM Mar 26	FY Sep 25	FY Sep 24
Operating activities
Cash from operations	513.5	330.1	277.2
Tax paid	(18.4)	(12.9)	(9.7)
Investing activities
Capex (PP&E)	–	(4.6)	(0.9)
Financing activities
Lease principal paid	(0.9)	(2.4)	(0.8)
Lease interest paid	(0.3)	(0.1)	(0.2)
Dividends paid	(37.1)	(34.7)	(33.7)
Share buybacks	(1.0)	(1.0)	(0.8)

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25
Operating activities
Cash from operations	383.8	+92%	129.7	200.4
Tax paid	(9.5)	+138%	(8.9)	(4.0)
Investing activities
Capex (PP&E)	–	–	(3.9)	(0.7)
Financing activities
Lease principal paid	(0.1)	−94%	(0.8)	(1.6)
Lease interest paid	(0.3)	+200%	0.0	(0.1)
Dividends paid	(26.3)	+10%	(10.8)	(23.9)
Share buybacks	(0.5)	0%	(0.5)	(0.5)

	31 Mar 26	30 Sep 25	30 Sep 24
Non-current assets
Other intangibles	13.2	13.2	20.9
Property, plant & equipment	5.0	5.4	1.5
Current assets
Trade receivables	1.9	2.0	2.9
Cash	258.9	243.9	244.1
Current assets	316.6	290.7	270.0
Current liabilities
Trade payables	26.5	25.5	21.7
Lease liabilities, current	1.2	0.9	2.5
Current liabilities	54.1	43.2	47.5
Non-current liabilities
Lease liabilities, non-current	12.0	12.1	0.4
Equity
Total equity	232.3	224.9	208.3

	31 Mar 26	30 Sep 25	30 Sep 24
Non-current assets
Other intangibles	13.2	13.2	20.9
Property, plant & equipment	5.0	5.4	1.5
Current assets
Trade receivables	1.9	2.0	2.9
Cash	258.9	243.9	244.1
Current assets	316.6	290.7	270.0
Current liabilities
Trade payables	26.5	25.5	21.7
Lease liabilities, current	1.2	0.9	2.5
Current liabilities	54.1	43.2	47.5
Non-current liabilities
Lease liabilities, non-current	12.0	12.1	0.4
Equity
Total equity	232.3	224.9	208.3

Read automatically from each results announcement. Check the source before relying on a figure.

Spotted an error in this income statement? Report it

Company filings. Not investment advice.