IntegraFin reports strong net inflows, record platform activity

(Sharecast News) - IntegraFin Holdings reported strong net inflows and record platform activity in its second quarter on Tuesday, as the group continued to attract client assets despite heightened market volatility. The FTSE 250 company said the Transact platform delivered net inflows of £1.3bn in the three months to 31 March 2026, up 8% year-on-year from £1.2bn, representing 6.9% of opening funds under direction on an annualised basis.

Gross inflows reached a quarterly record of £3.1bn, rising 15% from £2.7bn a year earlier, while outflows totalled £1.8bn, compared with £1.5bn in the prior-year period.

Closing funds under direction stood at £77.8bn, an increase of 18% from £65.9bn a year earlier, despite negative market and other movements of £780m in the quarter.

Average daily funds under direction also hit a record £78.9bn, up from £67.1bn, while the number of platform clients grew to 254,667 from 241,197.

For the first half, net inflows totalled £2.36bn, up from £2.13bn in the same period last year, supported by gross inflows of £6.02bn and outflows of £3.66bn.

Market and other movements contributed £1.23bn over the half, helping lift closing funds under direction to £77.8bn.

The group said total revenue for the first half is expected to rise 11% to around £85.8m, compared with £77.2m a year earlier, and reiterated its expectation that underlying administrative expense growth will slow to around 3% in both the 2026 and 2027 financial years, with the moderation weighted towards the second half of the current year.

IntegraFin added that average funds under direction continued to increase in April, reflecting a broader recovery in global equity markets alongside ongoing net inflows, although it was continuing to monitor developments linked to the conflict in the Middle East.

The group noted that its clients' diversified portfolios helped limit the impact of market volatility on funds under direction and revenue.

"We delivered another impressive quarter, with net inflows to the Transact platform of over £1.3bn, and a new record for quarterly gross inflows of over £3.1bn," said chief executive Alex Scott.

"These strong inflows demonstrate that clients and advisers continue to use Transact to invest for the long term despite macro-economic volatility.

"Client numbers grew to over 250,000, driven by the attractiveness of our platform proposition which includes our proprietary technology, best-in-class client service and continual enhancements and innovations."

Scott added that advances in artificial intelligence are being incorporated into the group's investment programme to enhance technology and productivity, while also presenting opportunities for advisers to improve efficiency and broaden client reach.

"Our market-leading proposition continues to attract strong inflows.

"As we drive efficiencies and operational leverage across the business, we expect to deliver strong, sustainable earnings growth."

At 1044 BST, shares in IntegraFin Holdings were up 2.2% at 349p.

Reporting by Josh White for Sharecast.com.

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