Half Year Trading Update and Notice of Results

Fintel PLC

30 July 2026

 

30 July 2026

Fintel plc

("Fintel", the "Company", the "Business" or the "Group")

Half Year Trading Update and Notice of Results

Strong trading plus margin accretion

Fintel (AIM: FNTL), a leading provider of fintech and support services to the UK retail financial services sector, today issues an unaudited trading update for the six months ended 30 June 2026 ("H1" or the "Period").

Matt Timmins, CEO of Fintel plc

"We have delivered a strong first half performance, with organic growth across our core Software, Data and Distribution activities, continued expansion in recurring revenues and double-digit EBITDA growth.

Alongside this, we have continued to execute our strategic priorities, strengthening our technology and data capabilities and simplifying the Group to create a focused quality business. We remain confident in delivering further strategic and financial progress in 2026."

Financial highlights - strong trading momentum, in line with Board expectations

·      Organic¹ adjusted EBITDA² growth of 11.2% to £11.8m (HY25: £10.6m), reflecting improved performance and efficiency in the business.

·      Organic¹ revenue increased 2.0% to £37.4m (HY25: £36.7m) driven by continued growth in Software and Data of 2.9%, or £18.4m to £18.9m, and organic growth in Services of 1.1%, or £18.3m to £18.5m.

·      Total continuing revenue¹ of £38.6m (HY25: £36.7m), following the acquisition of Pearson Ham's market pricing business (MPN) and disposal of Gateway Surveying Services and APS Legal & Associates in April 2026. 

·      SaaS & Subscription revenue for the continuing business increased 7.9% to £26.1m, (HY25: £24.2m).

·      Strong balance sheet with £7.3m cash and £76.5m of headroom in £120m Revolving Credit Facility.

·      Net debt³ of £38.2m representing leverage of 1.4x after significant investment in acquisitions, people, products and services.

Strategic and operational highlights

·      Launched Omnicore, a whole-of-market distribution platform, broadening access to the mortgage and protection markets.

·      Continued strong momentum in Defaqto Matrix360, with the platform now serving 26 institutional insurance customers.

·      Launched Trust, Fintel's AI-enabled compliance and oversight solution, extending technology penetration across our market leading intermediary customer base.

·      Completed the acquisition of Pearson Ham's market pricing business in January 2026, significantly enhancing Fintel's proprietary data assets and market intelligence capabilities.

·      Completed the disposal of Gateway Surveying Services and APS Legal & Associates, enabling the Group to focus on higher-margin software, data and services activities.

Outlook - Trading in line with expectations, underpinned by strong recurring revenues and positive structural growth drivers

The Group continues to benefit from positive structural growth drivers, including increasing demand for technology, data and regulatory support across the UK retail financial services sector. Current trading year ending 31 December 2026 remains in line with the Board's expectations.

Notice of Results

Fintel plans to release its results for the six months ended 30 June 2026 on 15 September 2026.

Footnotes

¹ Organic performance measures represent the Group's continuing operations, excluding Gateway Surveying Services and APS Legal & Associates (disposed businesses) and the contribution from MPN, acquired during the Period.

The tables below reconcile statutory results to organic continuing operations:

	H1 2026	H1 2025
Adjusted EBITDA	£m	£m	% change
Organic continuing operations	11.8	10.6	11.2%
Inorganic - acquired business	0.6	-	n/a
Subtotal - continuing operations	12.4	10.6	16.6%
Discontinued operations	0.3	0.6	n/a
Total adjusted EBITDA2	12.7	11.2	13.3%

	H1 2026	H1 2025
Revenue	£m	£m	% change
Organic continuing operations	37.4	36.7	2.0%
Inorganic - acquired business	1.2	-	n/a
Subtotal - continuing operations	38.6	36.7	5.3%
Discontinued operations	3.5	5.7	n/a
Statutory revenue	42.1	42.4	(0.6%)

²Adjusted EBITDA is earnings before interest, tax, depreciation, amortisation, share option charges and exceptional operating costs.

³Net debt represents the Group's total borrowings less cash and cash equivalents. Net debt figures include lease liabilities and prepaid bank fees, with the prior year restated on a comparable basis to ensure consistency.

For further information, please contact:

Fintel plc Phil Smith (Non-Executive Chairman) Matt Timmins (Chief Executive Officer) David Thompson (Chief Financial Officer)	via MHP Group
Cavendish (Nominated Adviser & Joint Broker) Marc Milmo Neil McDonald Pearl Kellie	[phone] [phone] [phone]
Panmure Liberum (Joint Broker) James Sinclair-Ford Rupert Dearden Inaya Rafiq	[phone]
Peel Hunt (Joint Broker) Benjamin Cryer Kate Bannatyne Alice Lane	[phone]
MHP Group (Financial PR) Reg Hoare Matthew Taylor Lexi Iles	[phone] [e-mail]

Notes to Editors

Fintel is a leading provider of software and services to the UK retail financial services sector. Through its two divisions, Software & Data and Services, and portfolio of trusted brands including Defaqto, Simplybiz and threesixty, Fintel provides technology and expert support services to thousands of intermediary businesses, data and distribution services to hundreds of financial institutions, and expert product ratings that empower millions of consumers to make better informed financial decisions.

For more information about Fintel, please visit the website: www.wearefintel.com

 

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