What Happened to IntegraFin Holdings plc Shares on 13 November 2026?

IntegraFin Holdings plc (LSE:IHP) shares eased 0.13% to 380.5p on 13 November 2026. The platform operator was in focus after publishing half year results for the six months ended 31 March 2026 on 20 May 2026, followed by a quarterly update in July.

The update reported higher profit, a growing client base and an increased interim dividend.

Client numbers have risen steadily, which adds to the base of Assets on the platform over time.

Key Highlights

Underlying profit before tax rose 16% to £43.9m, and diluted underlying Earnings Per Share rose 14% to 10.0p. The first Interim Dividend was 3.8p per share, up 15% from 3.3p.

Group Revenue rose 11% to £85.8m, and 99% of platform revenue came from recurring streams. Transact platform clients increased 6% to 254,667.

About IntegraFin Holdings plc

IntegraFin Holdings is the Holding Company for Transact, the UK's adviser Investment platform. Transact holds assets, tax wrappers, records and transactions in one place for clients of financial advisers.

The group also provides CURO, a customer relationship management system for advice firms.

Funds Under Direction

At 30 June 2026, funds under direction on the Transact platform reached £85.5bn, up 23% year on year. Net inflows in the quarter were £1.0bn, and platform clients reached 256,796.

Management said Transact holds around 10% of the UK adviser platform market.

Outlook and Cost Guidance

The group remains on track to limit cost growth to around 3% per annum in FY26 and FY27. Management also raised expectations for net interest income to £10m in FY26 and £11m in FY27.

Transact is positioned to continue capturing a share of adviser platform net inflows, according to management.

FY25 Reference Points

For the year ended 30 September 2025, net inflows were £4.4bn, up 76%, and closing funds under direction were £74.2bn, up 16%. The total dividend was 11.3p, up 9%.

Profit before tax for the year rose 7% to £75.4m, and Transact clients increased 5% to 246,191.

Leadership

Chief Executive Alex Scott leads the group, which marked the 25th anniversary of Transact in 2025. Management has said it continues to execute on three levers to grow Shareholder returns.

Stephanie Wallace was appointed Company Secretary from 1 June 2026.

Understanding Funds Under Direction

Funds under direction is the value of client assets held on the platform, and it is the main driver of platform revenue. Net inflows show new money added after withdrawals, separate from market movements.

Recurring revenue means income that repeats from ongoing platform charges, giving visibility of earnings.

Why the Update Matters for the Sector

Adviser platforms are followed for asset growth, client service and cost control. Transact's results show how consolidation among advice firms can concentrate assets on larger platforms.

The shift towards advice-led investing also supports Demand for administration and tax-efficient wrappers.

Platform Model

Transact charges fees linked to the value of assets on the platform, with charging bands that reduce the effective rate as portfolios grow. This structure rewards advisers who place larger portfolios on the platform.

The group's revenue is highly recurring, because platform fees continue for as long as clients hold assets. Investment in technology and client service is designed to keep the platform reliable and efficient.

Advice firms use the platform to manage portfolios, tax wrappers and reporting for their clients in a single environment.

Key Growth Catalysts

Growth in funds under direction, a rising client count and cost discipline give the group several routes to support earnings. Technology and efficiency initiatives are a continuing focus.

Factors to Monitor

Platform revenue is linked to asset values, so market movements influence fees. Competition and regulation shape the adviser platform sector.

What Investors Should Watch Next

Investors may wish to follow quarterly updates on funds under direction, net inflows, client numbers and full-year results.

Conclusion

IntegraFin Holdings plc (LSE:IHP) eased 0.13% to 380.5p on 13 November 2026. IntegraFin reported 16% higher Underlying Profit before tax, funds under direction of £85.5bn and a 15% higher interim dividend. Full-year results are the next detailed update.