Our clear strategy and business model

Business highlights

1. Proven business model taking share in a growing market


Net inflows of £4.4bn in FY25, with total Funds under Direction (FUD) of £74.2bn.

2. Effective strategy continues to deliver growth


Compelling proposition of dynamic proprietary technology, market‑leading service, and value for money.

3. Strong financial performance, driven by the Transact platform


FY25 Revenue of £156.8m, up 8% YoY; high quality of earnings with cash generated at 94% of underlying PAT.

4. Highly profitable business with a focus on enhancing profit margins


FY25 underlying PBT margin of 48%, with cost and efficiency initiatives being implemented to drive future productivity and margin expansion.

5. Clear capital allocation plan


FY25 dividend per share of 11.3p, up 9% YoY, and underpinned by a capital allocation plan that prioritises our shareholders.

Driving IntegraFin's financial growth

Strong net flows fundamentals


Transact is very well positioned to continue to attract strong net inflows in a growing UK adviser platform market, underpinned by a market‑leading proposition.

Platform revenue growth


Delivering platform revenue growth, whilst managing revenue margin.

Group‑wide cost management, as well as technology investment


Reducing the rate of Group underlying cost growth, and cost to serve clients, by leveraging technology and implementing cost savings.

Delivering sustainable IHP earnings growth and strong cash generation in FY26 and FY27

Annual Report

Unlocking value through integration

In FY25, our technology focus was on increasing the ways in which our platform and back-office propositions could interface with other third-party software. For more information on these developments and IntegraFin’s financial performance during the year, please read our Annual Report.

Annual Report 2025