IntegraFin first half funds under management up amid market volatility

IntegraFin PLC on Wednesday reported a rise in funds under direction in its first half.

In the six months ended March 31, the London-based investment platform’s funds under direction growth was up 8.0% to £65.9 billion, from £61.0 billion the year prior.

The company’s net inflows were £2.1 billion, up 91% on-year from £1.1 billion.

Compared to six months earlier, funds under direction rose 2.8% from £64.1 billion.

IntegraFin had a pretax profit of £29.8 million for the half-year, down 8.0% from £32.4 million 12 months earlier. This was attributed to an impairment of goodwill as well as other intangible assets relating to the acquisition of T4A for £7.5 million during the period.

Revenue was up 9.7% to £77.2 million, from £70.4 million.

IntegraFin said global market volatility hit the Transact division’s funds under management last month. The average daily funds under management was £64.4 billion in April. FUD stood at £65.8 billion at the end of the month.

‘Alongside the ongoing recovery in global equity indices, FUD has continued to improve as May has progressed,’ IntegraFin said.

IntegraFin shares fell 5.5% to 309.50 pence in London on Wednesday morning.

IntegraFin declared an interim dividend of 3.3 pence per share, up 3.1% from 3.2 pence.

Looking ahead, IntegraFin said that its cost guidance for financial 2026 and beyond remains unchanged.

Chief Executive Officer Alexander Scott said: ‘Despite the global uncertainty impacting equity markets in recent months, we are confident that our strong platform proposition and the secular trends affecting the UK savings and investment market remain very favourable.’

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