Half Year Results for the Six Months ended 30 June 2026

Strong first half performance and strategic execution

Fintel (AIM: FNTL), a leading provider of software and support services to the UK Retail Financial Services sector, today announces its unaudited results for the six months ended 30 June 2026.

“Fintel delivered a strong first half performance, with organic growth across our core businesses, continued expansion of recurring revenues and a 16.6% increase in EBITDA from continuing operations. The resulting incremental margin of over 90% demonstrates the strength of our operating model, operational gearing and the benefits of recent acquisitions being integrated across the Group.

Alongside this financial momentum, we continue to execute our strategy, strengthening our proprietary data and increasing our focus on scalable, higher-margin revenues. The acquisition and integration of Pearson Ham's market pricing business enhanced our market intelligence capabilities and supported the continued rollout of our Market intelligence platform (Matrix 360). We further leveraged our data, technology and regulatory expertise through the launch of our AI-enabled compliance and oversight platform, strengthening our intermediary proposition and expanding technology adoption across adviser firms.

In addition, the investment we have made into Plannr (CRM Operating System) has allowed the business to accelerate at a material pace. Plannr’s modern approach to design and engineering puts it at the forefront of the market in terms of capability, usability and flexibility. As a result, Plannr has a significant pipeline of licensees who have actively chosen the solution to power their businesses for the future.

With a growing base of recurring revenues, enhanced proprietary data assets, expanding technology capabilities and increasing participation across adviser and provider value chains, Fintel is well positioned to deliver sustainable long-term growth. Current trading remains in line with Board expectations, and we therefore remain confident in delivering further strategic and financial progress in 2026.’’

Matt Timmins, CEO of Fintel plc

Financial highlights

Organic growth, expanding recurring revenues and double-digit EBITDA growth

• 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% to £18.9m (HY25: £18.4m), and organic growth in Services of 1.1% to £18.5m (HY25: £18.3m).
• Continuing revenue¹ increased 5.3% to £38.6m (HY25: £36.7m), reflecting organic growth and the contribution from the acquisition of Pearson Ham's market pricing business ("MPN").
• SaaS & Subscription revenue increased 7.9% to £26.1m (HY25: £24.2m), demonstrating continued growth in recurring and higher-quality revenue streams.
• 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 adjusted EBITDA after significant investment in acquisitions, people, products and services.

Strategic and operational highlights

Enhancing technology, data and insight capabilities

• Completion of the acquisition of Pearson Ham's market pricing business, enhancing Fintel's data and market intelligence capabilities and strengthening the insight available to advisers, providers and financial institutions.
• Continued integration of Pearson Ham and RSMR, enhancing customer propositions and creating additional opportunities to deliver value across the Group's client base.
• Continued strong momentum in our data services, with the Group’s market intelligence platform (‘’Matrix360’’), expanding into the Banking and Wealth sectors and now supporting 27 institutional customers.

Product innovation and AI adoption

• Our innovation agenda prioritises Plannr, our investment into CRM technology, and Matrix 360, our single source of product intelligence for retail financial services.
• Launch of AI-enabled compliance and oversight platform, extending technology adoption across adviser firms.
• Continued investment in workflow technology, AI and data-driven solutions to improve adviser efficiency, compliance and client outcomes.

Strategic focus – Building a technology-driven platform for UK retail financial services

• Completion of the disposal of Gateway Surveying Services and APS Legal & Associates in April 2026, thereby increasing the Group’s focus on technology, data and professional services activities.
• Launch of a whole-of-market intelligent distribution platform (‘’Omnicore’’), expanding the Group’s distribution and mortgage propositions in strategically important markets
• Fintel enters the second half with a more streamlined operating structure, a clearer strategic focus and an enhanced platform from which to accelerate organic growth and deliver long-term value for shareholders.

CHIEF EXECUTIVE’S STATEMENT

Overview

Fintel delivered a strong first-half performance, with revenue from continuing operations up 5.3% to £38.6m (HY25: £36.7m) and adjusted EBITDA from continuing operations up 16.6% to £12.4m (HY25: £10.6m).

In addition to this financial momentum, we have made significant strategic progress. During the period, Fintel continued to execute its strategy of increasing participation across the retail financial services ecosystem through technology, data and professional services.

The Group launched its AI-enabled compliance and oversight platform, extending technology adoption across adviser customers and creating new opportunities to improve regulatory efficiency and oversight.

Fintel continued to build its proprietary data and insight capabilities through the acquisition of Pearson Ham's market pricing business in January 2026, enhancing its unique data assets and strengthening its ability to deliver intelligence, benchmarking and insight to customers across the financial services ecosystem.

Momentum within Fintel's data businesses remained strong, with Matrix 360, our proprietary market intelligence platform, expanding into the Banking and Wealth sectors and now supporting 27 institutional customers. Fintel also continued the integration of Pearson Ham and RSMR, creating enhanced customer propositions and increasing cross-sell opportunities across the platform. In April 2026, the Group completed the disposal of Gateway Surveying Services and APS Legal & Associates, further increasing focus on our core scalable, higher-margin software, data, distribution and adviser support activities.

Software & Data - Market-leading software & technology, product research and ratings

This division brings together our market-leading technology platforms, proprietary data, and trusted research and ratings. Key propositions include Defaqto ratings, Defaqto Engage, VouchedFor and Matrix 360 - highmargin, scalable products that support better decision-making for hundreds of financial institutions, thousands of intermediaries, and millions of consumers.

This division is focused on enhancing research and ratings, developing decision enhancing tools like Matrix 360 (our single source platform for product intelligence) for key financial sectors, and building the most connected software platform in UK retail financial services. It also supports our ambition to be the partner of choice in the direct-to-consumer space as we support intermediaries in delivering more targeted advice in line with recent regulatory change.

During the period Software & Data revenue increased by 9.6% to £20.2m (HY25: £18.4m) with £14.4m in recurring revenue (HY25: £12.3m). Organic revenue increased by 2.9% to £18.9m. The acquisition of Pearson Ham in the period contributed inorganic revenues of £1.2m.

Services - Integrated regulatory, business support and distribution

This division encompasses our regulatory and business support services serving over 18,000 advisers, wealth managers, and mortgage and protection specialists through a comprehensive membership model. It also provides data-driven distribution solutions helping hundreds of financial institutions to optimise their product distribution strategies and support services to the UK mortgage market.

This division is focused on deepening relationships, increasing products per customer, and driving distribution revenue growth through our strong network of partnerships with financial institutions. Services revenue from continuing operations increased to £18.4m (HY25: £18.3m), with recurring revenues of £11.6m (HY25: £11.8m).

Strategic priorities

Fintel's strategy continues to focus on driving organic growth and selective value-enhancing acquisitions, underpinned by favourable long-term market dynamics. These include increasing demand for technology, data and insights, accelerating adoption of AI-enabled solutions, and a growing regulatory burden across retail financial services, all of which create opportunities for Fintel to help firms operate more efficiently.

The following core priorities underpin our strategy across the Group:

Core Priority 1: Focus on innovation

We continue to channel investment into the high-impact, scalable platforms that sit at the heart of our future growth strategy. Our innovation agenda prioritises Plannr, our investment into CRM technology, and Matrix 360, our single source of product intelligence for retail financial services.

Alongside these platforms, we are accelerating the development of AI-enabled capabilities across the Group. By combining trusted data, proprietary insights and workflow technology, we are creating solutions that help advisers and providers improve productivity, reduce complexity, enhance decision-making and deliver better consumer outcomes. We are also investing in digital compliance, protection solutions, research and ratings capabilities to ensure we remain at the forefront of data-rich, customer-centric innovation. This disciplined focus is expected to drive organic growth, deepen customer engagement and strengthen the foundations for long-term value creation.

Core Priority 2: Target high-growth intermediary markets

We remain focused on markets where long-term structural growth, increasing complexity and the importance of professional advice create attractive opportunities for expansion.

In particular, we see significant potential in highly intermediated markets such as mortgages and protection, where technology, data and adviser support play a critical role in improving outcomes for consumers, advisers and providers.

Outlook - Well positioned to deliver sustainable growth through increasing participation across the retail financial services ecosystem

With a growing base of recurring revenues, enhanced proprietary data assets, expanding technology capabilities and increasing participation across adviser and provider value chains, Fintel is well positioned to deliver sustainable long-term growth. The Board remains focussed on its strategy of delivering organic growth whilst remaining open to value accretive M&A opportunities. Overall, the Group has had a solid first half and this has continued post period end with current trading remaining in line with the Board’s expectations.

Matt Timmins

Chief Executive Officer

Notes

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:

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

³ Net 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.

Analyst presentation

An analyst briefing is being held at 9:30 a.m. on 15 September 2026 via an online video conference facility. To register your attendance, please contact fintel@mhpgroup.com.

For further information please contact:

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