Fintel's Adjusted EBITDA Rises 11% on 2% Organic Revenue Growth

Fintel reported organic adjusted EBITDA of £11.8 million for the six months ended June 30, up 11.2% from £10.6 million a year earlier. Organic revenue grew 2% to £37.4 million, according to an unaudited trading update released Thursday. The difference between the two growth rates lifted the corresponding EBITDA margin to 31.6% from 28.9%. Fintel provides software, data and support services to the UK retail financial services sector.

Software and Data revenue rose 2.9% on an organic basis to £18.9 million from £18.4 million. Organic Services revenue increased 1.1% to £18.5 million from £18.3 million. Revenue from continuing operations, including the acquired Pearson Ham market pricing business, was £38.6 million, up 5.3%. Adjusted EBITDA from continuing operations rose 16.6% to £12.4 million. Organic continuing revenue was £37.4 million (H1 2025: £36.7 million), continuing revenue £38.6 million (H1 2025: £36.7 million), statutory revenue £42.1 million (H1 2025: £42.4 million), organic adjusted EBITDA £11.8 million (H1 2025: £10.6 million), continuing adjusted EBITDA £12.4 million (H1 2025: £10.6 million), and SaaS and subscription revenue £26.1 million (H1 2025: £24.2 million). Statutory revenue, which includes discontinued operations, slipped 0.6% to £42.1 million. The disposed businesses contributed £3.5 million during the period, down from £5.7 million in the comparable half.

Fintel is one of several UK-listed financial software companies building a larger base of recurring income. The company's SaaS and subscription sales accounted for about 68% of continuing revenue in the half. Chief Executive Matt Timmins said the company had expanded recurring revenue and delivered double-digit EBITDA growth. "We remain confident in delivering further strategic and financial progress in 2026," he said.

Fintel completed the £11 million purchase of Pearson Ham's insurance market pricing business in January through its Defaqto unit. The acquired operation contributed £1.2 million of revenue and £0.6 million of adjusted EBITDA during the period. The company also launched Omnicore, a mortgage and protection distribution platform, and Trust, an AI-based compliance and oversight product. Defaqto Matrix360 now serves 26 institutional insurance customers. In April, Fintel sold Gateway Surveying Services and APS Legal & Associates to a company controlled by former joint chief executive Neil Stevens for up to £1 million. Those operations generated combined revenue of £11.2 million and EBITDA of £0.9 million in 2025, an EBITDA margin of about 8%, compared with 30% for the group at the time of the sale.

Net debt stood at £38.2 million after spending on acquisitions, staff and products. Fintel reported £7.3 million in cash and £76.5 million of available capacity under a £120 million revolving credit facility, with leverage at 1.4 times. Fintel said trading for the year ending December 31 remains in line with its board's expectations. It plans to publish full results for the first half on September 15.