# IntegraFin reports sixth consecutive quarter of net inflows above £1bn

- Link: https://www.directorstalkinterviews.com/integrafin-reports-sixth-consecutive-quarter-of-net-inflows-above-1bn/4121256321
- Published: 2026-07-14T11:42:10+01:00
- Author: Ethan Davis

**IntegraFin Holdings Plc** (LON:IHP), operator of Transact, the UK’s premium investment
platform for clients and UK financial advisers, has provided an update on performance
for the three months ended 30 June 2026.

**Group headlines**

·     Quarter end funds under direction (FUD) on the Transact platform of £85.5bn,
up 23% year-on-year (Q3 FY25: £69.5bn) due to positive momentum in global equity
markets combined with ongoing strength in net inflows.

·    Net inflows to the Transact platform of £1.0bn in Q3 FY26, (Q3 FY25: £1.2bn),
representing 5.2% of opening FUD for the quarter annualised. This is the 6^(th) 
consecutive quarter with net inflows above £1bn and demonstrates the ongoing strength
of the Transact proposition and delivery of net inflows performance.

·    High levels of gross inflows to the platform in Q3 FY26 of £2.6bn, 5% ahead
of the previous year (Q3 FY25: £2.5bn).

·    Record average daily FUD for the quarter of £82.8bn in Q3 FY26, up 24% year-
on-year (Q3 FY25: £66.8bn).

**Outlook and guidance**

·    The Transact platform is well-positioned to continue to attract and grow its
strong share of adviser platform market net inflows. The Transact proposition is
distinctive in offering in-house onshore and offshore bond wrappers. These wrappers
are increasingly important for financial planning as advisers and clients navigate
the changing tax environment, as pensions become included within the estate for 
Inheritance Tax from April 2027. We recently launched our Flexible Reversionary 
Trust, a new solution for intergenerational planning to complement our long standing
onshore and offshore bond offerings. In addition, we have continued to deliver platform
digital enhancements with online set-up for bonds, and online bond withdrawals and
tax calculation reporting.

·    We reiterate our cost guidance from December 2025. Total underlying administrative
expense growth is expected to slow to c.3% in each of FY26 and FY27 as a result 
of our cost management initiatives and operational efficiencies. In FY26, these 
savings will be more meaningfully realised in H2 as initiatives phase through.

·    The combination of our compelling recurring revenue growth fundamentals, our
scale, and the implementation of cost management initiatives put the Group in a 
strong position to accelerate profit growth and enhance profit margin in the coming
years.

> **Alex Scott, IHP Group Chief Executive Officer, commented:**
> “The Transact platform continues to deliver strong net inflows, driven by high
> levels of transfers in from other providers, as well as additional contributions
> from new and existing clients. We delivered strong net inflows of £1bn in the 
> third quarter of the financial year, despite both an uncertain macroeconomic backdrop
> and the pre-tax year-end period being concentrated in the previous quarter. Client
> numbers also continued to grow, as we added over 2,000 net new clients in the 
> period. Markets recovered strongly in the quarter, pushing Transact platform FUD
> to new highs and lifting average daily FUD to £82.8bn, which directly benefits
> our revenue.
> We remain highly confident in the ability of our distinctive client- and adviser-
> focused proposition to drive value and attract new business. Meanwhile, our transparent
> pricing and leading cash interest rates augment our leading proposition, delivering
> superior value for money for clients. As we implement efficiencies and operational
> leverage across the Group, we expect to deliver strong, sustainable earnings growth.”

**Transact platform reporting for Q3 FY26:**

|    £m | Quarter ended 30 June 2026 | Quarter ended 30 June 2025 | Financial year to date 30 June 2026 | Financial year to date 30 June 2025 | 
| Opening FUD | 77,768 | 65,896 | 74,173 | 64,065 | 
| Inflows | 2,596 | 2,482 | 8,615 | 7,592 | 
| Outflows | -1,589 | -1,271 | -5,246 | -4,252 | 
| Net flows | 1,007 | 1,211 | 3,369 | 3,340 | 
| Market and other movements^((1)) | 6,731 | 2,430 | 7,964 | 2,132 | 
| Closing FUD | 85,506 | 69,537 | 85,506 | 69,537 | 
| Average daily FUD for the period | 82,803 | 66,847 | 79,239 | 66,479 | 
| Number of platform clients | 256,796 | 244,734 | 256,796 | 244,734 |

_Notes:(1) Includes fees, taxes, investment income and investment returns_

**Transact platform historical information:**

| £m | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1FY26 | Q2 FY26 | Q3 FY26 | 
| Opening FUD | 62,420 | 64,065 | 65,880 | 65,896 | 69,537 | 74,173 | 77,221 | 77,768 | 
| Inflows | 2,162 | 2,418 | 2,692 | 2,482 | 2,510 | 2,874 | 3,145 | 2,596 | 
| Outflows | -1,370 | -1,498 | -1,483 | -1,271 | -1,498 | -1,839 | -1,818 | -1,589 | 
| Net flows | 792 | 920 | 1,209 | 1,211 | 1,012 | 1,035 | 1,327 | 1,007 | 
| Market and other movements^((1)) | 853 | 895 | -1,193 | 2,430 | 3,624 | 2,013 | -780 | 6,731 | 
| Closing FUD | 64,065 | 65,880 | 65,896 | 69,537 | 74,173 | 77,221 | 77,768 | 85,506 | 
| Average daily FUD for the period (£m) | 63,044 | 65,462 | 67,148 | 66,847 | 71,942 | 76,051 | 78,896 | 82,803 | 
| Number of platform clients | 234,998 | 237,978 | 241,197 | 244,734 | 246,191 | 249,907 | 254,667 | 256,796 |

_Notes: (1) Includes fees, taxes, investment income and investment returns_

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