Fintel (FNTL) has reported audited results for the year ended 31 December 2025, highlighting solid revenue growth, margin expansion and continued progress in building a unified fintech platform.
Revenue increased 10% to £85.9 million, supported by £7.0 million of inorganic growth. Meanwhile, SaaS and subscription revenues rose 9.6% to £48.7 million, representing 57% of total revenues and underlining the strength of the Group’s recurring income model.
Adjusted EBITDA grew 16.6% to £25.9 million, with margins improving to 30.1% as acquired businesses contributed more meaningfully following integration. In addition, adjusted earnings per share increased to 13.7 pence, while operating cash conversion remained strong at 102%.
The group ended the period with net debt of £31.1 million, equivalent to 1.2x leverage, alongside cash of £17.3 million and £72.5 million of available headroom under its £120 million revolving credit facility. A final dividend of 2.5 pence per share has been proposed, taking the full year dividend to 3.8 pence, up 4.1%.
Strategically, Fintel completed a major organisational simplification, consolidating into two divisions, Fintel Services and Fintel Software and Data. At the same time, the group advanced its platform unification, integrating acquisitions, rolling out a single CRM view and enhancing cross-selling opportunities.
The business also continued to invest in technology and data capabilities. This included scaling its Matrix360 market intelligence platform, launching the Omnicore distribution platform, and accelerating development of AI-enabled compliance tools. The acquisition of Rayner Spencer Mills Research added further strength to its research and ratings offering.
Subsequent to year end, Fintel completed the acquisition of Pearson Ham Group’s market pricing data business, enhancing its proprietary data capabilities and expected to be earnings accretive in its first full year.
Fintel’s CEO Matt Timmins said: “2025 has been a defining year for Fintel, creating a simpler, more unified and scalable platform that sets the foundation for the next phase of our growth.
Technology, data and regulation continue to reshape the UK retail financial services market, and Fintel's unique combination of market-leading software, enriched proprietary datasets and insights, and distribution platforms, places us at the centre of this transformation.
Looking ahead, our ambition is clear: to build the most connected, insight rich and intelligent platform in the sector, enabling better decisions and better outcomes across the entire advice ecosystem.
We have entered the new financial year with clear strategic momentum, high levels of recurring revenues and a stronger platform enabling opportunities for organic growth, underpinned by deep customer relationships. Fintel has made a strong start to FY26, with trading in line with the Board's expectations; the Group is poised to accelerate its strategy to deliver long term value for advisers, partners and shareholders alike.”
Looking ahead, Fintel said it has made a strong start to FY26, with trading in line with expectations. The group expects continued demand for technology, data and regulatory support, alongside further integration benefits, cross-selling opportunities and selective acquisitions.
View from Vox
Fintel’s results point to a business successfully shifting towards higher-quality, recurring revenues while extracting value from acquisitions. Margin expansion and strong cash conversion suggest integration is progressing well. Meanwhile, continued investment in data, AI and distribution platforms positions the group to benefit from increasing regulatory complexity across UK financial services.