Fintel plc reported strong trading for the first half of 2025, with revenue up 18.6%, including 4% organic growth.
The company said this was down to new business launches and takeovers.
The adjusted EBITDA margin stayed steady, and cash conversion was strong.
Fintel had £8.4m in cash and net debt of £30.1m after spending a lot on acquisitions and development.
There was £81.5m headroom in its new £120m revolving credit facility set up in July.
The business finished its purchase of Rayner Spencer Mills Research (RSMR) during the period, which cost £6.4m up front and brought in £1.7m revenue and £0.6m EBITDA.
The board also announced an 8.3% rise in the dividend to 1.3p.
The software and data division grew revenue by 17% to £18.4m, with £12.3m of that being recurring.
EBITDA came in at £6.9m and organic revenue in this division was £16.7m, with £6.3m EBITDA.
The services division saw revenue go up by 20% to £24.0m, with £11.9m recurring.
EBITDA here was £6.5m, with £20.5m organic revenue producing £5.8m EBITDA.
Matt Timmins, CEO of Fintel, said: “Fintel has delivered a strong first-half performance, with double-digit revenue and EBITDA growth reflecting the strength of our business model and the quality of our earnings.
“We have also made significant strategic progress, successfully integrating nine acquisitions into two complementary divisions.
“This transformation marks a pivotal moment for Fintel, enabling us to concentrate resources on our most attractive markets and propositions, while providing a clear framework for innovation and growth as we transition to a software and data-led business built on recurring revenues.”
Timmins added: “With a streamlined operating structure, a scalable and agile operating model, and continued investment in high-margin, recurring software and data revenues, we are better positioned than ever to capture the substantial opportunities ahead.
“We are confident in delivering against our full year expectations and continue to focus on driving better outcomes for our customers, partners, and shareholders.”
