Fintel, a provider of software and support services to the UK retail financial services sector, has released its unaudited results for the six months ending 30 June 2025.
Group revenue rose 18.6% to £42.4m, with organic growth contributing 4%. Adjusted EBITDA margins were maintained amid ongoing investment, supported by strong cash conversion. The company held £8.4m in cash with net debt of £30.1m, and £81.5m headroom under a new £120m revolving credit facility.
The acquisition of Rayner Spencer Mills Research (RSMR) was completed during the period, with an initial cash outlay of £6.4m. RSMR contributed £1.7m in revenue and £0.6m in EBITDA. Fintel announced an 8.3% increase in its interim dividend to 1.3p.
Revenue in the Software & Data Division increased 17% to £18.4m, with £12.3m from recurring sources. EBITDA for the division reached £6.9m. The Services Division recorded 20% revenue growth to £24.0m, including £11.9m in recurring revenue, generating £6.5m in EBITDA.
During the period, Fintel restructured from three divisions to two, appointing John Milliken as CEO of Software & Data and Alex Whitson as CEO of Services. The integration of acquisitions and the simplified operating model support Fintel’s shift toward a software‑ and data-led recurring revenue model.
The company reports that trading since 30 June 2025 remains in line with expectations and positions Fintel to capture growth opportunities across the UK financial services sector.
