Fintel has reported a “transformational” year as revenue rose 10% to £85.9m in 2025, supported by acquisitions and growing demand for technology support across the retail advice market.
In a year-end trading update today (3 February), the group said full-year results were in line with board expectations, with adjusted EBITDA slightly ahead of market forecasts.
Adjusted EBITDA increased 17% to £25.9m, reflecting continued investment in products, services and capabilities.
SaaS and subscription revenue rose around 10% to £48.7m, accounting for 57% of group revenue, as the firm accelerated its transition to a software- and data-led, recurring revenue model.
The AIM-listed fintech said it had successfully implemented a simplified operating structure during the year, reorganising the business into two divisions: Software & Data and Services.
The move is intended to strengthen its technology-driven platform and improve operational leverage.
As part of the shift, the firm launched Defaqto Matrix360, onboarding 23 institutional customers, and continued to invest in artificial intelligence, customer experience and data capabilities.
It also developed digital compliance solutions ready for deployment across its adviser membership base.
The group also launched Omnicore, a whole-of-market distribution platform covering protection and mortgage panels, and continued integrating previous acquisitions to support cross-selling and organic growth.
Fintel ended the year with £17.3m of cash and £72.5m of available headroom within its £120m revolving credit facility, leaving it well positioned for further investment.
Net debt rose to £31.1m following acquisitions, representing leverage of 1.2 times EBITDA.
Looking ahead, the company said it had entered 2026 in a strong position, supported by its recurring revenue model and large customer base.
The acquisition of Pearson Ham’s Market Pricing business in January is expected to be earnings accretive in 2026.
Chief executive Matt Timmins said 2025 had reshaped the business with “focus and ambition”, adding that Fintel was well positioned to seize growth opportunities across the UK retail financial services market.
Fintel will publish its full-year results for the year ended 31 December 2025 on 17 March 2026 and host a capital markets event on 23 April 2026.