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Investing.com -- Shares of Fintel Plc (LON:FNTL) rose more than 4% on Tuesday after the financial software and services group reported an 18.6% rise in half-year revenue, driven by acquisitions and growth in subscription income.
Revenue for the six months ended June 30 increased to £42.4 million from £35.7 million a year earlier.
Organic revenue grew 4% to £37.2 million. Group adjusted EBITDA rose 17% to £11.2 million, compared with £9.6 million in the first half of 2024, with a margin of 26.4%.
Statutory EBITDA climbed 26.5% to £8.6 million. Adjusted earnings per share increased to 5.7 pence from 5 pence, while statutory EPS was 2.3 pence, up from 2.0 pence.
The company said cash stood at £8.4 million at the end of the period, while net debt widened to £30.1 million from £8.6 million a year earlier.
In July, Fintel refinanced its revolving credit facility, expanding it from £80 million to £120 million, extending maturity by four years, and cutting borrowing costs.
The Software & Data division reported a 17% increase in revenue to £18.4 million, with recurring revenue of £12.3 million.
The Services division posted revenue of £24 million, up 20% from £19.9 million, including £11.9 million from recurring sources.
Fintel completed the acquisition of Rayner Spencer Mills Research in January for an initial cash outlay of £6.4 million.
The unit contributed £1.7 million in revenue and £0.6 million in EBITDA during the half.
The board declared an interim dividend of 1.3 pence per share, up 8.3% from 1.2 pence a year earlier.