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Investing.com -- Shares of IntegraFin Holdings PLC (LON:IHPI) ticked up 0.5% after the company released its second quarter trading update, which included net flows significantly surpassing consensus estimates.
The financial services firm reported net flows of £1.2 billion for the second quarter of fiscal year 2025, a figure 35% higher than expected, driven by a record level of gross inflows.
Despite the positive net flow data, IntegraFin’s first half revenue of approximately £77 million fell 2% short of consensus forecasts, but still represented a 9% increase year-on-year (YoY). The slight revenue miss is attributed to the impact of revenue margin attrition on higher average client portfolios.
IntegraFin’s quarterly net flows marked a 31% rise from the previous quarter and an annualized organic growth rate of 7.3%. The company’s gross inflows reached a new high of £2.7 billion, up 11% compared to the first quarter and 12% higher than consensus predictions, while gross outflows remained consistent quarter-on-quarter and YoY.
These results have positioned IntegraFin as a potential indicator of performance for the broader sector, with positive implications for other advice-led firms reporting soon.
The company’s reiteration of its guidance for the fiscal year 2025, along with its longer-term outlook for total cost growth moderating to low-to-mid single digit percentages, signals a steady path forward.
An RBC analyst commented on the broader implications of IntegraFin’s performance, stating, "IHP along with TAM ( Tatton Asset Management PLC (LON:TAMT)) are the first names in the wealth sector to report net flows for the period including cal Q1, and both have shown strong asset gathering results. We see the read as positive for other names addressing the same part of the market that are set to report in coming days/weeks, namely QLT (on 23 April), STJ and AJB (both 24 April)."