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Investing.com -- Integrafin Holdings (LON:IHP) stock surged 15.7% on Tuesday after the company reported stronger-than-expected third-quarter trading performance with net flows remaining flat quarter-over-quarter at £1.2 billion, 20% higher than consensus estimates.
The London-listed investment platform operator benefited from lower-than-expected gross outflows, which dropped 14% from the previous quarter.
Gross inflows reached £2.5 billion, up 23% compared to the same period last year and in line with analyst expectations.
The company’s funds under direction (FUD) grew to £69.5 billion, representing a 6% increase quarter-over-quarter and 11% YoY, supported by positive market movements of 3.7% during the quarter.
Customer numbers also increased to 245,000, up 1% from the previous quarter and 5% YoY.
Investors responded positively to Integrafin’s new guidance on revenues and costs, which signals management’s determination to translate strong operational performance into improved financial results.
The company expects the platform margin reduction to slow in fiscal year 2026, driven only by client funds moving into lower charging bands as portfolios grow.
Integrafin reported a third-quarter revenue yield of 22.4 basis points, implying revenue of £37.4 million, which aligns with analyst expectations for the second half of fiscal year 2025.
The company is also conducting a cost review to enhance efficiencies and accelerate earnings growth.
While maintaining its fiscal year 2025 guidance of 9% underlying expense growth, Integrafin now projects fiscal years 2026 and 2027 cost growth to slow to low single-digit percentages, down from the previous low-to-mid single digits.
Integrafin expects the recent strong net flow momentum to continue through the fourth quarter of fiscal year 2025 and into fiscal year 2026.
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