Fintel Plc (LSE:FNTL) saw its stock rise more than 4% on Tuesday following the release of strong half-year financial results, with revenue boosted by recent acquisitions and higher subscription income.
For the six months ending June 30, the group reported revenue of £42.4 million, up from £35.7 million a year earlier, representing an 18.6% increase. Organic growth contributed £37.2 million, a 4% rise compared with the prior year.
Adjusted EBITDA climbed 17% to £11.2 million, reflecting a margin of 26.4%, while statutory EBITDA increased 26.5% to £8.6 million. Adjusted earnings per share rose to 5.7 pence from 5 pence, and statutory EPS reached 2.3 pence, up from 2.0 pence.
The company reported £8.4 million in cash at the end of the period, while net debt increased to £30.1 million from £8.6 million a year ago. In July, Fintel expanded its revolving credit facility from £80 million to £120 million, extended its maturity by four years, and reduced borrowing costs.
Breaking down by division, Software & Data revenue grew 17% to £18.4 million, with £12.3 million from recurring streams. Services revenue climbed 20% to £24 million, including £11.9 million from recurring sources.
Fintel also completed its acquisition of Rayner Spencer Mills Research in January for £6.4 million in cash. The newly acquired unit contributed £1.7 million in revenue and £0.6 million in EBITDA in the half-year period.
The board approved an interim dividend of 1.3 pence per share, marking an 8.3% increase from 1.2 pence in the previous year.
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