Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said profits grew 17% last year to £25.9m, up from £22.2m in 2024.
In a trading update for the year to 31 December 20254 the firm said revenue climbed 10% to £85.9m, up from £78.3m.
The company said the full year results were in line with board expectations with the adjusted profit figure slightly ahead of market expectations.
SaaS & Subscription revenue rose 10% to £48.7m, up from £44.1m in 2024.
Fintel said it had a strong balance sheet with £17.3m of cash, and £72.5m of headroom in its £120m revolving credit facility.
It said its net debt position climbed from £25.3m in 2024 to £31.1m last year, following acquisitions and additional investment into new divisional operating structure during the year.
Matt Timmins, CEO of Fintel plc, said: “2025 has been a transformational year for Fintel, underpinned by our new simplified operating structure. This has reshaped the business with focus and ambition, whilst strengthening our position as a technology‑driven platform for the UK retail financial services market.
“With market‑leading technology and data solutions targeting a significant customer base, and a resilient, cash‑generative model with a strong balance sheet to fund investment, we enter 2026 strongly positioned to seize the significant growth opportunities ahead.”
Last month Fintel splashed out £11m to buy Pearson Ham Group’s market pricing business.
The business supplies proprietary pricing data to the UK insurance industry and will become part of Fintel’s ratings and software business Defaqto.
Fintel owns a number of UK fintech and support businesses including Defaqto, Simplybiz and Threesixty.