Fintel reports H1 growth and sees significant ‘potential’ in mortgages and protection
Fintel’s interim mortgage revenue increased by 10% year-on-year to £2.2m, outpacing growth across its wider services division.
Services revenue rose from £18.3m to £18.4m over the same period, with mortgage revenue recording considerably stronger growth.
The report highlighted the “potential” of “highly intermediated markets such as mortgages and protection”, adding that “technology, data and adviser support” are crucial to improving outcomes for consumers, advisers and providers.
Fintel said its services division serves more than 18,000 advisers, wealth managers and mortgage and protection specialists.
The group also launched its Omnicore distribution platform, which it said was designed to expand its distribution and mortgage propositions in strategically important markets.
Protection was also identified as one of Fintel’s key intermediary markets, although protection and insurance revenue remained flat year-on-year at £2.2m.
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Matt Timmins, CEO of Fintel, said: “Fintel delivered a strong first half performance, with organic growth across our core businesses, continued expansion of recurring revenues and a 16.6% increase in EBITDA from continuing operations. The resulting incremental margin of over 90% demonstrates the strength of our operating model, operational gearing and the benefits of recent acquisitions being integrated across the group.”
He added: “With a growing base of recurring revenues, enhanced proprietary data assets, expanding technology capabilities and increasing participation across adviser and provider value chains, Fintel is well-positioned to deliver sustainable long-term growth. Current trading remains in line with board expectations, and we therefore remain confident in delivering further strategic and financial progress in 2026.’’
