**Summary**
IntegraFin Holdings plc (IHP), operator of the UK investment platform Transact, reported strong first-quarter (Q1) results for FY26, ending December 31, 2025. Despite uncertainty surrounding the UK Autumn Budget, the company achieved
* **Strong net inflows** £1.0 billion, up 11% year-on-year, representing 5.6% of opening funds under direction (FUD) annualized.
* **Record FUD** £77.2 billion at quarter-end, a 17% increase from Q1 FY25.
* **Record average daily FUD** £76.1 billion, up 16% year-on-year.
* **Record gross inflows** £2.9 billion, a 21% increase from Q1 FY25, marking the eighth consecutive quarter exceeding £2 billion.
The company attributed its success to digital platform enhancements and a focus on three core growth levers: enhancing its market-leading proposition, growing FUD and revenue while managing margins, and implementing cost efficiency programs. IHP reiterated its cost guidance, expecting total underlying administrative expense growth to slow to 3% in FY26 and FY27. The company expressed confidence in accelerating profit growth due to its strong revenue fundamentals and cost management initiatives.