Fintel, which includes SimplyBiz and specialist protection distributor Omni Protect, saw revenue remain static in the first half of 2026.
The firm reported statutory revenue of £42.1m in the six months to the end of June, down 0.6% from £42.4m in the same period last year.
In a trading update the firm said its outlook was trading in line with expectations, “underpinned by strong recurring revenues and positive structural growth drivers”.
“The group continues to benefit from positive structural growth drivers, including increasing demand for technology, data and regulatory support across the UK retail financial services sector,” it said.
“Current trading year ending 31 December 2026 remains in line with the board’s expectations.”
Omni Protect was the first distribution service to offer Beagle Street’s newly launched intermediary protection proposition to advisers.
During the period it also made a pair of significant appointments, hiring Dave Butler to the newly created role of head of protection development and Richard Waters to the newly created position of head of strategic partnerships for protection and health.
This follows launching Omnicore last year, a whole-of-market distribution platform, broadening access to the mortgage and protection markets.
Fintel’s total adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the six-month period, which is not an official IFRS accounting statistic, rose by 13.3% to £12.7m from £11.2m a year earlier.
Fintel CEO Matt Timmins said: “We have delivered a strong first half performance, with organic growth across our core software, data and distribution activities, continued expansion in recurring revenues and double-digit EBITDA growth.
“Alongside this, we have continued to execute our strategic priorities, strengthening our technology and data capabilities and simplifying the group to create a focused quality business.
“We remain confident in delivering further strategic and financial progress in 2026.”
