Alexander Scott
CEO & Executive Director

Good morning, everyone. Welcome to IntegraFin's interim results presentation for the 6 months ended 31st March 2026. I'm Alex Scott, Group CEO, and joining me today is our Group CFO, Euan Marshall.

I'm going to kick off with an overview of the excellent results that the group has delivered over the past 6 months, highlighting our strength in platform inflows and accelerating growth in profitability. I'll then hand over to Euan to run through the group's financial performance and provide an update on the progress of the group cost and efficiency program. Finally, I'll share an update on the operational performance of the Transact platform. In particular, I'll explain how the group positions itself as an attractive proposition for all sizes of advice firms, including consolidators, and I'll discuss the opportunities for AI use, both in the IHP business and in the wider financial advice industry. Then we'll conclude with Q&A.

The group has delivered a step change in profitability with impressive earnings growth in the first half of the financial year. The Transact platform demonstrated strong performance in flows and FUD, thanks to the enduring appeal of our market-leading proposition that combines proprietary technology and personal service. This strategy has helped secure the group's prominent position in the growing U.K. adviser investment platform market. Our exceptional market position is the result of our