Half Year 2025 Alfa Financial Software Holdings PLC Retail Investor Webcast and Q&A Transcript
Hello, everyone, and welcome to Alfa's 2025 half-year results. I'm Andrew Denton, Alfa's CEO, and I'm joined as always by our CFO, Duncan McGrath; and our COO, Matthew White.
In overview, Alfa has had an outstanding first half. We've continued to focus on growing subscription revenue and we've seen that grow by 17%. We've also seen strong growth in subscription TCV at 12% versus the first half of last year. This year, for the first time, and in subsequent years, we will be publishing annual recurring revenue and net revenue retention.
Duncan will outline the detail behind this, but in summary, we've seen annual recurring revenue of GBP42 million, which is up 16% on the first half of last year and net revenue retention of 112%. I'm delighted with the growth in annual recurring revenue. And our net revenue retention figure shows that Alfa's industry-leading customer retention is just as strong in a SaaS-only world as we grow our customer base with new subscription sales.
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