Updates

Alfa Financial - Late stage pipeline now 10 prospects

May 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Alfa has just had its best ever print. Overall, FY25 sales were £126.7m, up 15% year-on-year (+17% at constant currency) and operating profit grew by 17% to £40.1m, representing a margin of 31.6%, expanding 40bp year-on-year. EPS were 10.1p, up from 8.6p. In terms of mix, Subscription income - the bit that really matters - rose 16% to £43.6m, with Alpha Systems now live with 42 customers (22 running AS6). Sales from Delivery (implementing the system) chipped in growth of 15% to £63.5m sales and Software Engineering (modifying the code) grew 13% to £19.6m. But the real story to note here is the shift: recurring revenue may have dipped to 70% from 79% of the total but only because some big upgrades landed for existing cust ...

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Zotefoams

Intuitive Investments - Move to full list

Alfa Financial Software - Untouchable versus rival products (October 2025)

Alfa Financial (April 2024)

Alfa Financial (July 2023)

Alfa Financial - Forecasts upgraded by £2m since last month’s Buy (October 2022)

Alfa Financial (September 2022)

Alfa Financial - Total dividends of 26p a share in 12 months (April 2022)

Alfa Financial (November 2021)

Alfa Financial Software - High tech star regaining allure with iQ (February 2021)

Alfa Financial (July 2018)

Alfa Financial (April 2018)

Alfa Financial (December 2017)

Alfa Financial - Two more contracts at late stage now (October 2017)

Alfa Financial - 37% compound growth 2013-2016 (September 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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