H1 Trading update

30 July 2025

Alfa Financial Software Holdings PLC

H1 Trading update

Strong trading performance, on track to meet full year expectations

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry provides a scheduled update on trading for the half year ended 30 June 2025. The half-year results are expected to be announced on Thursday 4 September 2025.

Strong trading

Revenue of £31.4m for Q2 was up 18% on the second quarter of last year, or 22% at constant currency. This was in line with our expectations.

Key H1 financial highlights:

● H1 revenue of £62.5m up 20% on last year at actual rates or 22% at constant currency rates

o  Subscription revenues in H1 of £21.2m were 17% up on last year

o  Software Engineering revenues of £10.3m were up 72% versus H1 last year following a shift back towards client-led enhancement work following last year's Alfa Systems 6 investment

o  Delivery revenues of £31.0m grew 10% versus H1 last year.

● TCV at 30 June 2025 was £211m versus £193m at H1 last year.

 Focused operational execution

We continue to see strong interest in Alfa Systems 6 and the additional modules which are available as part of the product suite. In H1 we have maintained the pace of investment in partnership with clients to allow us to maintain our lead over the market by further developing the product suite, particularly in Originations, Fleet and Commercial Loans. We have nine customers live on Alfa Systems 6 already, which demonstrates both ease of upgrade as well as demand for the new modules and capabilities available as part of the new version.

Robust pipeline

Following a record number of wins in 2024 our late-stage pipeline remains strong with seven prospects. We are the preferred supplier with six of these and have started working under letters of engagement with all of them. One customer prospect has deferred their project and moved out of the late-stage pipeline as a result of their current supplier extending support for their legacy system.

We remain confident in the overall strength of the pipeline from early stage through to late stage.

Andrew Denton, Chief Executive Officer

"We are very pleased to have met our expectations for a very strong financial performance in the first half of 2025 with strong growth across all revenue streams. We have made further investment into the product and our people to enhance our leading position in the market. Our delivery teams have continued to execute successfully and we remain confident in the strength of our pipeline. We are well positioned to achieve our expectations for the year."

 Enquiries

Notes to Editors

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully.

Alfa Systems, our class-leading SaaS platform, is at the heart of the world's largest and most progressive asset finance operations. Supporting all types of automotive, equipment and wholesale finance, Alfa Systems is proven at volume and across borders, and trusted by leading brands to manage complex portfolios, drive efficiency and sustainability, and enhance the customer experience.

With full functionality for originations, servicing and collections, Alfa Systems is live in 37 countries, representing an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise. Alfa Systems 6, a breakthrough iteration of our software platform, was launched in 2024.

Alfa maintains exceptional customer satisfaction through an impeccable track record, with our experience and performance unrivalled in the industry. Our customers stick with us for the long term, because we deliver value that lasts for decades.

Alfa has offices in Europe, Australasia and North America. For more information, visit us at www.alfasystems.com.