Andrew Denton
CEO & Executive Director
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 Magrath; and our COO, Matthew White.
An overview, Alfa has had an outstanding first half. We continue 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 the subsequent years, we will be publishing annual recurring revenue and net revenue retention. Duncan will outline the details behind this. But in summary, we’ve seen annual recurring revenue of GBP 42 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. Subscription revenues now make up 34% of total revenues, and we have 23 Alfa Cloud customers, which is up from 20 this time last year.
More generally, we’ve seen strong sales and delivery momentum continue through from the full year. The late-stage pipeline is strong with 7 prospects. We are working under letters of engagement or equivalent with 6 of those 7 customers in the
Read the full article here