olivLaw · European equity research
Alfa Financial Software Holdings PLC ALFA.L
United Kingdom · London Stock Exchange · ISIN GB00BDHXPG30 · Vertical: Listed companies from United Kingdom
Alfa Financial Software develops the Alfa Systems platform, a cloud SaaS software for asset finance in the auto and equipment sectors. In 2025 the company relied on growing subscription revenue, which made up 34% of revenue, while the US market had reached 45% of revenues.
At the close of 03 Nov 2026, Alfa Financial Software Holdings PLC (ALFA.L) stock was 1.65 GBP (−1.08% on the day), with market capitalisation 486.8 m GBP, P/E 16.3 on diluted EPS of 0.10 GBP over the last 12 months, dividend yield 5.34%, beta 0.49, 52-week range 1.42–2.28 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 48.5
- neutral
- Bollinger (20, 2)
- 1.55 – 1.77
- in the lower half of the band · %B 0.43 · band width 13.1%
- SMA 50 / 200
- 1.62 / 1.66
- mixed trend
- MACD (12, 26, 9)
- 0.02 / 0.03
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.3% | −1.0% | +7.3 pp | — |
| 3 months | +0.2% | −3.9% | +4.1 pp | — |
| 6 months | +9.6% | +7.2% | +2.4 pp | — |
| Year to date | −22.3% | +6.6% | −28.8 pp | — |
| 1 year | −27.6% | +9.1% | −36.6 pp | +7.9% |
| 3 years | +10.2% | +47.9% | −37.7 pp | +28.6% |
| 5 years | −15.3% | +43.3% | −58.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 3-quarter history (min 17.7, median 20.9, max 25.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 102.0 m | 109.9 m | 126.7 m |
| Revenue YoY | unavailable | +7.7% | +15.3% |
| Net income | 23.5 m | 25.6 m | 30.1 m |
| Net income YoY | unavailable | +8.9% | +17.6% |
| Diluted EPS | 0.08 | 0.09 | 0.10 |
| Diluted EPS YoY | unavailable | +8.4% | +18.5% |
| net % | 23.0% | 23.3% | 23.8% |
| Free cash flow | 31.6 m | 28.1 m | 36.8 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 26.4 m GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 51.7 m GBP
- Total assets
- 90.7 m GBP
- Debt / equity
- unavailable
- Current ratio
- 1.60x
- ROE
- 61.5%
- ROA
- 34.3%
- FCF margin
- 29.0%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 102.0 m | 109.9 m | 126.7 m | esef· 07 Apr 2026verified |
| Cost of revenue | 38.3 m | 39.0 m | 46.0 m | esef· 07 Apr 2026verified |
| Gross profit | 63.7 m | 70.9 m | 80.7 m | esef· 07 Apr 2026verified |
| Operating income | 30.1 m | 34.3 m | 40.1 m | esef· 07 Apr 2026verified |
| Interest expense | 500.0 k | 700.0 k | 700.0 k | esef· 07 Apr 2026verified |
| Pre-tax income | 29.6 m | 34.1 m | 40.1 m | esef· 07 Apr 2026verified |
| Income tax | 6.1 m | 8.5 m | 10.0 m | esef· 07 Apr 2026verified |
| Net income | 23.5 m | 25.6 m | 30.1 m | esef· 07 Apr 2026verified |
| Diluted EPS | 0.08 | 0.09 | 0.10 | esef· 07 Apr 2026verified |
| Dividend per share | 0.07 | 0.07 | 0.09 | esef· 07 Apr 2026derived |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 21.8 m | 20.5 m | 26.4 m | esef· 07 Apr 2026verified |
| Receivables | 5.6 m | 8.6 m | 8.5 m | esef· 07 Apr 2026verified |
| Current assets | 38.0 m | 41.8 m | 45.7 m | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 1.0 m | 700.0 k | 700.0 k | esef· 07 Apr 2026verified |
| Goodwill | 24.7 m | 24.7 m | 24.7 m | esef· 07 Apr 2026verified |
| Intangibles (excl. goodwill) | 5.0 m | 9.3 m | 12.5 m | esef· 07 Apr 2026verified |
| Total assets | 75.1 m | 84.7 m | 90.7 m | esef· 07 Apr 2026verified |
| Current liabilities | 25.6 m | 27.5 m | 28.6 m | esef· 07 Apr 2026verified |
| Total liabilities | 33.1 m | 38.5 m | 39.0 m | esef· 07 Apr 2026verified |
| Equity | 42.0 m | 46.2 m | 51.7 m | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 294.1 m | 294.9 m | 295.4 m | esef· 07 Apr 2026derived |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 32.2 m | 28.4 m | 37.2 m | esef· 07 Apr 2026verified |
| Capex | 600.0 k | 300.0 k | 400.0 k | esef· 07 Apr 2026verified |
| Free cash flow | 31.6 m ≈ | 28.1 m ≈ | 36.8 m ≈ | esef· 07 Apr 2026derived |
| Investing cash flow | -3.1 m | -5.4 m | -4.7 m | esef· 07 Apr 2026verified |
| Financing cash flow | -25.8 m | -24.1 m | -26.4 m | esef· 07 Apr 2026verified |
| Dividends paid | 19.7 m | 22.1 m | 26.0 m | esef· 07 Apr 2026verified |
| Share repurchases | 4.8 m | 700.0 k | 900.0 k | esef· 07 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 486.8 m GBP
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 23.8% | 77 (vs peers) | 12% |
| FCF conversion · Quality | 122.3% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 57.3x | 100 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.6x | 66 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 16.3x | 44 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.6% | 94 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | 5.5% | 79 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | 70.7% | 70 (on a fixed band) | 8% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet87/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality89/100 · 2/3 factors with a value
- Returns76/100 · 2/2 factors with a value
- Valuation67/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ALFA FINANCIAL SOFTWARE HOLDINGS PLC (ALFA.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 126.7 m GBP in 2025; YoY growth 15.3%; net margin 23.8%; ROE 61.5%.
The estimated value range is 1.01–1.69 GBP per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 1.27 GBP, the price of 1.65 GBP leaves a potential of -23.2% (value / price − 1) and a margin of safety of -30.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 23.8%
- FCF conversion: 122.3%
- Interest coverage: 57.3x
- FCF yield: 7.6%
- Shareholder yield (distributions): 5.5%
- Payout ratio (FCF): 70.7%
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 100.2 bn | 13.0 | 16.5% | 30.3% | −1.0% | +2% / +80% |
| ABF.LAssociated British Foods PLC | 13.8 bn | 13.4 | 9.2% | 5.3% | −3.1% | −11% / −20% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.3 bn | 25.4 | 34.7% | 4.1% | +7.2% | −8% / +165% |
| AUTO.LAutotrader Group PLC | 4.7 bn | 16.0 | 60.2% | 47.1% | +3.9% | −15% / −25% |
| BBY.LBalfour Beatty PLC | 4.4 bn | 16.8 | 23.2% | 2.8% | +15.2% | +24% / +168% |
| ABDN.LAberdeen Group PLC | 4.0 bn | 10.6 | 8.0% | 28.9% | −2.1% | +8% / +37% |
| BKG.LThe Berkeley Group Holdings PLC | 3.5 bn | 11.0 | 8.8% | 13.4% | −4.2% | −3% / −24% |
| BME.LB&M European Value Retail PLC | 2.7 bn | 16.8 | 21.2% | 2.8% | +3.7% | +62% / −52% |
| AJB.LAj Bell PLC | 2.4 bn | 23.0 | 49.9% | 33.1% | +18.0% | +9% / +130% |
| ASHM.LAshmore Group PLC | 1.5 bn | 15.1 | 13.1% | 71.6% | −0.1% | +40% / +29% |
| BCG.LBaltic Classifieds Group PLC | 1.1 bn | 22.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 751.1 m | 35.6 | 41.2% | 19.7% | +24.2% | +69% / unavailable |
| BAG.LA.G. Barr P.L.C. | 659.6 m | 14.2 | 14.4% | 10.8% | +4.0% | −9% / +24% |
| ASC.LAsos PLC | 496.3 m | — | -81.3% | -12.0% | −14.7% | +72% / +9% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 355.1 m | — | -93.4% | -39.2% | −20.6% | −43% / −84% |
| APTD.LAptitude Software Group PLC | 111.9 m | 28.6 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 74.9 m | 37.4 | 2.7% | 1.7% | −4.4% | +8% / −15% |
| AMGO.LAmigo Holdings PLC | 10.5 m | — | — | — | −81.9% | +350% / +900% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 269.5 k | 0.2 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −15% / +141% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +77% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +52% / +55% |
1- and 3-year price returns: for ALFA.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 1.08 Total return -30% · Per year -30% | 1.90 Total return 22% · Per year 22% | 2.86 Total return 81% · Per year 81% |
| 3 years | 1.28 Total return -7% · Per year -2% | 2.52 Total return 74% · Per year 20% | 4.11 Total return 177% · Per year 40% |
| 5 years | 1.52 Total return 20% · Per year 4% | 3.33 Total return 144% · Per year 20% | 5.92 Total return 315% · Per year 33% |
- Exit P/E± 0.63
- Net margin± 0.44
- Annual revenue growth± 0.33
- Annual dilution± 0.04
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Alfa Financial Software develops the Alfa Systems platform, a cloud SaaS software for asset finance in the auto and equipment sectors. In 2025 the company relied on growing subscription revenue, which made up 34% of revenue 1, while the US market had reached 45% of revenues 1.
SWOT
Strengths
- A single platform used across several markets and a strong position in US auto and UK equipment finance 1.
- Very high employee retention and maintained security certifications that support client confidence 1.
- Diversification across clients, asset types and regions reduces reliance on the largest customers 1.
Weaknesses
Opportunities
- Client migration from legacy systems and demand for automation and AI could open new contracts 1.
- Expansion into originations and commercial finance could widen the addressable market beyond asset finance 1.
- Modelling ESG-linked business structures, such as usage-based finance, could create new revenue streams 1.
Risks
- Socio-economic and geopolitical riskhigh
Economic and political conditions could affect the company's markets and demand for its products; management rates the impact as major and the likelihood as possible 1.
- Cyber securityhigh
Failure to safeguard systems and data during a cyber attack could interrupt operations and reduce revenue 1.
- Margin pressuremedium
Competition or rising costs could reduce margins, a risk the company lists among its principal risks 1.
- Talent and capacitymedium
Difficulty recruiting and retaining people could limit delivery of implementations and product quality, although the risk was lowered in 2025 1.
- Foreign exchangemedium
Currency uncertainty can affect reported figures given the large US share of revenue 1.
Investment thesis
What would need to be true (bull case)
- If client migration from legacy systems continues, demand for the cloud platform could support growth in subscription revenue 1.
- A leading position in some markets and one system across several countries could strengthen ties with large clients 1.
- Expansion into originations and commercial finance could open a larger addressable market 1.
What to watch
- Development of subscription revenue against its 34% share2026
- Growth of delivery revenue against management's guidance2026
- Effect of exchange rates on reported US revenue2026
- Application of the new annual declaration on material controls2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Alfa Financial Software Holdings PLC is a UK company providing asset finance software covering originations, servicing, collections and accounting. The Alfa Systems platform is delivered in the cloud on a single system for operations across several countries and jurisdictions 1. Management presents the company as active for over 35 years, with a culture it considers a key success factor 1.
The revenue model combines cloud subscriptions, which the company is trying to expand, with implementation and delivery revenue. The company says it diversifies its customer base geographically, by asset type and by customer type, including banks, manufacturers and independent lenders 1.
For 2026, management expects strong subscription revenue growth and good delivery revenue growth, but warned that currency effects could dampen reported figures 1.
Segments
Cloud subscriptions
Subscription revenue represented 34% of total revenue in 2025, unchanged from 2024 1. Management aims for this segment to become the main growth driver, as cloud subscription sales are a stated strategic priority 1.
Market context
The company estimates the addressable asset finance software market at 3.4 billion USD 1. Demand is driven by regulatory and cyber-security requirements, the high cost of legacy systems and AI adoption, while customers are attracted by agility and automation 1.
The asset finance market remains resilient, but the asset finance software market is more sensitive to industry-specific factors, according to the company 1. Alfa positions itself as the de facto go-to provider in US auto and UK equipment finance 1.
Trends
- Migration from legacy systemstailwind
Regulatory and cyber-security requirements and the rising cost of maintaining old systems push customers toward modern cloud platforms 1.
- Automation and AImixed
Workflow automation and AI adoption increase demand for well-architected systems, but also raise product complexity 1.
- Geopolitical and economic uncertaintyheadwind
Geopolitical tensions and lower growth forecasts, especially in Europe, could reduce client budgets and lengthen sales cycles 1.
- Currency movementsheadwind
The large US share of revenue means exchange rate moves against sterling can affect reported figures 1.
Competitive position
The company states it has different competitors in each market and differentiates by running one system across all markets 1. Competitive pressure may lead to loss of market share or lower margins, a risk it lists among its principal risks 1.
The sources analysed do not name direct competitors. The company only notes that the equipment market includes many smaller local players alongside a few larger cross-border lenders 1.
- Regional equipment finance providers
The company describes the equipment market as fragmented, with many smaller local players and a few cross-border providers 1.
- Originations software providers
The company includes originations in its scope, where competition comes from platforms automating lending processes 1.
- Commercial finance software providers
Private credit entrants into equipment finance could bring new competitors into commercial segments 1.
- In-house lender systems
Clients that build their own solutions compete indirectly with the platform, especially where legacy systems are kept in place 1.
News & filings
In the press
- 10 companii româneşti printre campionii europeni ai creşterii pe termen lung din topul Financial Times: Simtel, One United Properties, IT Genetics, Electro-Alfa, Bento, AROBS, Sphera, Cris-Tim, Oscar Downstream şi Christian TourZiarul Financiar · 28 Oct 2026 · RO
- Roberto Vannacci, „masculul alfa” al politicii italiene: cum vrea să câștige votul manosferei promovând „patriarhatul mediteranean”Digi24 · 25 Oct 2026 · RO
- Bispecific dual T cell agonist invikafusp alfa in solid tumors: the phase 1/2 START-001 trialNature Medicine · 23 Oct 2026 · EN
- 100 de mineri de la Mina Vulcan protestează de două zile, inclusiv în subteran. Cartel ALFA: Unii protestatari au avut nevoie de îngrijiri medicaleFinancial Intelligence (RO) · 21 Oct 2026 · RO
- Bursa de la Bucureşti închide pe plus cu 0,4% în ziua votului pentru Guvernul Niculescu: BRD, Electro-Alfa şi Aquila, în topul creşterilor. Tranzacţii cu acţiuni de 120 mil. lei, peste media zilnică a anuluiZiarul Financiar · 20 Oct 2026 · RO
- Bursă. Cum au evoluat acţiunile Sphera şi Electro-Alfa de la anunţul privind modificarea structurii indicelui BETZiarul Financiar · 19 Oct 2026 · RO
- Bursa încheie vineri pe minus, dar bifează a doua creştere săptămânală consecutivă, în pofida lichidităţii slabe din ultimele zile. Indicele BET, tras în jos astăzi de Hidroelectrica şi Electro-AlfaZiarul Financiar · 09 Oct 2026 · RO
- Maritime: атакованное у Болгарии судно Alfa Watan опустилось на глубину 2 кмKommersant (RU) · 09 Oct 2026 · RU
- Clubul secret care face milioane pariind pe ce se întâmplă în lume. Cine sunt „Alfa”?HotNews.ro · 05 Oct 2026 · RO
- Top 100 companii antreprenoriale din România: Electro-Alfa InternationalZiarul Financiar · 04 Oct 2026 · RO
- ZF Deschiderea de astăzi la Bursă. Mihai Chişu, eVote: Nu cred că vor avea parte de noi listări de acţiuni în actualul peisaj, însă stabilitatea politică ar putea schimba situaţia. Ultimele debuturi – Cris-Tim şi Electro-Alfa – au fost bine primite de investitoriZiarul Financiar · 01 Oct 2026 · RO
- Electro-Alfa International a finalizat achiziţia Elcomex, furnizor de servicii de mentenanţă pentru centralele nucleare de la CernavodăZiarul Financiar · 22 Sept 2026 · RO
- Electro-Alfa își extinde prezența în sectorul nuclear: a cumpărat Elcomex și își consolidează capabilitățile pentru investiții în proiecte energetice complexeCursDeGuvernare.ro · 22 Sept 2026 · RO
- Electro-Alfa International își consolidează prezența în sectorul nuclear prin finalizarea achiziției ElcomexFinancial Intelligence (RO) · 22 Sept 2026 · RO
- Bursă. Electro-Alfa a finalizat trei achiziţii în prima jumătate a anului pentru 60 mil. lei, iar conducerea spune că rentabilitatea lor va fi evaluată abia după consolidare, în raport cu aşteptările iniţialeZiarul Financiar · 22 Sept 2026 · RO
- Bursă. Electro-Alfa intră de astăzi în indicele BET în locul acţiunilor Sphera Franchise Group - Ziarul FinanciarSurge — Google News · 21 Sept 2026 · RO
- Acțiunile Electro-Alfa International intră în componența BET, indicele principal al BVBEconomedia · 21 Sept 2026 · RO
- Electro-Alfa intră în indicele BET, la doar 6 luni de la listarea la BVB. Acțiunile companiei au crescut cu peste 87%StartupCafe.ro · 21 Sept 2026 · RO
- Acțiunile Electro-Alfa International intră în componența BET, indicele principal al Bursei de Valori București, din 21 septembrieFinancial Intelligence (RO) · 21 Sept 2026 · RO
- De astăzi, acțiunile Electro-Alfa Internațional intră în structura indicelui BET după jumătate de an de la listareProfit.ro · 21 Sept 2026 · RO
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Alfa Financial Software Holdings PLC · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.