Admiral Markets AS

Admiral Markets AS

Admirals witnesses a significant rise in active and new clients.

Number of new applications in the Group went up by 77% to 266,779 applications compared to 2022 and is up by 116% compared to 2021.

  • Admiral Markets AS’ net trading income was 9.1 EUR million (2022: EUR 44.3 million, 2021: EUR 20.5 million and 2020: EUR 47.1 million);

  • EBITDA was -6.9 EUR million (2022: EUR 25.9 million, 2021: EUR 2.5 million and 2020: EUR 21.6 million);

  • Number of active accounts in the Group went up by 57% to 110,471 clients compared to 2022 and is up by 75% compared to 2021;

  • Number of active clients in the Group went up by 62% to 89,764 clients compared to 2022 and is up by 83% compared to 2021.

„In 2023, the rising number of believers in our strong leadership, client-centricity, innovative products, and high-tech capabilities has led to a record growth in active customer numbers. This surge indicates a collective investment in financial freedom, and we are delighted to play a pivotal role in this journey,“ said the CEO of Admiral Markets AS Sergei Bogatenkov. 

According to him the company’s performance is inherently connected to ever shifting dynamics of market movements. „The year brought unexpected changes and while adapting to the circumstances, we took proactive measures to optimise every aspect of our operations. Looking forward, we are confident that the optimisations implemented in response to the challenges of 2023 will pave the way for a remarkable 2024. Our collective efforts and resilience position us well to navigate the evolving landscape, ensuring that our vision for 2030 remains not only intact but fortified,“ he noted.

Statement of Financial Position

(in thousands of euros)

12/31/2023

12/31/2022

Assets

Due from credit institutions

10.175

20.111

Due from investment companies

9.014

13.266

Financial assets at fair value through profit or loss

6.353

7.933

Loans and receivables

37.274

34.634

Inventories

311

48

Other assets

970

2.230

Investments into subsidiaries

4.180

4.180

Tangible fixed assets

1.494

1.850

Right-of-use asset

2.221

2.684

Intangible fixed assets

2.943

3.095

Total assets

74.935

90.031

Liabilities

Financial liabilities at fair value through profit or loss

217

214

Liabilities and prepayments

980

4.350

Subordinated debt securities

1.353

1.827

Lease liabilities

2.499

2.949

Total liabilities

5.049

9.340

Equity

Share capital

2.586

2.586

Statutory reserve capital

259

259

Retained earnings

67.041

77.846

Total equity

69.886

80.691

Total liabilities and equity

74.935

90.031

Statement of Comprehensive Income

(in thousands of euros)

2023

2022

Net gains from trading of financial assets at fair value through profit or loss with clients and liquidity providers

41.777

70.462

Brokerage fee income

1.668

1.880

Brokerage and commission fee expense

-34.656

-28.832

Other trading activity related income

339

753

Net income from trading

9.128

44.263

Other income

877

528

Other expense

10

-10

Interest income calculated using the effective interest method

1.044

698

Other income similar to interest

172

137

Interest expense

-184

-210

Net gains on exchange rate changes

-214

1.130

Net gains at fair value through profit or loss

61

-363

Personnel expenses

-4.634

-4.828

Operating expenses

-12.168

-14.826

Depreciation of tangible and intangible assets

-1.259

-1.202

Depreciation of right-of-use assets

-484

-483

Profit before income tax

-7.651

24.834

Income tax

-535

0

Profit for the reporting period

-8.186

24.834

Comprehensive income for the reporting period

-8.186

24.834

The reports of Admiral Markets AS are available on the following website: https://www.admirals.group/admiral-markets-as-reports

About Admirals: 

Admirals is one of the world’s leading FinTech companies headquartered in Estonia. Admirals is a financial hub that makes personal finance transparent, convenient and accessible to everyone, everywhere, offering both beginners and experienced experts the opportunity to enter the global financial markets. Today, Admirals is one of the most international companies in Estonia, with physical offices in 18 countries around the world. Admirals is committed to building a strong global team in new regions of the world. Admirals’ long-term mission is to enable financial freedom for 10 million people by 2030. 

Additional information:
Kaia Gil 
Communication manager of Admiral Markets AS
ir@admiralmarkets.com
https://www.admirals.group/

Attachment

link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *

https://ltg-academy.ch/wp-includes/situs-judi-slot-terbaik-dan-terpercaya-no-1/