The Group's net profit came in at AU$410,000, while the Australian operations ended in losses.
The Australian unit is now the sole primary revenue generator.
A cake box with 26 Degrees branding at the rebranding launch party, Photo: 26 Degrees
The net profit of 26 Degrees Global Markets Group, which offers prime brokerage services, dropped by about 92 per cent in 2024 to AU$410,000, according to the company’s annual financial report seen by FinanceMagnates.com. The Australian operations, meanwhile, fell into a loss of AU$669,000, compared to a profit of AU$5.9 million in the previous year.
The pre-tax profit of the Australian entity dropped by over 85 per cent in 2024 to AU$1.2 million. The Group, which includes the subsidiary of the Australian company, ended the year with a profit decline of 67 per cent to AU$2.4 million.
A Dent in Revenue
Meanwhile, the Australian unit remains the only primary revenue generator of the Group, while the other subsidiaries operate as support branches.
Gavin White, CEO at 26 Degrees (previously Invast Global)
The total revenue generated by the Australian parent came in at AU$37.3 million, down from the previous year’s AU$43.3 million—a yearly decline of about 13.9 per cent. Out of the total revenue, trading-related income of AU$28.9 million contributed the most, but it also declined by about 13 per cent.
FinanceMagnates.com earlier reported that the prime brokerage firm intends to surrender its Cyprus licence. However, the firm will continue to maintain its Limassol office as a supporting branch.
The annual report also confirmed that the Group is now expanding its support service teams in “overseas jurisdictions including Cyprus, the United Kingdom and Japan.”
“We look forward to continuing to grow the business globally throughout 2025 and beyond,” the report added.
Hedge Fund Business Line in Focus
26 Degrees (previously Invast Global), at the same time, continued to expand its product offerings. Last year, it launched Pairs CFDs, enabling the trading of index vs index, commodity vs commodity, or equity vs equity—similar to forex pairs. Although the concept of such an instrument was not new, it was the first company to launch it.
“We are pleased to report strong growth across the global Prime Services business throughout 2024, particularly in the FX & Metals, and Index & Commodity CFD product lines,” the report noted, adding that the Australian company has continued to invest in broadening its product offering in the hedge fund business line.
The net profit of 26 Degrees Global Markets Group, which offers prime brokerage services, dropped by about 92 per cent in 2024 to AU$410,000, according to the company’s annual financial report seen by FinanceMagnates.com. The Australian operations, meanwhile, fell into a loss of AU$669,000, compared to a profit of AU$5.9 million in the previous year.
The pre-tax profit of the Australian entity dropped by over 85 per cent in 2024 to AU$1.2 million. The Group, which includes the subsidiary of the Australian company, ended the year with a profit decline of 67 per cent to AU$2.4 million.
A Dent in Revenue
Meanwhile, the Australian unit remains the only primary revenue generator of the Group, while the other subsidiaries operate as support branches.
Gavin White, CEO at 26 Degrees (previously Invast Global)
The total revenue generated by the Australian parent came in at AU$37.3 million, down from the previous year’s AU$43.3 million—a yearly decline of about 13.9 per cent. Out of the total revenue, trading-related income of AU$28.9 million contributed the most, but it also declined by about 13 per cent.
FinanceMagnates.com earlier reported that the prime brokerage firm intends to surrender its Cyprus licence. However, the firm will continue to maintain its Limassol office as a supporting branch.
The annual report also confirmed that the Group is now expanding its support service teams in “overseas jurisdictions including Cyprus, the United Kingdom and Japan.”
“We look forward to continuing to grow the business globally throughout 2025 and beyond,” the report added.
Hedge Fund Business Line in Focus
26 Degrees (previously Invast Global), at the same time, continued to expand its product offerings. Last year, it launched Pairs CFDs, enabling the trading of index vs index, commodity vs commodity, or equity vs equity—similar to forex pairs. Although the concept of such an instrument was not new, it was the first company to launch it.
“We are pleased to report strong growth across the global Prime Services business throughout 2024, particularly in the FX & Metals, and Index & Commodity CFD product lines,” the report noted, adding that the Australian company has continued to invest in broadening its product offering in the hedge fund business line.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Claude Powers Nine of Ten Broker AI Agents That Now Trade Live Accounts
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
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-How crypto and blockchain can enable broader participation beyond traditional financial systems
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
