Despite macro headwinds, Alpha forecasts full-year results to align with market expectations.
Alpha Group
International plc (LSE: ALPH), a publicly-listed financial solutions provider
for international corporates and institutions, has released its unaudited interim
report for H1 2023. The report confirmed overall revenue of £55
million which was initially revealed in the company’s trading update published in late July.
Alpha Group Reports
Revenue Boost in H1 2023
The
company's revenue surged 20%, reaching £55 million, compared to £46 million
in the first half of 2022. This growth was accompanied by an increase of 9% in
underlying profit before tax, which stood at £19.6 million. On a statutory
basis, the profit before tax skyrocketed 194% to £52.4 million, which is largely due
to other operating income from interest on client balances.
Alpha Group
also reported a 35% margin in underlying profit before tax, even as it
continues its accelerated investment program. This is a slight dip from the 39%
margin reported in H1 2022. Basic earnings per share increased 163% to 87.8
pence, although it decreased 2% on an underlying basis due to increased UK
corporation tax rates.
Source: Alpha Group
“Whilst we
are mindful of macro headwinds, we have proven in H1 that we can grow strongly
despite these, given the resilience and momentum within our business,” Alpha
Group commented in the interim report.
This
confirms the results that the company published in its July trading update. At
that time, it reported that June was a record month in terms of revenue
generated.
Operational Highlights and
Future Outlook
The
company's FX Risk Management sector saw a revenue increase of 21% to £39 million,
while its Alternative Banking revenue rose 17% to £16 million. The number of
FX Risk Management clients grew 12%, and the average revenue per client
increased 6%. Alpha Group also expanded its operational footprint by launching a Fund Finance offering and the proposed acquisition of Cobase, a
leading provider of bank connectivity technology.
The
company's headcount increased to 430, and it plans to open a second office in
Paddington focused on the institutional market. Alpha Group remains optimistic
about its future, citing its strategic diversification and strong performance
as reasons for confidence despite ongoing macroeconomic challenges.
“Moving
into H2, macro headwinds are likely to remain, however as a result of the
strategic diversification of our business, and our performance to date, we
remain confident in delivering full-year results in line with our expectations,”
Alpha Group added.
The company
additionally announced a proposed interim dividend of 3.7 pence per share. This is up from 3.4
pence in H1 2022, signaling its stronger cash and liquidity position, which
increased 25% over six months to over £142 million.
Almost a year ago, the organization formally declared that Tim Powell had joined its ranks.
Powell has assumed the key positions of Chief Financial Officer (CFO) and Board
Executive Director.
Alpha Group
International plc (LSE: ALPH), a publicly-listed financial solutions provider
for international corporates and institutions, has released its unaudited interim
report for H1 2023. The report confirmed overall revenue of £55
million which was initially revealed in the company’s trading update published in late July.
Alpha Group Reports
Revenue Boost in H1 2023
The
company's revenue surged 20%, reaching £55 million, compared to £46 million
in the first half of 2022. This growth was accompanied by an increase of 9% in
underlying profit before tax, which stood at £19.6 million. On a statutory
basis, the profit before tax skyrocketed 194% to £52.4 million, which is largely due
to other operating income from interest on client balances.
Alpha Group
also reported a 35% margin in underlying profit before tax, even as it
continues its accelerated investment program. This is a slight dip from the 39%
margin reported in H1 2022. Basic earnings per share increased 163% to 87.8
pence, although it decreased 2% on an underlying basis due to increased UK
corporation tax rates.
Source: Alpha Group
“Whilst we
are mindful of macro headwinds, we have proven in H1 that we can grow strongly
despite these, given the resilience and momentum within our business,” Alpha
Group commented in the interim report.
This
confirms the results that the company published in its July trading update. At
that time, it reported that June was a record month in terms of revenue
generated.
Operational Highlights and
Future Outlook
The
company's FX Risk Management sector saw a revenue increase of 21% to £39 million,
while its Alternative Banking revenue rose 17% to £16 million. The number of
FX Risk Management clients grew 12%, and the average revenue per client
increased 6%. Alpha Group also expanded its operational footprint by launching a Fund Finance offering and the proposed acquisition of Cobase, a
leading provider of bank connectivity technology.
The
company's headcount increased to 430, and it plans to open a second office in
Paddington focused on the institutional market. Alpha Group remains optimistic
about its future, citing its strategic diversification and strong performance
as reasons for confidence despite ongoing macroeconomic challenges.
“Moving
into H2, macro headwinds are likely to remain, however as a result of the
strategic diversification of our business, and our performance to date, we
remain confident in delivering full-year results in line with our expectations,”
Alpha Group added.
The company
additionally announced a proposed interim dividend of 3.7 pence per share. This is up from 3.4
pence in H1 2022, signaling its stronger cash and liquidity position, which
increased 25% over six months to over £142 million.
Almost a year ago, the organization formally declared that Tim Powell had joined its ranks.
Powell has assumed the key positions of Chief Financial Officer (CFO) and Board
Executive Director.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
