Admiral Markets AS audited annual report 2023
April 30 2024 - 2:05PM
Admiral Markets AS audited annual report 2023
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 EUR 9.1 million (2022: EUR 44.3 million, 2021: EUR 20.5
million and 2020: EUR 47.1 million) • EBITDA was EUR -6.9
million (2022: EUR 25.9 million, 2021: EUR 2.5 million and 2020:
EUR 21.6 million) • Number of active clients in the Admirals
Group went up by 62% to 89,764 clients compared to 2022 and is up
by 83% compared to 2021 (2022: 55,242, 2021: 49,080 and 2020:
48,341 active clients). • 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 (2022: 70,436, 2021: 63,231 and 2020:
62,854 active accounts).
|
Statement of Financial Position |
|
|
|
(in thousands of euros) |
31.12.2023 |
31.12.2022 |
|
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 |
|
Basic and diluted earnings per share |
-20.26 |
61.47 |
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
ASir@admiralmarkets.comhttps://www.admirals.group/
- AMAS (ENG) annual 2023
- Admiral Markets (PIE, sis. tegevusaruannet, lühendatud, XHTML)
2023 est.asice