Alpha Group
International (LSE: ALPH),
a global provider of financial risk management solutions and banking
alternatives, reported a 23% increase in revenue to £135.6 million for the year
ended December 31, 2024, according to its annual results released today (Wednesday).
Alpha Group International
Reports 23% Revenue Growth in 2024
The FTSE
250 company saw its profit before tax rise
6% to £123.1 million while underlying profit before tax (excluding
treasury income and non-recurring items) grew 10% to £47.4 million.
“2024
has seen strong growth across both divisions despite a challenging
macroeconomic environment,” said Clive Kahn, who
succeeded founder Morgan Tillbrook as CEO on January 1, 2025.
The
company’s performance was significantly enhanced by interest earned on client
balances, which contributed £84.0 million in net treasury income, up
14% from £73.7 million in 2023. Client balances increased 10% to £2.3
billion in the fourth quarter.
Corporate, Private Markets, and Cobase
Alpha’s
business is divided into three segments: Corporate, Private Markets (formerly
“Institutional”), and Cobase, a Dutch treasury technology platform
acquired in December 2023.
The
Corporate division, which focuses on currency risk management for businesses,
saw revenue growth of 21% to £63.8 million, with client numbers increasing 16%
to 974. The division’s international expansion continued to pay dividends, with
overseas offices reporting 44% collective revenue growth.
“The
strong foundations of Alpha’s model and culture, as well as highly
knowledgeable and incentivized management teams based across all our overseas
offices, fuel confidence that these offices can, over time, scale to mirror
the success of our Corporate London operation,” Kahn stated.
The Private
Markets division, which serves private equity, credit, venture capital, and
infrastructure clients, grew revenue by 20% to £69.0 million despite subdued
deal activity in those sectors. The division’s risk management client base
expanded by 33% to 311 clients.
Cobase, in
its first full year under Alpha’s ownership, saw revenue increase 70% to
approximately €3 million and client numbers rise 59% to 214.
Dividend and Share Buyback
The
company’s adjusted net cash position increased by £38.7 million to £217.5
million, reflecting what the company described as a “strong cash generation
and debt-free position.”
“The
Group’s positive trading momentum in H2 2024 has continued into 2025, which
combined with the increasing benefits of our investments to date, means we
remain confident in the outlook for FY25 and beyond,” said Kahn.
Alpha’s
board has proposed a final dividend of 14.0 pence per share, bringing the total
dividend for 2024 to 18.2 pence, up from 16.0 pence in 2023.
The company
also completed one £20
million share buyback program during the year and had executed half of a
second £20 million program by year-end.
This article was written by Damian Chmiel at www.financemagnates.com.
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