Equiti Capital grows Revenues by 22% in 2022
Equiti Capital UK Limited, the FCA regulated institutional/B2B arm of UAE based global FX and CFDs brokerage Equiti Group, continued on its growth path in 2022, posting a healthy 22% increase in Revenue, although the company saw a slight decline in profitability.
Revenues for 2022 at Equiti Capital came in at $39.6 million, as noted up by 22% from $32.5 million the previous year. Net profit totaled $1.6 million, down from $3.7 million in 2021.
Equiti Capital management noted that this growth was accompanied by investment in digital marketing capabilities, product development, and technical expertise. The company’s balance sheet remains strong, with net assets totaling $37.8 million. Retained profits for the year increased by 37%, further fortifying the company’s financial position and maintaining our robust liquidity.
Considering the company’s rapid growth, Equiti Capital relocated to a larger premises on London Wall to accommodate its expanding team. Looking ahead to 2023, Equiti Capital said it anticipates a more agile and diversified business with increased customer flow and transaction volumes across both the company and the broader Equiti Group.
Liam Conway, CEO of Equiti Capital said:
“2022 was a great year for Equiti Capital. Expanding our team, upscaling our facilities and achieving impressive transactional volumes and growth has positioned us well to maintain our trajectory in the year ahead.”
Equiti Capital’s 2022 income statement and balance sheet follow: