Tickmill Group Sees Further Growth in 2019

Group ended 2019 by recording significant growth in financial metrics which are outlined as follows:

  • Net revenue stood at $68.6 million, marking a 52.1% increase from 2018’s result of $45.1 million.
  • Net profit came in at $37.7 million, up 91.4% compared to 2018’s figure of $19.7 million.
  • Trading volume reached up $1,485 billion, up 8.6% from 2018, whereas the total number of trades executed amounted to 89.40 million, an increase of 7% from the previous year.
  • Average monthly trading volume was at $123.8 billion compared to $114.3 billion in 2018, marking an increase of 8.3%.

All financial metrics related to the Group’s performance in 2019 vis-à-vis 2018 are listed below:

20192018Year-Over-Year Growth
Net Trading Revenue*$68.6m $45.1m + 52.1%
Net Profit*$37.7m $19.7m + 91.4%
Owners’ Equity*$72.7m $40.7m + 78.6%
Trading Volumes$1.485bn $1.368bn + 8.6%
Trades Executed89.40m 83.56m + 7.0%
Figures at 31 January 2018 and 2019. *Based on the pro-forma consolidation of the audited results of all regulated entities.

Commenting on the results, Mukid Chowdhury, Group CFO of Tickmill, said: “The progress made by Tickmill Group in 2019 demonstrates the continued improvements achieved across all areas of the business, from our marketing and branding initiatives through to a focus on first-class customer service and the innovations introduced on our technology and products. Despite some challenging trading conditions during 2019, these improvements have allowed Tickmill to continue to attract new clients and further expand its operations”.

Mr. Chowdhury added: “We remain committed in continuing the investment towards the development of our people, products, and services, and to provide our clients with the service they expect in order to ensure that Tickmill is their provider of choice for their trading needs. This is an integral part of our strategy to achieve sustained growth“.

2020 Performance

Moving on to 2020, the global landscape has changed significantly following the worldwide pandemic seen during the first half of the year.

During the period of lockdown experienced across numerous countries, all Tickmill entities remained fully operational and continued to ensure that its clients receive the full service and support available while developing new products and services for the year ahead.

Moreover, in H1-2020 Tickmill Group has seen an increase across all key metrics with net trading revenues for the first half of the year at $54.3 million and profit before tax at $35.4 million. Trading volumes continued to increase with average monthly volumes of $132 billion in H1-2020.

These results demonstrate Tickmill’s firm commitment to its clients, ensuring their needs are met at all times.

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