Admirals Group Management
Summary of financial results
Income statement
6M 2023
2022
6M 2022
2021
2020
2019
2018
Net trading income, mln EUR
21.1
69
43
35.7
62.2
33.5
32.6
Operating expenses, mln EUR
25.2
44.7
20.4
37.8
40.6
28.1
22
EBITDA, mln EUR
-2.9
27.4
26
1
23.4
6.9
11.2
Net profit, mln EUR
-4.8
24.3
24
0.1
20.7
5.2
10.3
EBITDA margin
-14%
40%
60%
3%
38%
20%
34%
Net profit margin
-23%
35%
56%
0.4%
33%
16%
32%
Cost-to-income ratio
119%
65%
47%
106%
65%
84%
68%
Business volumes
30.06.2023
31.12.2022
30.06.2022
31.12.2021
31.12.2020
31.12.2019
31.12.2018
Due from credit institutions and investment companies, mln EUR
69.0
72.0
73.5
45.7
53.2
33.7
27.8
Debt securities, mln EUR
5
5.5
3.8
7.6
8.7
9.3
10.8
Shareholders’ equity, mln EUR
75.6
82.9
82.6
59.3
61.1
42.4
38.8
Total assets, mln EUR
93.6
98.2
97.1
71.9
75.2
52
43.4
Off-balance sheet assets, mln EUR
102
86.0
81.7
99.2
82.2
45.9
31.6
Number of active clients*
65,636
55,242
33,493
49,080
48,341
24,148
22,321
Number of active client accounts**
75,975
70,346
41,227
63,231
62,854
30,522
27,993
Employees
319
294
233
300
340
284
228
*Active clients represent clients who have made at least one trade in the last 12 months (for 1Half of 2022 clients who have made at least one trade in the last 6 months)
**Active client accounts represent accounts where at least one trade was made in the last 12 months (for 1Half of 2022 accounts where at least one trade was made in the last 6 months)
Management Board
.jpg)
Supervisory Board
Auditor
On 28 August 2024 Admirals Group AS announced that the company had appointed Ernst & Young Baltic AS as the auditor for the financial years 2024 and 2025. As Ernst & Young is one of the world’s leading audit companies, one of the arguments in choosing the audit service was their international experience and long-term knowledge of the field.
