Admirals’ results are exceptional for the first half of 2022

Admirals’ results are exceptional for the first half of 2022

Compared to the same period last year, Admirals has significantly increased its net trading income, trading volumes and net profit in the first half of the year, continuing large-scale investments in IT and innovation. The company acquired new licenses in South Africa and Canada. These are eloquent success stories of implementing a strong strategy with a long-term goal of ensuring financial freedom for 10 million people by 2030.

  • Admirals Group AS net income increased by 149 % (43 million euros versus 17.3 million euros in the same period of 2021)
  • Net profit 24.01 million euros (-1.7 million euros in the same period of 2021)

“Despite the great uncertainty in the world economy and political situation, we continued to implement our long-term goals, continuing to unite personal finance and investing for our client. Our first half-year results are exceptional, trading volumes are strong and stable,” said the CEO of Admirals Group AS Sergei Bogatenkov.

According to Bogatenkov, Admirals is steadily growing its customer base and introducing a variety of products focused on its strengths by increasing trading and investment opportunities through the app, accelarating people along the path towards financial freedom. “At the same time, we continue to be a reliable and high-quality market leader for experienced participants in the sector. The number of people using the Admirals app continues to grow,” the CEO noted.

In the past six months, the company acquired licenses in South Africa and Canada. “We are strategically increasing our presence in different regions of the world. Canada is the first step for the company’s positioning in North America, and Africa, as a fast and developing financial center, is an excellent opportunity to strongly expand our customer base,” described the company’s CEO.

According to Bogatenkov, the company’s team is ready to face the new economic cycle in rapidly changing circumstances: “Admirals has proven that it belongs to the top of the FinTech world. We are the quality leader in our sector and as a global financial center we offer our clients digital tools on their way to financial freedom.”

Admirals has just announced the continuation of cooperation with Eesti Kontsert. The company is also the main sponsor of the Estonian football club FCI Levadia, supports the financial literacy of young people through various cooperation and projects, and stands by Ukraine and Ukrainians.

“Our company stands next to organizations and initiatives that create significant value for society. Today, we are also focused on sustainability and applying green thinking both in our core business and as a global team,” added the CEO.

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