LIMASSOL, CYPRUS, 03 September 2024 — Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1trn in 2023, announces interim results for the six months ended 30 June 2024 (H1 24).
First half financial highlights
Revenue grew significantly, driven by much higher trading activity:
Group Net Revenue grew by 35%
Total number of registered accounts grew by 63%
Total client trading volumes increased by 6% to $725bn (H2 23: $683bn)
Total number of trades increased by 7% to 50m (H2 23: 46m)
Operational highlights
Continued investment in talent, IT and second line infrastructure to ensure sustainable, long-term growth:
Global headcount increased by 17% to 728 (H2 23: 621) as the Group continues to grow and as part of our commitment to ensuring we have the strongest possible infrastructure to serve our global client base
Selective investments made to grow UK and EU teams, namely in the Technology and Engineering department
The Middle East continues to be a strong contributor to growth. In March, Capital.com received approval to deal in securities from the UAE’s Securities and Commodities Authority. Capital.com was also recognised as the fastest growing tech-enabled platform in the Middle East for the third-straight year by Deloitte Technology’s Fast 50 programme.
Senior Management Team Appointments
In H1 2024, Capital.com appointed Jessica Bliesner as Group Chief Operating Officer. Based in London, Jessica will be responsible for spearheading the Group’s strategic initiatives and optimising processes to drive greater efficiency across Capital.com’s regional operations. In her new role, Jessica will work closely with the Senior Leadership Team to ensure Capital.com continues to deliver value to its clients and stakeholders while driving a culture of growth and innovation across the business.
Three new regional CEOs were appointed over the first half to build strong local leadership teams and drive growth and innovation in each market. Rupert Osborne was appointed CEO of Capital Com UK Limited (Capital Com UK), Campbell MacPherson was appointed CEO of Capital Com Australia Pty Ltd (Capital Com Australia), and Tarik Chebib was appointed CEO of Capital Com MENA Securities Trading LLC (Capital Com MENA).
Ariel Segev, Group Chief Financial Officer, Capital.com, commented: “We are delighted to report a strong performance for the first half of 2024, marked by a 63% increase in new user accounts and a 35% rise in net revenue. These results underscore our strategic investments in talent, IT, and second-line systems, which are driving our global growth. Our commitment to innovation and excellence has solidified Capital.com’s position as a leading tech platform in our key markets. As we continue to expand our global footprint and enhance our services, we remain dedicated to delivering exceptional value to our clients and stakeholders.”
For further information please contact:
Camarco
Ed Gascoigne-Pees, Executive Director Phoebe Pugh, Associate Director
ed.gascoigne-pees@camarco.co.uk phoebe.a.pugh@camarco.co.uk
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