Alpha Group's Revenue Jumps 27% YoY to £98.3M in 2022

Alpha Group International plc (Alpha Group), a high-tech, high-touch provider of financial solutions, has generated £98.3m revenue for for the year ended 31 December 2022, increasing 27% from 2021’s £77.5m.

"2022 has been a year of strong but also controlled growth for the business - one in which we delivered great results whilst taking the time to invest in the strength and sustainability of our growth platform,” Morgan Tillbrook, Chief Executive Officer of Alpha Group, commented.

Profit before tax including other operating income for 2022 came in at £47.2m, surging 42% on a yearly basis. Basic earnings per share, including interest income, grew 50% from the prior year’s 57.7p to 86.8p.

Specifically, revenue from FX Risk Managements stood at £69.5m, up 22% compared to 2021’s £57.1m. And revenue Alternative Banking Solutions reached £28.8m, rising 41% year-over-year.

Alpha Group ended 2022 with 357 staff, increasing from 214. The group was debt free in the year with £144m net assets, and £114m in adjusted net cash.

Alpha Group International plc was rebranded from Alpha FX Group plc ​in December 2022.