Trading 212 UK Reports 5% Increase in 2022 Net Profit

Trading 212 UK, the UK unit of the online Forex and CFD broker Trading 212, has generated revenue of more than £98.7 million in the full year of 2022, an increase of 5 percent compared to £94 million in 2021.

The pre-tax profit last year stood at over £50.8 million, 9 percent lower over 2021. In addition, net proift from the UK branch for the year was £41.1 million, also dropping 9 percent from 2021’s  £45.2 million.

The yearly operating income declined sharply from the prior year's £4.5 million to £1.7 million, with administrative expenses growing from £42.4 million to £49.1 million. The financial expenses soared to £918,724, compared to that of 2021 at £265,181.

In the full year of 2021, Trading 212 Group's total revenue stood at £138.7 million​, increasing 11.2 percent on a year basis. The pre-tax profits grew 473 percent to £86 million.