Strong Profit Growth
Adjusted profit before tax reached $303 million in the first 9 months, marking a 26% increase compared to the same period last year. Third-quarter adjusted PBT was $101 million, up 25% year-on-year.
Revenue Growth
Third-quarter revenues grew 24% to $485 million, with revenues for the first 9 months of the year increasing by 23% to $1.45 billion.
Clearing Segment Performance
The Clearing segment continued strong performance with average clearing client balances increasing every quarter since Q1 2024, up 4% from Q2.
Prime Services Expansion
Prime Services generated $171 million in the first 9 months of the year, compared to $85 million in 2023, reflecting significant growth.
M&A Activities and Geographic Diversification
Recent acquisitions such as Winterflood, Aarna, Hamilton Court, and Agrinvest are contributing to geographic diversification, particularly in the Middle East, APAC, and Brazil.