Investment Case

Growth levers

  • Sophisticated risk-management technology
  • Engaging live content and educational resources
  • Ongoing investment in our platforms

Diversification

  • Increasingly diversified business through organic and inorganic growth
  • Wide geographic footprint across five continents
  • Continued progress in product diversification

Market leading technology and content

  • Platform offering strong reliability with over 99.9% platform uptime
  • Consistent trade execution capabilities, key benefit for experienced traders
  • Content a key differentiator with wide variety of courses for all levels and over 10 hours of daily live content

Quality clients

  • High-quality, loyal client base provides recurring revenue streams

Strong balance sheet and disciplined capital management

  • Highly cash generative with a clearly defined allocation framework

2025 Financial highlights

Total revenue

£

1,075.9

m

(FY24: £987.3m )

Basic earnings per share

106.3

p

(FY24: 79.4p)

Total dividend per share

47.2

p

(FY24: 46.2p)

profit before tax

£

499.2

m

(FY24: £400.8m)

Net own funds generated from operations

£

427.8

m

(FY24: £350.1m)

Share buyback announced

£

150

m