INFINOX reports surging revenues and client AuM for FY 2022
London-headquartered INFINOX has reported its final year-end results for the period ending March 31, 2022. The group had continued its momentum heading into year’s end, reporting a strong year-over-year jump in key measures, which included revenues, profits, and client growth.
For the twelve months through March, INFINOX reported its revenues at £17.08 million ($20.8 million), which reflected a sizable jump of 104 percent year-over-year from £8.37 million ($10.19 million) in the year prior. Gross profit was also a large mover in 2022, climbing to £8.55 million ($10.4 million) from just £6.6 million, or 30 percent on a year-over-year basis.
In terms of its bottom line metrics, INFINOX said its operations yielded £1.06 million ($1.3 million) in net profit, up from £228k in 2021.
Furthermore, INFINOX also saw its steady gains in client acquisitions throughout 2022. The total value of its client assets under management increased by 65% compared to prior year, now at £14 million. This growth came in spite of a litany of challenging trading conditions and turmoil in its core markets.
The full-year results corroborated a trend that already been in place for the duration of FY 2022 – the introduction of its IXO Prime brand paid off for the entirety of the fiscal year, pushing revenues to new highs. The multi-asset liquidity solution is backed by a global trading infrastructure, and offers over 300 trading instruments. Additionally, clients can access more benefits such as IXO Position Keeper, technology, white label offerings and more.
INFINOX said the business has had a successful year as the new product offers liquidity and institutional services to brokers, money managers, professional clients, prop trading desks and Fintech companies. INFINOX also rolled out the MT5 platform offering to ensure its clients have access to the latest trading platform.
Via a White Label solution, the broker has begun offering access to a wide range of exchange traded futures products. INFINOX noted that the new offering was the result of a pent up interest in the trading of companies across major world markets, including Europe and the Americas. This includes companies traded on the New York Stock Exchange, the London Stock Exchange, Börse Frankfurt, Bolsa de Madrid, Euronext Paris and Euronext Amsterdam.