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Alpha Growth PLC on Tuesday saw it shares jump 51% as it posted improved revenue and a swing to profit in 2024. The London-based financial services company swung to a pretax profit of £969,019 for 2024, moving from a loss of £1.5 million in 2023. Driving this improvement were revenue gains coupled with reduced operating costs. Total revenue advanced 13% to £5.9 million from £5.2 million, while operating expenses fell 37% to £2.4 million from £3.8 million. Segmentally, revenue from Owned Insurance Companies grew 11% to £5.2million from £4.7 million, and for Contracts with Clients it improved 40% to £629,753 from £449,415. Shares in Alpha Growth closed up 51% at 0.45 pence on Tuesday in London, giving the firm a market capitalisation of £2.1 million. Last Monday, Alpha Growth reported its intention to delist from the London Stock Exchange, citing limited investor interest and strategic flexibility for future acquisitions. It noted that its small market capitalisation has restricted institutional investment and that regulatory changes following the UK’s listing rule reforms have added further complexity to its growth plans. On Tuesday, Chair Gobind Sahney confirmed the firm’s intention to delist, commenting that: ‘As previously announced the board has decided that the next stage in its M&A strategy is best achieved off market and that the company’s shares will cease to be listed from 8am on April 15. ‘We are very grateful for the response from shareholders who have indicated their continuing support for the board. We hope these results give shareholders faith that the board’s long-term strategy is beginning to bear fruit. The directors plan to relist the company at the earliest opportunity.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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