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Alpha Group International PLC on Tuesday reported healthy growth in new clients and sales in the first half of 2025 as its takeover edges closer to completion. In July, the London-based financial services provider agreed to a £1.81 billion takeover offer from Corpay Inc, an Atlanta, Georgia-based payment provider, worth 4,250 pence per share. The deal is expected to close in the fourth quarter of 2025. On Tuesday morning, shares in Alpha Group were unchanged at 4,175.00p each in London. Alpha Group said pretax profit fell 20% to £48.5 million in the six months to June 30 from £60.8 million the year prior, as non-underlying operating expenses ballooned to £17.2 million from £3.3 million. The expenses included a non-underlying, non-cash, non-dilutive share-based payment charge of £11.9 million compared to nil the year prior, and non-contingent M&A fees of £1.7 million compared to just £100,000 a year ago. On an underlying basis pretax profit grew 25% to £27.9 million from £22.3 million. Revenue increased by 34% to £86.2 million from £64.3 million. Within this, Corporate division revenues grew 68% to £50.1 million, Private Markets revenues climbed 2.4% to over £34.1 million and Cobase revenues advanced 63% to £2.1 million. Alpha Group said Corporate FX Risk Management client numbers increased by 9%, Private Markets FXRM client numbers grew by 23% and Cobase client numbers rose by 45%. Chief Executive Clive Kahn said: ‘Total revenues in the first half of the year continued to show strong growth rates despite ongoing macroeconomic uncertainty. Our Risk Management businesses benefited from increased market volatility as well as benefiting from significant prior-year investments, robust growth strategies, and market-leading teams.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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