Pepperstone Limited, Australia’s FCA-licensed Retail FX and CFDs arm Pepperstone, has reported good growth in activity and profitability in 2023 for the second consecutive year, as the company continues to focus on international expansion.
Following 36% growth in 2022, Pepperstone UK posted a 30% increase in revenue for 2023 to £13.9m (2022: £10.7m). Pepperstone has a financial year end of June 30.
In essence, Pepperstone UK saw profits more than double from £3.8m in 2022 to £10.0m in 2023.
In the year ended 30 June 2023, the balance of client funds held in segregated accounts was £25.2 million (2022: £28.9 million).
During the year, the company launched more than 215 new products across various asset classes, taking the total number of products offered to more than 1,400. Pepperstone UK works with TradingView as an additional platform provider.
Below is Pepperstone UK’s 2023 income statement and balance sheet.
