**Summary of Alpha Group International PLC Half-Year Results (H1 2025):**
**Financial Highlights**
**Revenue Growth** Group revenue increased by 34% to £86.2 million (H1 2024: £64.3 million), driven by a 68% rise in the Corporate division to £50.1 million and a 2% increase in Private Markets to £34.1 million. Cobase revenues grew by 63% to £2.1 million.
**Profitability** Underlying profit before tax rose 25% to £27.9 million (H1 2024: £22.3 million), with a margin of 32% (H1 2024: 35%). Statutory profit before tax fell 20% to £48.5 million due to non-underlying charges, including £11.9 million in share-based payments and £1.7 million in M&A fees.
**Client Metrics** Average client balances increased 5% to £2.2 billion, with Corporate FX Risk Management clients up 9% to 1,029 and Private Markets clients up 23% to 332. Cobase clients grew 45% to 245.
**Cash Position** Adjusted net cash stood at £234.5 million (31 December 2024: £217.5 million), reflecting strong liquidity.
**Business Highlights**
**Acquisition by Corpay Inc.** A recommended all-cash acquisition of Alpha by Corpay Inc. is expected to complete in Q4 2025, subject to regulatory approvals.
**Operational Expansion** Launched a new Corporate office in Austria and increased Front Office headcount by 32% to 207.
**Board Appointment** Nicole Coll joined as Non-Executive Director in February 2025.
**Segment Performance**
**Corporate Division** Revenue surged 68% to £50.1 million, driven by strong trading activity and the "land and expand" strategy. Underlying profit before tax margin was 45% (H1 2024: 48%).
**Private Markets Division** Revenue grew 2% to £34.1 million despite subdued market conditions. Underlying profit before tax margin was 18% (H1 2024: 28%) due to continued investments.
**Cobase** Revenues increased 63% to £2.1 million, with client numbers up 45% to 245, supported by cross-team collaboration.
**CEO Commentary**
Clive Kahn, CEO, highlighted strong revenue growth despite macroeconomic uncertainty, attributing success to increased market volatility and strategic investments. The Corpay acquisition recognizes Alphas value and growth potential, with a focus on capitalizing on opportunities in H2 2025.
**Post-Reporting Period**
**Corpay Acquisition Update** Shareholder approval for the acquisition was obtained on 2 September 2025, with completion pending regulatory approval.
**LTIP Awards** Tim Powell (CFO) and Tim Butters (CRO) received share awards under the Group Long-Term Incentive Plan in August 2025.
**Conclusion**
Alpha Group International PLC delivered robust H1 2025 results, marked by significant revenue growth, strategic expansion, and a transformative acquisition by Corpay Inc. Despite non-underlying charges impacting statutory profits, the Group remains well-positioned for sustainable growth, supported by a strong balance sheet and market-leading teams.