Core Insights - Admirals Group AS demonstrated resilience in trading income and positive EBITDA despite a decrease in client activity, attributed to effective cost control measures [1][5] - The Group's net trading income fell by 6% to EUR 38.4 million in 2024 from EUR 40.9 million in 2023, supported by increased market volatility [1][7] - Total operating expenses decreased by 16% to EUR 42.4 million in 2024 from EUR 50.3 million in 2023 due to cost optimization efforts [1][5] Financial Performance - EBITDA improved to EUR 0.9 million in 2024 from a loss of EUR 6.5 million in 2023 [5] - The net loss narrowed to EUR -1.6 million in 2024 compared to EUR -9.7 million in 2023 [5] - Total comprehensive loss for the reporting period was EUR -728 thousand in 2024, significantly better than EUR -9.89 million in 2023 [7][8] Balance Sheet Overview - Total assets decreased to EUR 79.847 million in 2024 from EUR 81.968 million in 2023 [3][6] - Total liabilities reduced to EUR 10.581 million in 2024 from EUR 11.539 million in 2023 [3][6] - Total equity attributable to owners of the parent decreased to EUR 69.266 million in 2024 from EUR 70.402 million in 2023 [6] Operational Developments - The voluntary suspension of new client registrations in the Cyprus-based Admirals Europe Ltd. began in April 2024, impacting client onboarding in the EU [2] - The suspension was temporary to implement necessary technical and organizational measures for product governance alignment with European clients [2] - Client onboarding in the EU resumed in March 2025 following the completion of these measures [2]

Admirals Group AS audited annual report 2024 Despite lower client activity, Admirals Group AS delivered resilient trading income and positive EBITDA through effective cost control measures. • The Group's net trading income decreased by 6% to EUR 38.4 million (2023: EUR 40.9 million), being supported by higher volatility on the financial markets. • The Group’s total operating expenses decreased by 16% to EUR 42.4 million (2023: EUR 50.3 million) as a result of cost optimisation efforts. • EBITDA was EUR 0.9 ...

Admiral Markets AS audited annual report 2024 Despite lower client activity, Admirals Markets AS delivered resilient trading income and positive net profit through effective cost control measures. Net trading income increased by 48% to EUR 13.5 million (2023: EUR 9.1 million) being supported by higher volatility on the financial markets. Total operating expenses decreased by 26% to EUR 13.7 million (2023: EUR 18.5 million). EBITDA was EUR 1.1 million (2023: EUR -6.9 million). Net profit was EUR 0.4 m ...