Axi Financial Services (UK) Limited, the FCA regulated arm of leading Australia based multi-asset broker Axi, has released its financial results for FY2023 (year-end June 30) indicating a significant increase in activity and profits.
Revenues at Axi UK came in at $27.5 million for 2023, more than double the $13.1 million the company brought in the previous year. Net profits at Axi UK totaled $2.1 million in 2023, versus $1.9 million in 2022.
Client funds held at Axi UK totaled $19.7 million as at year-end 2023, versus $20.0 million in 2022.
During 2023 Axi renewed its multi-year sponsorship of EPL football club Manchester City, expanding its rights with the addition of the Manchester City women’s team.
Axi is controlled by its management team led by CEO Rajesh Yohannan, who led a management buyout of Axi in 2022, as was exclusively reported at the time here at FNG.
Axi UK’s FY2023 income statement and balance sheet follow.
