Axi Financial Services (UK) Limited, the FCA regulated arm of leading Australia based multi-asset broker Axi, has released its financial results for FY2024 (year-end June 30) indicating a significant increase in activity and profits, for the second year in a row
Revenues at Axi UK came in at $39.0 million for 2024, up by 42% over the $27.5 million the company brought in the previous year. Net profits at Axi UK totaled $3.9 million in 2024, versus $2.1 million in 2023.
Client funds held at Axi UK totaled $20.8 million as at year-end 2024, versus $19.7 million in 2023.
In 2023 Axi renewed a multi-year sponsorship of EPL football club Manchester City, expanding its rights with the addition of the Manchester City women’s team. Axi also has a Brand Ambassador partnership with Manchester City star John Stones.
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 FY2024 income statement and balance sheet follow.
