Sucden Financial Posts 55% Profit Increase in Strong 2024 Result

Sucden Financial has announced strong financial performance for the year ended 31 December 2024, with significant increases across all key metrics including profit, revenue and total net assets.

The multi-asset execution, clearing and liquidity provider saw profit before taxation rise to £36.7 million, a 54.6% increase from £23.8 million in 2023.

Net revenue grew by 22.1%, reaching £85.2 million compared to £69.7 million in the previous year. The company's total net assets increased by 7.1% to £181.1 million, up from £169.0 million in 2023.

The company attributed the improved performance to favourable market conditions and successful business development initiatives. Sucden Financial highlighted its organic growth strategy and technology investments as key factors enabling the expansion of its service offerings across FX, fixed income and commodities markets.

Marc Bailey, Sucden's CEO commented on the latest results, "In 2024, Sucden Financial delivered a very positive performance across all key financial metrics, benefitting from supportive market conditions as well as the positive momentum we are building across the business. Our prudent organic growth strategy and significant investments in technology mean we are able to offer clients a growing range of services across FX, fixed income and commodities markets globally."

The firm expressed confidence in its future outlook, stating it is "well positioned for the future with the stability and flexibility to support our clients in rapidly evolving market conditions."