FairFX Results.pdf

£2.37 billion (111% increase from 2017)
Group revenue: £26.1 million (69% increase from 2017)
Gross profit: £20.5 million (72% increase from 2017)
Adjusted EBITDA: £7.51 million (680% increase from 2017)
Adjusted PBT: £6.79 million (650% increase from 2017)

Operational Highlights

Acquisition of City Forex in February 2018
Successful integration of City Forex payments platform
Surpassed 1 million customers
Commenced self-issuance of cards under Mastercard direct membership
Significant investment in technology platforms

Q1 2019 Highlights

Group turnover: £620.5 million (33% increase from 2017)
Group revenue: £7.0 million (43% increase from 2017)
Growth across all segments
* Achieved direct access to Faster Payments and real-time gross settlement (RTGS) accounts at Bank of England

CEO Statement

"2018 was a transformational year... We continued our strong growth, both organic and via acquisition, and combined this with significant investment in our people and technology... The Group has enjoyed a strong start to 2019, with the first quarter delivering a further jump in turnover along with improved margins." - Ian Strafford-Taylor, CEO