Equals Money company news

Equals Group revenues up 84% for H1-2022

Anna Meehan
Anna Meehan 05 July 2022

We're pleased to announce a strong H1-2022 performance for Equals Group, with an 84% growth in revenue at £31.3 million and continued strong product uptake. 

Financial results 

These numbers show another record-breaking performance for the Group, which follows on from a strong FY-2021 performance. 

Gross profits for the period are estimated at £15.0 million (up 47% on H1-2021), and cash balances, after earnouts paid in the Period of £1.2 million, rose to £15.1 million.

You can read the full financial report with revenue in detail here.

In addition to the strong financial performance, we're continuing to invest in our product development, customer marketing, front-office staff resources, and compliance capabilities.

CEO Ian Strafford-Taylor said: “We are extremely pleased to see an 84% increase in our revenues in the first half with all segments performing exceptionally well.  We believe that our revenues are highly ‘inflation-resistant’ and that this should be beneficial for the Group and our Shareholders in the second half of 2022 and beyond.  We will be releasing our interim results in early September, and we look forward to further updating the market on our progress then".

What does this mean for our customers? 

This means you can continue to trust us to support you with your business finances. By  growing and increasing our revenue, we can put more effort into releasing new and exciting features to make our products better for you and your business.

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