TP ICAP Broking Limited reported a rise in profit and revenue for the year ended 31 December 2024. Profit after tax increased to £39.3 million, up from the previous year. Revenue also grew, reaching £325.8 million. Operating profit rose to £48.5 million. Administrative expenses stood at £276.5 million, up from £268.1 million, while other operating expenses dropped to £787,000 from £1.8 million.

TP ICAP Sees Growth in 2024

The company recorded higher interest income and reported no interest payable for the year. Profit before tax rose to £54.8 million. Income tax expenses also increased.

In addition to its profit, the company recorded £195,000 in other comprehensive income, mainly from foreign currency translation and asset revaluation. Total comprehensive income for the year reached £39.5 million.