Admiral Markets AS Unaudited Financial Results for the First Twelve Months of 2021

Admirals had the most successful year in terms of new customer applications in 2021.

Another success story for Admirals' performance in 2021 is our continuous significant investment in development and IT, as well as our growth into new areas and key services added to the portfolio, which has enabled a broader client base to join the financial sector.

The tremendous volatility of 2020 established a firm basis for future trading and investing habits among millions of individuals worldwide, as seen by today's ever-increasing trade volumes. 2020 was an exceptional year for the financial industry in comparison to the relatively calm trade environment of 2019, reflecting true trends.

“We have maintained our expenses at 2020 levels while investing heavily in growth and infrastructure.” We expanded our portfolio with a variety of additional services and products to stay up with client interest in cryptocurrencies. “These and other actions have enhanced our worldwide position in the FinTech industry,” stated Admirals CEO Sergei Bogatenkov.

Trading levels have been adjusted, and volumes are expected to reach new highs in 2020. Trading income for the Group was 37 million euros, compared to 66 million euros in the same time in 2020. In comparison to 2020, the number of new applications grew by 32%. The Group's net profit for the fiscal year ended was €0.9 million (2020: 20,3 million euros).

Our ongoing commitment to cultural and educational life is an important aspect of our previous year's performance. Financial literacy is one of the pillars of Admirals' long-term goal, which has resulted in a number of instructional and mentorship initiatives. Eesti Kontsert and our strategic partner kood.tech in Jhvi are committed to the long-term viability of Estonian culture and programming education.

“The organization has found success in its road to become a financial hub,” says Sergei Bogatenkov. And our outstanding performance through difficult circumstances, creating exceptional results, and, most importantly, demonstrating the relevance of our vision, long-term objectives, and strategic plan was obvious. I am thankful to our worldwide staff, partners, and investors, with whom we will continue to shake up the financial sector and advocate for a more creative, unified, and personalized financial experience.

Admirals is a multinational FinTech and investing corporation whose regulated subsidiaries provide intelligent solutions for a wide range of financial goods. Admirals has steadily grown its scope since its inception in 2001, and it now provides services globally via licensed trading businesses.

Admiral Markets AS, formed in Estonia, is a part of Admirals Group AS, which has the authority to offer investment services throughout the European Union and European Economic Area nations under the Estonian Financial Supervision Authority's operating license. Admirals is concerned about the success of its partners, therefore they provide a plethora of tried-and-true marketing tools, cutting-edge technologies, and quality assurance.

Admirals now employs over 400 individuals in 18 locations throughout the globe, making it a truly global corporation.