Alpha Group International plc (ALPH), a UK-based financial solution provider, on Tuesday, reported increased group revenue in the first half, particularly backed by good results in its Corporate division.
Separately, the company said the recommended acquisition of Alpha by Corpay is expected to be completed in the fourth quarter of 2025, subject to regulatory approvals.
Underlying profit before tax of the firm rose 25% to 27.93 million pounds from 22.31 million pounds a year ago.
Earnings per share on an underlying basis improved by 34% to 49.7 pence from 37.1 pence in the prior year.
Profit before tax, however, dropped 20% to 48.47 million pounds from 60.82 million pounds, mainly attributed to non-dilutive share-based payment charge of 11.9 million pounds.
Profit for the period attributable to equity holders declined to 35.24 million pounds from 44.84 million pounds a year ago.
Earnings per share shrank to 82 pence from 103.5 pence from last year.
Group Revenue improved by 34% to 86.21 million pounds from 64.33 million pounds a year ago.
The rise is backed by 68% increased corporate revenue amounting to 50.1 million pounds from 29.8 million pounds a year ago.
In addition, Private market revenues increased 2% to 34.1 million pounds from 33.3 million pounds a year ago.
The revenue from Cobase, which is the firm's treasury-focused technology platform, increased 63% to 2.1 million pounds from 1.3 million pounds a year ago.
On the London Stock Exchange, the ALPH shares were trading lower at 0.15% at 41.75 pounds.
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