An announcement from TEAM plc ( (GB:TEAM) ) is now available.
TEAM plc has announced its final audited results for the year ending 30 September 2024, reporting a significant increase in total client assets to £1.16 billion and a twofold rise in revenues to £10.3 million. The company has reorganized into three divisions, with the International division experiencing substantial growth and poised to be the primary growth engine. Despite an adjusted EBITDA loss, TEAM plc has raised additional funds post-year-end and plans further expansion with new fund launches and increased client asset inflows. The company’s strategic focus on international financial advisory markets in the Middle East, Southeast Asia, and Africa aims to drive future growth, supported by a robust recruitment strategy and competitive offerings.
More about TEAM plc
TEAM plc is a wealth, asset management, and complementary financial services group focusing on International Finance Centres. The company operates through three main divisions: Investment Management, Advisory, and International. It provides discretionary investment management services, model portfolios, bespoke portfolios, and fund management services. TEAM plc is committed to growth through acquisitions, team and individual hires, collaboration with partners, and organic expansion.
YTD Price Performance: 17.50%
Average Trading Volume: 42,008
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.97M
For detailed information about TEAM stock, go to TipRanks’ Stock Analysis page.