FY25 Audited Consolidated Results SIBJ Capital LLC

ICFG Limited

27 May 2026

 

ICFG Limited
("ICFG" or the "Company", together with its subsidiaries, the "Group")

FY25 Audited Consolidated Results of SIBJ Capital LLC

ICFG Limited (LON: ICFG), the international financial services group, announces the completion of the audit of the consolidated financial statements of SIBJ Capital LLC ("SIBJ"), the Group's wholly owned holding company in Mongolia, for the year ended 31 December 2025.

SIBJ holds all of the Group's operating businesses in Mongolia and Central Asia, including InvesCore, whose FY25 Results were announced via RNS on 30 April 2026, together with the Group's property, capital market, insurance and technology platform businesses.

The audited consolidated results of SIBJ therefore reflect the full performance of the Group's operating subsidiaries.

Highlights of SIBJ Results

·      Net operating income increased by 22% to MNT 201.6 billion (c. US$56.6 million) in FY25 (FY24: MNT 164.7 billion (c. US$46.3 million)), reflecting growth across the Group's diversified business lines.

·      Profit for the year increased by 12% to MNT 95.8 billion (c. US$27.0 million) in FY25 (FY24: MNT 85.5 billion (c. US$24.0 million)).

·      The property unit reported net operating income of MNT 12.6 billion (c. US$3.5 million) in FY25 (FY24: MNT 11.4 billion (c. US$3.2 million)), reflecting a shift in the revenue base from the sale of completed properties towards recurring project and property management income.

·      The capital market unit generated higher net operating income of MNT 4.0 billion (c. US$1.1 million) in FY25 (FY24: MNT 2.4 billion (c. US$0.7 million)), driven by increased trading volume on the OTC market in Mongolia (YoY: 87%) and raising MNT 144.6 billion (c. US$ 40.6 million) for clients through several underwriting projects.

·      During Q4 2025, SIBJ launched digital life insurance products via Connect Life following its acquisition and the approval of a specialised life insurance licence in Mongolia, achieving over 100,000 customers as at 31 December 2025.

ICFG Limited expects to publish its audited results for the financial year ended 31 December 2025 in June 2026 and will update the market in due course.

Note: MNT figures have been translated at a rate of 3,560 MNT/US$, being the exchange rate as at 31 December 2025.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

For further information, please contact: 

ICFG Limited  Enkhmaral Batkhuyag, CEO  [e-mail]

Strand Hanson Limited (Financial Adviser)  Rory Murphy / Abigail Wennington / Harry Marshall  [phone]  SP Angel Corporate Finance LLP (Joint Broker)   Stuart Gledhill  [phone]   AlbR Capital Limited (Joint Broker) formerly Novum Securities   Jon Bellis / Colin Rowbury  [phone]

 

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