Reflections: Phi’s 2025 

Fast Growth. Big Energy. Bold Momentum. 

2025 was a big year for Phi. Demand accelerated, our teams moved even faster, and the result was one of our strongest years yet. With rising needs across trading and risk technologies, quant, cloud and vendor platform services, Phi continued to prove why clients trust us with their most critical programmes. 

Commercial momentum is clear. Revenue jumped by 15.3%, reflecting sustained client demand and longer-term commitments across our lines of business. Expansion with existing clients demonstrates growing trust in Phi to deliver increasingly strategic work, while new client wins around the world underline the relevance and specialist nature of our services. 

To meet this demand, we scaled our delivery capability significantly this year. Teams grew at pace, particularly across front office & risk technology, quant and cloud services, enabling rapid mobilisation and consistent delivery at scale. A 24.9% uplift in employee headcount reflects both the breadth of our expertise and our ability to grow teams without compromising quality. 

This scale is increasingly global. Casablanca expanded for quant services; Budapest cemented its role as a powerhouse for front office and risk engineering and we opened our Murex centre in Cyprus – all while growing our presence across the Middle East and India. Wherever clients are pushing forward, Phi is right there with them. 

Alongside this growth, we have welcomed brilliant new colleagues and invested heavily in training, development and certifications. Our graduate programme brought fresh perspectives and energy into the business, quickly making an impact across engineering and quant services. 

In our client engagements and internally, 2025 wasn’t just about delivering more – it was about delivering smarter. We have embraced AI and optimised our operations through Salesforce and targeted automation. Improved data quality, management reporting and dashboards strengthened decision-making, improved cost control, and gave us the visibility to act quickly and with confidence. 

And of course, the Phi spirit was alive all year long – from FIFA tournaments and paintball to family days and team events across regions. Our culture remains one of our greatest strengths: open, ambitious and connected across the firm. 

As we step into the new year, Phi is stronger, faster and more energised than ever. We’re ready for the next chapter – and excited for what we’ll build together. 

Onwards to 2026!