Equiti Capital UK Limited reported a sharp decline in net trading revenue for the year ended 31 December 2025, with the UK-regulated forex and derivatives broker posting $24.4 million in net trading revenue, down from $32.2 million the prior year—a 24% year-over-year decrease.
- Net Trading Revenue: $24.4 million (−24% year-over-year)
- Operating Loss: $(0.9) million vs. operating profit of $0.4 million prior year
- Profit Before Tax: $0.1 million vs. $0.8 million prior year
- Profit After Tax: $33,266 vs. $530,342 prior year (−94%)
- Cash Dividend Paid: $7 million to shareholders
- Average Headcount: 46 employees (vs. 60 prior year)
- Segregated Client Money: $9.6 million held
The decline reflects the company’s continued realignment of its operating model within the wider Equiti Group, including reduced principal trading and risk-bearing activities, a pause on onboarding medium and high-risk clients, and scaled-back liquidity provision services to Group entities. Operating costs totaled $24.3 million, down marginally from $31.8 million prior year, as headcount contracted by 23% to an average of 46 staff.
Net assets stood at $32.4 million as of year-end, down from $39.4 million prior year, reflecting the dividend payout. The board maintained the going concern basis for accounting, noting the company would sustain adequate liquidity under reasonably plausible downside scenarios. Interest income rose to $1.2 million from $0.7 million on margin balances held with liquidity providers.
The company is pursuing a strategy to diversify its client base and product offerings beyond its core CFD concentration, subject to regulatory approval.
