Spreadex Limited, the UK-based sports and financial spread-betting operator, reported revenue of £104.6 million for the financial year ending 31 May 2025, up 1.3% from £103.3 million in the prior year. The company’s profit before tax climbed to £43.2 million, a modest 2.3% increase from £42.2 million the previous year.
- Revenue: £104.6 million (+1.3% year-over-year)
- Operating Profit: £40.1 million (vs. £39.8 million prior year)
- Profit Before Tax: £43.2 million (vs. £42.2 million prior year)
- Net Profit After Tax: £31.7 million (vs. £32.4 million prior year)
- Dividends Paid: £25.5 million (vs. £15.8 million prior year)
- Net Assets: £134.2 million (vs. £128.1 million prior year)
- Average Headcount: 202 employees (vs. 193 prior year)
After-tax profit declined 2.4% to £31.7 million from £32.4 million, reflecting a higher tax charge of £11.6 million versus £9.8 million in the prior year. The company maintained a strong balance sheet with net assets of £134.2 million, up 5% year-over-year, and increased cash holdings to £97.5 million.
The filing coincides with ongoing regulatory scrutiny. The Competition and Markets Authority opened an investigation in December 2023 into whether Spreadex’s acquisition of Sporting Index Limited reduced competition in the UK licensed sports spread-betting market. A final report is expected in September 2025. The company has reserved the right to appeal to the Competition Appeal Tribunal if remedies are imposed.
Spreadex increased its workforce by 9 employees on average and raised the dividend payout significantly to £25.5 million, representing a 61% increase from the prior year. The company continues to invest in marketing, branding and technology infrastructure to support future growth across its sports betting and financial derivatives offerings.
