Swissquote Ltd, the UK-domiciled matched principal broker and CFD provider, reported a loss before taxation of £1.76 million for the year ended 31 December 2025, compared with £1.16 million in 2024, according to its latest Companies House filing. The deterioration reflects a sharp contraction in trading activity and revenue generation amid challenging market conditions and regulatory headwinds.
- Revenue (net turnover): £301,201 (-28% year-over-year, down from £418,567 in 2024)
- Operating Loss: £1.97 million (vs. £1.53 million prior year)
- Loss Before Tax: £1.76 million (vs. £1.16 million in 2024)
- Loss After Tax: £1.70 million (vs. £1.16 million in 2024)
- Total Assets: £5.99 million (down from £6.57 million)
- Shareholders’ Funds: £2.48 million (down from £4.15 million)
- Client Money Held: £2.90 million in segregated accounts
- Headcount: 9 employees (unchanged from 2024)
- Cash Position: £4.91 million (down from £6.09 million)
Trading volumes decreased 15 percent year-over-year, with dollar-per-million (DPM) metrics declining 14 percent. The firm attributed the revenue contraction to limitations on active solicitation of clients in compliance with internal policy and regulatory constraints, as well as increased complexity in onboarding new customers following the loss of EU passporting rights post-Brexit.
Administrative expenses increased to £2.27 million from £1.94 million despite lower activity levels, reflecting elevated compliance and restructuring costs. The company received a £5 million capital injection from parent Swissquote Group Holding Ltd in January 2026, following approval of a Variation of Permission application aimed at broadening the firm’s service offerings and refocusing toward sustainable profitability. No dividends were declared during 2025.
Directors stated the company maintains a solid financial position supported by prudent management, with the parent company providing a Letter of Support confirming ongoing financial backing. The restructuring initiative is intended to reposition the business to capture emerging opportunities and enhance operational resilience amid evolving regulatory requirements.
