Admirals derived 43% of its total revenue from the United Kingdom in 2025, highlighting the growing importance of the UK market as the company faced a sharp decline in overall business performance.
According to filings from Admirals’ UK subsidiary, Admiral Markets UK Ltd, revenue generated in the UK remained largely unchanged during 2025. The FCA-regulated entity reported revenue of £6.39 million (€7.39 million), compared with £6.37 million in 2024.
Despite the stable UK performance, Admirals’ group-wide revenue fell substantially during the year. Total revenue for 2025 came in at €17.3 million, down from €38.4 million recorded in 2024. The decline became particularly pronounced in the second half of the year, when the company generated only €4 million in revenue.
Admirals UK Revenue Share Surges to 43% as Group Revenue Falls in 2025
As a result of the broader downturn across the group, the UK business accounted for a much larger share of Admirals’ overall revenue. In 2024, UK operations represented just 19% of total company revenue. By 2025, that figure had more than doubled to 43%.
The revenue contraction was partly with the company’s earlier decision to suspend onboarding new clients in the European Union during 2024. While Admirals resumed accepting EU clients in early 2025, the impact of the previous restrictions continued to weigh on the group’s financial results.
Profitability also remained under pressure. Admiral Markets UK Ltd reported a net loss of £2.03 million for 2025. At the group level, Admirals posted a net loss of €18.5 million for the year, reflecting the challenges faced across its international operations.
Admirals is controlled by founder Alexander Tsikhilov, who returned to the chief executive role in early 2024. The company continues to focus on rebuilding its business following a period marked by regulatory adjustments, reduced client acquisition activity in Europe, and declining revenue across several markets.
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