Admiral Markets AS Unaudited Financial Results For 12 Months Of 2025

2026-02-26 08:31:47

(MENAFN- GlobeNewsWire - Nasdaq) Admiral Markets AS Unaudited Financial Results for 12 months of 2025

In 2025, lower client trading activity in the Group's core European markets, together with the ongoing impact of a temporary pause in EU client onboarding, materially reduced net trading income.

Net trading income was EUR -1.0 million (2024: EUR 13.5 million).
Net loss was EUR -16.2 million (2024: net profit EUR 0.4 million).
The number of active clients stood at 29,455. Rebuilding and expanding the client base is our key focus.

In 2024, Admirals Europe Ltd. voluntarily paused onboarding of new EU clients while implementing enhancements following CySEC supervisory engagement. This pause reduced new client inflows and continued to affect the client base into 2025.

Admirals resumed EU client onboarding in March 2025. Client acquisition efforts increased in the second quarter of 2025, with a focus on responsible growth, client experience, and compliance.

Looking ahead, the Group's priorities are to rebuild the active client base, improve client activation and retention, and maintain disciplined cost management and a strong compliance framework. The Group believes these actions support a return to more stable performance and long-term value creation for stakeholders.

Statement of Financial Position

(in thousands of euros)	31.12.2025	31.12.2024
Assets
Due from credit institutions	17,576	19,381
Due from investment companies	9,304	13,362
Financial assets at fair value through profit or loss	809	1,602
Loans and receivables	25,126	29,231
Inventories	235	665
Other assets	824	650
Investment into subsidiaries	4,180	4,180
Tangible fixed assets	987	1,041
Right-of-use asset	1,276	1,757
Intangible fixed assets	1,711	2,821
Total assets	62,028	74,690

Liabilities
Financial liabilities at fair value through profit or loss	596	333
Liabilities and prepayments	4,497	744
Subordinated debt securities	1,347	1,347
Lease liabilities	1,507	2,025
Total liabilities	7,947	4,449

Equity
Share capital	2,586	2,586
Statutory reserve capital	259	259
Retained earnings	51,236	67,396
Total equity	54,081	70,241
Total liabilities and equity	62,028	74,690

Statement of Comprehensive Income

(in thousands of euros)	2025	2024
Net gains from trading of financial assets at fair value through profit or loss with clients and liquidity providers	18,488	37,435
Brokerage and commission fee revenue	804	1,062
Brokerage and commission fee expense	-20,523	-25,451
Other trading activity related income	292	418
Other trading activityrelated expense	-68	0
Net income from trading	-1,007	13,464
Other income similar to interest	0	85
Interest income calculated using the effective interest method	-1,039	1,366
Interest expense	-144	-155
Other income	560	433
Other expense	-429	0
Net gains on exchange rate changes	-642	198
Net loss from financial assets at fair value through profit or loss	-178	-1,358
Personnel expenses	-3,829	-4,019
Operating expenses	-9,344	-7,642
Depreciation of tangible and intangible assets	-1,704	-1,532
Depreciation of right-of-use assets	-482	-485
(Loss) / Profit before income tax	-16,160	355
Income tax	0	0
Net (loss) / profit for the reporting period	-16,160	355
Comprehensive income for the reporting period	-16,160	355
Basic and diluted earnings per share	-40,00	0,88

Additional information:

Alexander Tsikhilov
Chairman of the Management Board of Admirals Group AS
...
+372 6309 300

Attachment

workfile AMAS (ENG) Interim 31.12.2025 (260226)

MENAFN26022026004107003653ID1110793928

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.