FCA regulated multi-asset liquidity solutions provider MAS Markets has followed up a doubling of its Revenue base in 2024 with an (almost) equally good year in FY 2025.

For the 2025 financial year (ended June 30, 2025), MAS Markets reported turnover of £6.13 million, representing a 92% increase year-on-year (2024: £3.19 million). Gross profit increased to £3.23 million, a 118% rise compared to £1.48 million in 2024, with gross margins improving to 52.68% (2024: 46.34%). The business reported EBITDA of £535,082, reflecting improved operational efficiency alongside continued investment into the long-term scalability of the company.

Alongside financial growth, trading activity increased significantly during the year, with total trading volumes increasing 81% year-on-year.

Commenting on the results, Simon Blackledge (pictured above), Chief Executive Officer of MAS Markets, said,

“2025 was a year of strong execution and meaningful growth for MAS Markets. The performance we achieved reflects the continued trust of our clients and the dedication of our team. We made deliberate investments in people and infrastructure to support long-term scale, and we now have the right foundation in place to continue building momentum into 2026 and beyond.”

Investment in People and Operational Strength

During 2025, MAS Markets said it continued to invest in its operational capabilities through targeted recruitment and infrastructure development.

The increase in administrative costs during the year reflects planned growth in staff numbers, as the company expanded its operational, technology, and client-facing teams to support increasing business activity. MAS Markets confirms that it has now reached a stage where the right staffing structure is in place, providing a strong operational platform to support continued expansion.

Business Expansion and Product Development

Throughout 2025, MAS Markets broadened its product offering to meet evolving client requirements across global markets. These developments formed part of a wider strategy to enhance service delivery, diversify revenue streams, and strengthen the company’s competitive positioning. Continued investment in technology and infrastructure ensured operational capacity remained aligned with increasing demand.

Continued Momentum into 2026

Performance momentum has continued into the current financial year, with revenue generated during FY 2026 exceeding the full-year 2025 revenue total by month 7 (January 2026). This milestone reflects sustained growth across the business and continued client engagement.

MAS Markets said it enters 2026 with an expanded operational platform, strengthened staffing structure, and an enhanced product offering.

The company remains focused on supporting clients through reliable, scalable liquidity and execution services, while continuing to invest in people, technology, and infrastructure to support long-term growth.

About MAS Markets

MAS Markets is a multi-asset liquidity provider, offering tailored pricing and execution solutions across FX, indices, commodities and digital assets. The firm supports institutional clients globally, combining advanced technology with experienced market expertise to deliver efficient and scalable trading solutions.

MAS Markets was rebranded from BidX Markets in 2024. The company was founded in 2021 by CEO Simon Blackledge, who continues to hold a controlling interest in the company. Simon had previously run MT4/MT5 white label solutions provider itexsys.