After we reported earlier this year that its key FCA regulated UK subsidiary, Trading 212 UK Limited, had a fairly good 2025, it comes as no surprise that the overall Trading 212 group did very well for the year.

Parent company Trading 212 Group Limited has reported its financial results for 2025, showing revenues of £345.8 million (USD $457 million), up by 70% from £204.0 million in 2024. Trading 212 group net profit came in at £96.4 million ($127 million) in 2025, versus less than half that, £44.1 million, the previous year.

Trading 212 group paid out dividends of £20.0m (2024: £3.0m) during 2025 to its shareholders. On 27 August 2026, the directors recommended and paid out further dividends of £34.3m to the shareholders – indicating that 2026 is probably going even better so far than 2025.

Trading 212 is controlled by Bulgarian entrepreneurs Borislav Nedialkov and Ivan Ashminov. The company is run day-to-day by London based CEO Mukid Chowdhury.

Group overview

Trading 212 Group Limited, incorporated in February 2016, is a financial holding group that operates primarily through its principal subsidiaries and owning and licensing the T212 brand, logo and trademarks.

These subsidiaries allow their customers to trade stocks and manage cash savings through a shared proprietary investment platform and mobile app as well as entering into Contracts for Difference (‘CFDs’) on a range of asset classes.

As of 31 December 2025, the Group had six principal subsidiaries, namely:

1. Trading 212 UK Limited (registered in the United Kingdom and regulated by the Financial Conduct Authority) (“T212UK”).
2. Trading 212 EOOD (registered in Bulgaria and regulated by the Bulgarian Financial Supervision Commission) (“T212BG”).
3. Trading 212 Markets Limited (registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission) (“T212CY”).
4. Trading 212 AU Pty Limited (registered in Australia and regulated by the Australian Securities and Investments Commission) (“T212AU”).
5. Trading 212 EU GmbH (registered in Germany and regulated by The Federal Financial Supervisory Authority) (“T212DE”). This entity was formerly known as FXFlat Bank GmbH; the change of name was completed on 20 February 2026.
6. Trading 212 Markets (Ireland) Limited (registered in Ireland and regulated by the Central Bank of Ireland) (“T212IE”). The entity was incorporated on 21 January 2025 and obtained its licence on 1 December 2025.

The Group has other entities within its structure, but none of them were material or actively trading during the year.

Strategy

T212 is an online only investment broking and wealth management platform for retail clients. Its mission is to democratise access to financial markets and empower its users to build healthy saving and investment habits.

While operating an integrated savings, investment, and trading platform offering CFDs alongside tax-efficient ISAs and General Investment Accounts, T212’s growth strategy remains focused on the stockbroking and cash savings part of the business, and growing the value of client money and client asset balances under administration.

While this growth continues to be driven in part by broader market trends and activity, crucially, it is driven by the increasing popularity of T212’s platform and its product offering. This includes T212’s zero commission pricing structure, the ability to trade in fractional amounts of shares, platform functionality to build portfolios, and market-leading interest on cash. In addition, the ability to trade via T212’s mobile app has proved to be extremely popular with the tech-savvy demographic.

These features have helped open up online share trading and wealth management to a significantly wider and more diverse client base which may not historically have had access to the financial markets or been considered as potential customers. Trading 212’s products, services and technology have facilitated and enabled a wider audience to participate in managing their own financial affairs and investment decisions that they were previously unable to do.

New initiatives

During the year, T212 launched and further developed several initiatives to improve and enhance its client offering. Some highlights include:

• The interest-sharing programme has been further strengthened, so that for the vast majority of 2025, clients have enjoyed market-leading interest rates and flexibility on their uninvested cash.
• The continued expansion of the Trading 212 debit card offering which allows clients with a General Investment Account to have more convenient access to their funds and benefit from market-leading cashback on spending.
• The trading infrastructure has been enhanced to allow over 100,000 orders per second.
• Transitioning its Public Application Programming Interface (“API”) to live execution, enabling users to automate trades and build bespoke financial tools.

Group financial performance

In 2025, the Group made revenues of £345.8m (2024: £204.0m) and profit before tax of £127.7m (2024: £59.6m). The 70% growth in revenues, follows a 67% increase the previous year and continues to demonstrate the increasing popularity of technology based trading and wealth-building apps that allow the “new” generation to manage their financial portfolios using tech that is both familiar to them whilst removing significant costs of both entry and ongoing transaction-based costs.

The Group’s total administrative expenses rose 53% to £233.lm (2024: £152.5m) reflecting a larger headcount, increased marketing activities and greater transactional costs.

The Group’s net assets have increased from £205.2m to £281.6m year on year, a result of continued profitability less £20.0m in dividends.

Non-financial indicators

Non-financial indicators have historically been focused on customer acquisition and customer activity. As there is no cost for a client to open an account, the number of accounts holding either cash or assets is the more useful gauge of business growth and potential.

During 2025 some of the key metrics we analyse have moved as follows:

• number of funded accounts up 64%.
• average number of monthly active users up 86%.
• total value of client money & assets combined up 137%.
• System uptime increased from 99.98% to 99.99%.
• Apple store rating increased from 4.6 to 4.7.
• Client satisfaction from chat/emails rose from 76 to 86.

Other positive indicators of performance during the year include the significant improvements made across the business including:

• improvements made to the Group’s operational resilience framework and operations;
• the maturity of the risk management framework and risk reporting capabilities; and
• further embedding the changes from the Group’s Target Operating Model throughout the business.

Future developments

The Group said it will continue its objective of democratising access to financial markets through increasing the breadth and value of the products and services offered to its client base through the T212 platform. The Group aims to achieve this through new products as well as further enhancements to the existing offering.

To this end, the Group’s subsidiary, T212UK, gained permission from the Financial Conduct Authority on 26 February 2026 to launch a Self-Invested Personal Pension (“SIPP”) product. The new SIPP offering has been developed to complement and enhance the Group’s current range of products, enabling customers to consolidate their long-term financial planning needs within a single platform. This product was launched to the public in May 2026. The directors believe that the addition of a SIPP product will deepen the Group’s relationship with its existing customer base whilst also broadening its appeal to prospective customers seeking a comprehensive, tax-efficient retirement savings solution.

Furthermore, the Group has restructured its risk management and trade execution framework by centralising specific operational activities within Trading 212 Markets (Ireland) Limited. Following Board approval in February 2026, the Group transitioned its Contract for Difference (“CFD”) hedging activities and Systematic Internaliser (“SI”) functions for the share dealing business to this specialist Irish entity. This transition was completed in May 2026. This restructuring is intended to provide the Group with greater execution efficiency and more robust market risk mitigation by leveraging Group-wide expertise and scale.

Trading 212 group’s income statement and balance sheet for 2025 follow below.