FNG Exclusive… FNG has learned from regulatory filings that the UK online trading market accounted for a fairly large percentage, 43%, of overall Revenue at Estonia based CFDs broker Admirals in 2025.

That is way up from 2024, when UK Revenues were just 19% of the company’s total.

2025 was a difficult year for Admirals, which saw a collapse of overall group Revenue in the second half of the year, to just €4 million. For the full year 2025 Admirals brought in €17.3 million in Revenue, versus €38.4 million in 2024.

Filings in the UK made by Admiral Markets UK Ltd, the group’s FCA licensed arm, indicate that Admirals’ UK-based Revenues remained fairly steady in 2025, at £6.39 million (or €7.39 million) versus £6.37 million in 2024. However due to the drop-off of overall company Revenues elsewhere, caused in part by a 2024 halt in onboarding clients in the EU at the company, UK Revenues accounted for 43% of the group’s total in 2025. (Admirals restarted onboarding EU clients early in 2025).

Admirals’ UK entity posted a net loss of £2.03 million in 2025. The overall group suffered a net loss of €18.5 million in 2025.

Admirals is controlled by its founder Alexander Tsikhilov, who returned to the CEO role at Admirals in early 2024.