Overview
- Admirals Group AS posted an unaudited net loss of €18.5 million for 2025 as net trading income fell to €17.4 million from €38.4 million a year earlier.
- Operating expenses at the group declined 18% to €34.8 million, reflecting cost cuts and operational realignment that did not offset the revenue shortfall.
- Admiral Markets AS reported a 2025 net loss of €16.2 million with net trading income turning negative at €-1.0 million compared with €13.5 million in 2024.
- Active clients totaled 29,455 at year-end 2025, with results affected by softer trading in core European markets and the EU client-onboarding pause that ended in March 2025.
- The group’s balance sheet contracted, with total assets down to €58.3 million from €79.8 million and total equity to €49.7 million from €69.3 million versus 2024.