Fortrade Revenue Rises 23% to Its Highest Since 2022 as Net Profit Falls
By Damian Chmiel
AI summary of the source article
FCA-authorized broker Fortrade reported a 23% rise in 2025 revenue to £26.1 million, its highest level since 2022. Despite top-line expansion, profit before tax slipped 4% to £1.44 million, and net profit fell 21% to £1.08 million after its tax charge nearly tripled to £356,831. Cost of sales rose 28% to £20.2 million, outpacing revenue growth and shrinking gross margins from 25.5% to 22.8%. Operating cash flow turned negative with an outflow of £626,166 after tax, leaving year-end cash down 6% at £6.02 million. Directors labeled performance satisfactory amid difficult trading conditions and rising competition in its core market.
Why it matters
The results illustrate margin compression and rising tax burdens facing UK retail CFD brokers despite robust top-line revenue recovery.
Key facts
- Fortrade's revenue rose 23% to £26.1 million in 2025, while net profit dropped 21% to £1.08 million.
- Cost of sales expanded 28% to £20.2 million, reducing the broker's gross margin from 25.5% to 22.8%.
- Net operating cash outflow reached £626,166 after tax, compared to £3.32 million generated in 2024.