Capital.com UK Revenue Halves as Group Moves Staff to Separate Entity

Capital Com (UK) Limited, the FCA-regulated arm of the Capital.com group, reported net trading revenue of £18.8 million for 2025, down 54% from £40.9 million a year earlier, according to its latest annual accounts. Profit for the year fell to £1.49 million from £4.45 million, while gross profit dropped to £13.4 million from £39.6 million. Profit from operations came in at £604,473, compared with £6.2 million in 2024, and profit before tax declined to £521,601 from £5.9 million.

The company attributed much of the movement to an internal reorganisation completed during the year, under which certain employees and operational activities were transferred to a newly established group service entity. Those staff continued to support the same group-wide and client-facing operations. The change altered the basis on which the UK entity is remunerated by the group, so the lower revenue and total assets reflect the new structure rather than the discontinuation of any product line.

Rebates and headcount drive the shift

Rebate income from group companies remained the UK entity's main revenue line but fell to £18.4 million from £42.4 million. Revenue share payable declined to £1.17 million from £2.22 million, while income from other services rose to roughly £1.28 million from about £209,000.

Average monthly headcount dropped to 30 from 116, and staff costs fell to £5.0 million from £19.5 million. Administrative expenses declined to £12.8 million from £33.4 million. Other cost lines moved in the opposite direction: direct expenses rose to about £5.4 million from £1.3 million, driven by marketing and promotion fees of £2.45 million versus £69,817 a year earlier, and other direct costs of roughly £2.49 million against about £608,000. Support fees and payment service provider fees were broadly stable at £169,499 and £281,304 respectively.

The balance sheet showed growth in client money. Segregated client funds increased to £21.7 million at year-end from £19.7 million a year earlier, and the company paid a £4.0 million dividend, having paid none in 2024. Its regulatory capital note stated that it met FCA capital requirements throughout the year. The accounts cover Capital Com (UK) Limited only and do not represent consolidated results for the wider Capital.com group.