Spreadex Revenues, Profits Unchanged but Cash Flows Rise in FY 2025

UK-based financial spreadbetting and sports betting company Spreadex has published its financial results for the fiscal year ending May 31, 2025, showing largely flat top and bottom lines after a record 2024.

Revenues came in at £104.6 million, up just 1% from £103.3 million the prior year. Net profit fell 2% to £31.7 million, compared with £32.4 million in FY2024. Despite the minimal growth in earnings, the company boosted its dividend payout by 61% to £25.5 million, citing improved cash flows.

The year marked Spreadex’s 25th full financial year. Management attributed the steady results to investments made between FY2022 and FY2024 in long-term growth infrastructure, which continue to drive year-on-year increases in both revenue and pre-tax profit. The company noted that underlying business fundamentals remain strong.

Spreadex has continued to invest in marketing, particularly through sponsorship deals in the English Championship football league. The firm currently sponsors Sheffield United FC and Watford FC.

The higher dividend was enabled by a significant improvement in cash collection. Spreadex reduced amounts owed by debtors by more than £65 million during the year, although this was partially offset by a £25 million reduction in amounts owed to creditors.

Spreadex’s largest shareholders are Bourne Leisure founder Peter Harris and company founder Jonathan Hufford, neither holding a controlling stake. The company is led by CEO David Mackenzie.