iSAM Securities (UK) Limited has reported a decline in profitability for the financial year ended 30 June 2025. Profit before taxation stood at £4.5 million. In the previous year, the company reported £12.8 million. This represents a fall of 65% year on year.

The decline was linked to lower revenue and higher operating costs. The company remained profitable due to non-operating income.

Revenue Drops, Expenses Climb at iSAM

Turnover for the year was £19.56 million. In 2024, turnover was £27.04 million. This marks a decrease of £7.48 million, or 27.7%. The reduction reflects weaker core trading activity.

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Administrative expenses increased during the same period. Costs rose from £28.31 million in 2024 to £31.74 million in 2025. The increase of 12.1%, combined with lower turnover, further reduced margins.

Other Income Offsets Larger Core Losses

The company recorded an operating loss of £12.18 million for 2025. In 2024, the operating loss was £1.27 million. This indicates that core operations generated a larger loss compared to the prior year.

Other income rose significantly. It increased from £6.39 million in 2024 to £12.66 million in 2025. Interest received declined during the year. It fell from £7.69 million to £4.02 million, a decrease of 47.7%.

The combined effect of higher other income and interest received offset the operating loss. As a result, the company reported a profit on ordinary activities before taxation of £4.50 million. The tax charge for the year was £1.18 million, lower than in the previous year. Profit after taxation totalled £3.32 million. In 2024, the company reported £9.63 million.

Previous Year Performance for Context

For comparison, in the financial year ending 30 June 2024, iSAM Securities (UK) reported turnover of £27.04 million, down from £31.62 million in 2023. Administrative expenses fell slightly to £28.31 million.

The company recorded an operating loss of £1.27 million, which was partly offset by higher other income of £6.39 million and interest income of £7.69 million. Pre-tax profit reached £12.81 million, with post-tax profit at £9.63 million. The board confirmed that resources remained adequate to support ongoing operations.