The UK unit of London Capital Group, which operates as an introducing broker, reported lower revenue and a return to losses for the year ended 31 December 2025.

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Revenue for the year stood at £1.69 million, down from £2.07 million in 2024. The company reported no cost of sales in 2025, compared with £16,132 in the prior year. Gross profit therefore matched revenue at £1.69 million, down from £2.09 million a year earlier.

Costs Rise, LCG Swings to Loss

Operating costs increased over the period. Administrative expenses rose to £1.77 million from £1.61 million in 2024. The higher cost base, combined with lower revenue, pushed the company back into operating loss. The operating result was a loss of £78,142, compared with an operating profit of £482,105 in the previous year.

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Below the operating line, finance income increased to £10,224 from £4,191. Finance costs declined to £592 from £8,588. This resulted in net finance income of £9,632, compared with a net finance cost of £4,397 in 2024.

After finance items, the company recorded a pre-tax loss of £68,510. This compares with a pre-tax profit of £477,708 in 2024. The net result for the year was also a loss of £68,510, reversing the prior year’s profitability.

LCG Separated from Holdings

LCG was previously part of London Capital Group Holdings, the former listed parent company that delisted and later entered liquidation following financial difficulties after 2018. In 2018, the brokerage business was acquired by former CEO Charles-Henri Sabet, separating it from the holding structure and re-establishing it as a standalone operation.

It was later linked to Sabet’s Switzerland-based FlowBank group, formed in 2020. FlowBank was declared bankrupt by Swiss regulator FINMA in 2024 following findings related to capital, governance, and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term requirements.