Admirals Group AS has released its unaudited financial results for the first half of 2025. The period saw lower client trading activity across the Group’s core European markets.

Net Income Drops, Admirals Posts Loss

Net trading income fell to EUR 13.3 million, down from EUR 22.0 million in the same period last year. Operating expenses declined by 20% to EUR 18.3 million, compared with EUR 22.9 million in H1 2024. The Group reported a net loss of EUR 5.9 million, wider than the EUR 1.2 million loss recorded in the previous year.

The number of active clients was 23,190. Admirals is focused on rebuilding and expanding its client base following a temporary strategic pause in 2024.

EU Client Onboarding Restarts After Suspension

Last year, Admirals voluntarily suspended onboarding of new European clients at Admirals Europe Ltd., in line with recommendations from the CySEC regulator. The suspension aimed to ensure regulatory compliance and maintain client trust.

Client onboarding resumed in March 2025 after the required measures were implemented. User acquisition efforts intensified in the second quarter of 2025, as the Group sought to re-establish its presence in the EU market.