HYCM UK Swings to £236,304 Loss in 2025 as Costs Outpace Revenue Growth

HYCM Capital Markets (UK) Limited reported a net loss of £236,304 for the year ended 31 December 2025, reversing a £1.25 million profit recorded a year earlier.

The companys latest accounts show that revenue was broadly stable, but a sharp rise in administrative expenses pushed the UK business into the red.

Contents

01

Revenue edged higher, but expenses jumped

02

Prior-year comparison was helped by a one-off gain

03

Balance sheet shows higher cash, lower net assets

04

UK entity remains active after wider group changes

05

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Revenue edged higher, but expenses jumped

Turnover for 2025 came in at £981,137, up from £950,775 in 2024.

That modest increase, however, was overshadowed by a much larger move in costs. Administrative expenses rose to £1,304,859, compared with £580,908 the year before. As a result, HYCM UK moved from an operating profit of £373,024 in 2024 to an operating loss of £323,665 in 2025.

After taking tax into account, the final result for the year was a loss of £236,304.

Prior-year comparison was helped by a one-off gain

The comparison with 2024 is also affected by the fact that the earlier year included a fair value gain of £972,102, while no similar item appeared in the 2025 accounts.

That means the change between the two years was not driven only by operating performance. The absence of that one-off gain made the 2025 decline look even sharper on the bottom line.

Balance sheet shows higher cash, lower net assets

Despite the loss, the company ended the year with a higher cash position. Cash at bank and in hand rose to £5,120,620, up from £2,911,427 in 2024.

At the same time, net assets declined from £3,655,355 to £3,419,051. Current assets totaled £6,763,740, while short-term creditors rose to £3,344,855.

The accounts also show total equity of £3,419,051, consisting of £300,000 in called-up share capital and £3,119,051 in profit and loss reserves.

UK entity remains active after wider group changes

HYCM Capital Markets (UK) Limited continues to provide execution-only dealing services in CFDs on foreign exchange, commodities, and other derivative products for retail and professional clients on behalf of another group company. In return, it receives an agency fee, which forms its income base.

The 2025 figures come after broader structural changes around the HYCM brand in recent years, including the disposal of the groups Dubai business in 2024 and the continued concentration of activity around the London entity and other remaining jurisdictions.

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