Britannia Global Investments Swings to £657,000 Profit as Revenue Jumps 23-Fold

Bitcoins

Wednesday, 15/04/2026 | 06:03 GMT by
Damian Chmiel

  • The London-based institutional broker reported turnover of £9.85 million for 2025, with client custody assets reaching £7.43 billion.
  • Securities financing activity generated £7.39 million in interest income and pushed BGI past the FCA’s Significant SYSC Firm threshold in February.

bitcoins Big Ben and the House of Parliament in London

Britannia
Global Investments swung to a £657,002 profit in 2025 from a £1.14 million loss
the year before, as the FCA-regulated institutional broker pushed deeper into
securities financing and saw client custody assets jump to £7.43 billion from
£1.23 billion.

Singapore Summit: Meet the largest
APAC brokers you know (and those you still don’t!)

From £1m Loss to £657k
Profit

Turnover at
the London firm reached £9.85 million for the year ended December 31, more than
23 times the £427,330 reported in 2024, according to annual financial
statements filed with Companies House this week.

The
wholly-owned subsidiary of Britannia Financial Group Limited posted pre-tax
profit of £906,979, compared with a pre-tax loss of £1.52 million the year
before. The turnaround came as BGI, which provides custody, execution -only
brokerage and securities financing to professional and institutional customers
globally, ran a transitioned business under a refreshed board that included the
September appointment of director Simon Foster.

The shift
extends a trajectory flagged in coverage of BGI’s 2024 results, when custody assets tripled but
the company still booked a loss.

Key Performance Indicators

Metric

2025

2024

Change

Turnover

£9.85m

£427,330

+2,206%

Commissions

£1.81m

£202,277

+793%

Custody fees

£658,445

£225,053

+193%

Interest
income (incl. securities financing)

£7.39m

£0

n/m

Operating profit/(loss)

£421,071

(£1.61m)

Swing to profit

Pre-tax profit/(loss)

£906,979

(£1.52m)

Swing to profit

Profit/(loss)
for the year

£657,002

(£1.14m)

Swing to profit

Source:
Britannia Global Investments Limited annual report and financial statements for
the year ended 31 December 2025, filed with Companies House on 14 April 2026.

Securities Financing
Becomes Largest Revenue Line

The most
striking change in BGI’s
income profile came from securities financing, an activity that contributed
nothing to the books in 2024. Interest income, which the firm now reports
together with securities financing revenue, generated £7.39 million in 2025,
accounting for roughly three-quarters of total turnover. Commissions rose to
£1.81 million from £202,277, while custody fees climbed to £658,445 from
£225,053.

The balance
sheet now reflects the scale of that activity. Securities financing receivables
stood at £164.74 million at year-end, against obligations of £131.81 million,
leaving a net position of £32.93 million. None of those line items existed a
year earlier.

London Faces Crowded Field
for Institutional Custody and Prime Services

BGI’s move
into securities financing places it alongside a growing number of London firms
competing for hedge fund, family office and asset manager flow. In June 2023,
StoneX Financial launched a CASS-compliant multi-asset custody solution under
its StoneX Institutional Prime brand, bundling repo financing and
securities lending.

IG Group
has expanded its IG Prime business over the same period, while Marex Group and
Sucden Financial continue to invest in prime services and outsourced
trading
for
institutional clients.

The
non-bank prime segment has also drawn larger corporate activity. Ripple’s $1.25
billion acquisition of Hidden Road and the subsequent rebrand to Ripple Prime in 2025 combined clearing,
financing and prime brokerage across FX, digital assets and fixed income under
one banner, illustrating how custody and financing are increasingly bundled
with execution at the institutional end of the market.

BGI’s
positioning differs from those operations. The company focuses on cash
equities, fixed income, equity swaps, funds and securities financing rather
than CFD-led or crypto-native services, and serves clients globally except in
the United States and other restricted jurisdictions.

Its sister
firm, Britannia Global Markets, runs the group’s brokerage and FX prime business, which has previously expanded into FX, index and commodity CFDs under the Britannia Prime brand.

2026 Outlook

The wider
Britannia Financial Group has been building out its FCA-regulated footprint
over the past year. Britannia Global Markets gained LME Category 4 membership in late
2025
, expanding the
group’s metals trading capability, and previously drew on senior hires from TP
ICAP, LSEG and Morgan Stanley including Martin Ryan as COO of that entity.

The
directors said commission revenue is expected to rise further in 2026,
attributing the projection to higher custody assets and trading volumes. BGI
carries a deferred tax asset of £2.75 million against expected future profits,
and recorded a tax charge of £249,977 for the year following the move into
taxable income.

Britannia
Global Investments swung to a £657,002 profit in 2025 from a £1.14 million loss
the year before, as the FCA-regulated institutional broker pushed deeper into
securities financing and saw client custody assets jump to £7.43 billion from
£1.23 billion.

Singapore Summit: Meet the largest
APAC brokers you know (and those you still don’t!)

From £1m Loss to £657k
Profit

Turnover at
the London firm reached £9.85 million for the year ended December 31, more than
23 times the £427,330 reported in 2024, according to annual financial
statements filed with Companies House this week.

The
wholly-owned subsidiary of Britannia Financial Group Limited posted pre-tax
profit of £906,979, compared with a pre-tax loss of £1.52 million the year
before. The turnaround came as BGI, which provides custody, execution -only
brokerage and securities financing to professional and institutional customers
globally, ran a transitioned business under a refreshed board that included the
September appointment of director Simon Foster.

The shift
extends a trajectory flagged in coverage of BGI’s 2024 results, when custody assets tripled but
the company still booked a loss.

Key Performance Indicators

Metric

2025

2024

Change

Turnover

£9.85m

£427,330

+2,206%

Commissions

£1.81m

£202,277

+793%

Custody fees

£658,445

£225,053

+193%

Interest
income (incl. securities financing)

£7.39m

£0

n/m

Operating profit/(loss)

£421,071

(£1.61m)

Swing to profit

Pre-tax profit/(loss)

£906,979

(£1.52m)

Swing to profit

Profit/(loss)
for the year

£657,002

(£1.14m)

Swing to profit

Source:
Britannia Global Investments Limited annual report and financial statements for
the year ended 31 December 2025, filed with Companies House on 14 April 2026.

Securities Financing
Becomes Largest Revenue Line

The most
striking change in BGI’s
income profile came from securities financing, an activity that contributed
nothing to the books in 2024. Interest income, which the firm now reports
together with securities financing revenue, generated £7.39 million in 2025,
accounting for roughly three-quarters of total turnover. Commissions rose to
£1.81 million from £202,277, while custody fees climbed to £658,445 from
£225,053.

The balance
sheet now reflects the scale of that activity. Securities financing receivables
stood at £164.74 million at year-end, against obligations of £131.81 million,
leaving a net position of £32.93 million. None of those line items existed a
year earlier.

London Faces Crowded Field
for Institutional Custody and Prime Services

BGI’s move
into securities financing places it alongside a growing number of London firms
competing for hedge fund, family office and asset manager flow. In June 2023,
StoneX Financial launched a CASS-compliant multi-asset custody solution under
its StoneX Institutional Prime brand, bundling repo financing and
securities lending.

IG Group
has expanded its IG Prime business over the same period, while Marex Group and
Sucden Financial continue to invest in prime services and outsourced
trading
for
institutional clients.

The
non-bank prime segment has also drawn larger corporate activity. Ripple’s $1.25
billion acquisition of Hidden Road and the subsequent rebrand to Ripple Prime in 2025 combined clearing,
financing and prime brokerage across FX, digital assets and fixed income under
one banner, illustrating how custody and financing are increasingly bundled
with execution at the institutional end of the market.

BGI’s
positioning differs from those operations. The company focuses on cash
equities, fixed income, equity swaps, funds and securities financing rather
than CFD-led or crypto-native services, and serves clients globally except in
the United States and other restricted jurisdictions.

Its sister
firm, Britannia Global Markets, runs the group’s brokerage and FX prime business, which has previously expanded into FX, index and commodity CFDs under the Britannia Prime brand.

2026 Outlook

The wider
Britannia Financial Group has been building out its FCA-regulated footprint
over the past year. Britannia Global Markets gained LME Category 4 membership in late
2025
, expanding the
group’s metals trading capability, and previously drew on senior hires from TP
ICAP, LSEG and Morgan Stanley including Martin Ryan as COO of that entity.

The
directors said commission revenue is expected to rise further in 2026,
attributing the projection to higher custody assets and trading volumes. BGI
carries a deferred tax asset of £2.75 million against expected future profits,
and recorded a tax charge of £249,977 for the year following the move into
taxable income.

bitcoins Damian Chmiel

  • 3651 Articles
  • 113 Followers

Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.

His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.

Education:
MA in Finance and Accounting, Cracow University of Economics

  • 3651 Articles
  • 113 Followers

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