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European clients drive UK revenue
Eightcap Group Ltd, the London arm of Melbourne-based Eightcap, reported £4.49 million in revenue for the year to 30 June, with clients in continental Europe accounting for £3.17 million, or 70.5%. Accounts filed with Companies House show that European revenue made up 67.1% in the prior reporting period. The unit is regulated by the Financial Conduct Authority (FCA).
UK clients contributed £178,126, equal to 4% of revenue. A further £1.14 million came from a transfer-pricing agreement with a group company, which lifts the unit's earnings to an agreed margin.
That left it taking almost £18 for each pound generated from UK trading. FM Intelligence data cited in the accounts coverage puts Europe at 42% of organic visits to the broker websites it tracks in the third quarter of 2026.
Year-end shift clouds comparisons
The UK company changed its financial year-end from February to June to align with its parent, so the current year and the previous 16-month reporting period are not directly comparable. On a monthly-average basis, revenue increased about 69%, while profit before tax declined about 57%, calculations by Finance Magnates show. The reported annual pre-tax result was £164,833, down from £510,688.
Other UK broker subsidiaries also recorded revenue growth alongside lower profit. Hirose Financial UK increased turnover 18% in the year to March as pre-tax profit decreased 19%.
Fortrade's 2025 revenue rose 23% to £26.1 million, while net profit fell 21%. Eightcap's UK unit had the sharpest divergence between revenue growth and profit performance among the three.
Sales costs narrow gross margin
Cost of sales reached £2.47 million, compared with £718,324 in the longer previous period. Gross margin consequently contracted to 45.1% from 79.8%, a reduction of 34.7 percentage points. Administrative expenses moved the other way, falling to £1.86 million from £2.33 million.
Net profit was £78,374, against £638,355 previously. The earlier result included a £127,667 tax credit for losses carried forward; this year, writing down part of the deferred tax asset cost £86,459. Directors said the business remained focused on expansion, innovation and increasing long-term shareholder value.
Client balances and leadership changed
Amounts due back to clients under title transfer collateral arrangements dropped to £1.90 million from £5.68 million. FCA rules permit those arrangements only for professional clients.
Balances owed by other group companies, which correspond to those client-related assets, fell to £3.93 million from £7.51 million. The UK unit held £765,571 in cash, up from £365,320.
The accounts rely on a going-concern basis with support from parent Eightcap Group Pty Ltd, which committed to back the unit for at least 12 months. Ollie Rosewell became chief executive of the UK entity in October 2025 and left after about eight months; Bryn Newell became group CEO during that period. Rosewell resigned as a director on 22 May, with £75,220 recorded as compensation for loss of office. Will Hardy, formerly head of retail sales at IG, joined the board on 17 July. He signed the accounts on 21 October; BKL Audit LLP issued an unqualified audit opinion. Average staffing was 12 people, including two directors.
What this means on the desk
For operations and finance teams, the accounts put the focus on revenue attribution and intercompany settlement. How is the £1.14 million transfer-pricing top-up calculated, and how is it reconciled with trading revenue by client location? The shift in the year-end also makes like-for-like monitoring important: the reported period spans a different length from the previous one.
The fall in client-related balances, the corresponding group-company receivables and the cash increase are separate movements to check against internal ledgers. Teams handling client classification should also confirm that title transfer collateral arrangements remain limited to professional clients. The accounts disclose reliance on parent support, but do not detail the operational arrangements behind it; that is a point to clarify with the parent and the UK entity.
