iSAM Securities (UK) Limited has reported a decline in
profitability for the financial year ended 30 June 2025. Profit before taxation stood at £4.5 million. In the
previous year, the company reported £12.8 million. This represents a fall of
65% year on year.
The decline was linked to lower revenue and higher operating
costs. The company remained profitable due to non-operating income.
Revenue Drops, Expenses Climb at iSAM
Turnover for the year was £19.56 million. In 2024, turnover
was £27.04 million. This marks a decrease of £7.48 million, or 27.7%. The
reduction reflects weaker core trading activity.
Administrative expenses increased during the same period.
Costs rose from £28.31 million in 2024 to £31.74 million in 2025. The increase
of 12.1%, combined with lower turnover, further reduced margins.
Other Income Offsets Larger Core Losses
The company recorded an operating loss of £12.18 million for
2025. In 2024, the operating loss was £1.27 million. This indicates that core
operations generated a larger loss compared to the prior year.
Other income rose significantly. It increased from £6.39
million in 2024 to £12.66 million in 2025. Interest received declined during
the year. It fell from £7.69 million to £4.02 million, a decrease of 47.7%.
The combined effect of higher other income and interest
received offset the operating loss. As a result, the company reported a profit
on ordinary activities before taxation of £4.50 million. The tax charge for the year was £1.18 million, lower than in
the previous year. Profit after taxation totalled £3.32 million. In 2024, the
company reported £9.63 million.
Previous Year Performance for Context
For comparison, in the financial year ending 30 June 2024,
iSAM Securities (UK) reported turnover
of £27.04 million, down from £31.62 million in 2023. Administrative
expenses fell slightly to £28.31 million.
The company recorded an operating loss of £1.27 million,
which was partly offset by higher other income of £6.39 million and interest
income of £7.69 million. Pre-tax profit reached £12.81 million, with post-tax
profit at £9.63 million. The board confirmed that resources remained adequate
to support ongoing operations.
This article was written by Tareq Sikder at www.financemagnates.com.
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