Notesco UK Limited posted a double‑digitimprovement in 2025 as revenue rose 51% year‑on‑year and profit after taxincreased 37%, supported by higher fees from group entities despite a sharpjump in legal and professional expenses.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).Revenue for the year ended 31 December 2025 climbed to 2.19million dollars from 1.44 million dollars in 2024, while profit after taxadvanced to 171,000 dollars from 125,000 dollars. Operating profit grew 37% to224,914 dollars, up from 163,119 dollars a year earlier.Revenue Growth Driven by Group FlowsNotesco UK Limited is a London‑based, FCA‑authorisedinvestment firm that operates the IronFX brokerage brand in the United Kingdomand provides financial management and matched‑principal brokerage serviceswithin the wider IronFX/Notesco group. The brokerage generates its income mainly from service‑levelagreements with its wider group. Management fee revenue from Cyprus‑basedaffiliate Notesco Financial Services Ltd rose to 2,048,814 dollars in 2025 from1,331,768 dollars in 2024, an increase of about 53%.Total revenue increased 743,748 dollars to 2,185,059dollars, compared with 1,441,311 dollars a year earlier.Administrative expenses also moved higher, up 53% to1,960,145 dollars from 1,278,192 dollars. Legal and professional fees more thandoubled, rising 127% to 1,363,071 dollars from 598,638 dollars, and remainedthe largest cost component. The tax charge increased 39% to 53,919 dollars from38,594 dollars, in line with the higher profit base and the 25% UK rate.Balance Sheet and Cash MovementsNet assets grew 5.5% to 3,277,115 dollars at year‑end2025 from 3,106,120 dollars a year earlier, reflecting retained earnings as nodividends were paid.More financial reports: Tradeweb Q1 Net Income Climbs 39% to $233 Million as ADV Hits Record $3.3 TrillionTrade and other receivables increased 22% to 2,259,179dollars from 1,845,807 dollars, driven mainly by intra‑groupbalances; amounts due from related parties reached 2,167,549 dollars. Cash andcash equivalents fell 4% to 1,695,861 dollars from 1,768,308 dollars despitethe stronger profit.Trade and other payables rose 31% to 632,293 dollars from479,688 dollars, as accruals increased to 461,748 dollars from 170,098 dollars.The company reported no external borrowings and carried a deferred tax asset of7,288 dollars, down slightly from 8,287 dollars.Net cash outflow from operating activities narrowed sharplyto 72,447 dollars in 2025 from 1,001,392 dollars in 2024, as working‑capitalmovements were less negative than in the prior year. It sits alongside Cyprus‑registered Notesco FinancialServices Ltd and offshore entities such as Notesco (BVI) Limited and NotescoInt Limited, acting as the UK hub that services clients under the IronFX namethrough the ironfx.co.uk domain and intra‑group service agreements.Recently, IronFX laid off about 150 employees, or roughly 10% of its 1,500-strong workforce, in a move that sources say is driven by “efficiency” amid the rapid adoption of AI across the industry. This article was written by Jared Kirui at www.financemagnates.com.