The UK unit of LondonCapital Group, which operates as an introducing broker, reported lower revenueand a return to losses for the year ended 31 December 2025.SingaporeSummit: Meet the largest APAC brokers you know (and those you still don't!).Revenue for the yearstood at £1.69 million, down from £2.07 million in 2024. The company reportedno cost of sales in 2025, compared with £16,132 in the prior year. Gross profittherefore matched revenue at £1.69 million, down from £2.09 million a year earlier.Costs Rise, LCG Swings to LossOperating costsincreased over the period. Administrative expenses rose to £1.77 million from£1.61 million in 2024. The higher cost base, combined with lower revenue,pushed the company back into operating loss. The operating result was a loss of£78,142, compared with an operating profit of £482,105 in the previous year.Below the operatingline, finance income increased to £10,224 from £4,191. Finance costs declinedto £592 from £8,588. This resulted in net finance income of £9,632, comparedwith a net finance cost of £4,397 in 2024.After finance items,the company recorded a pre-tax loss of £68,510. This compares with a pre-taxprofit of £477,708 in 2024. The net result for the year was also a loss of£68,510, reversing the prior year’s profitability.LCG Separated from HoldingsLCG was previously part of London CapitalGroup Holdings, the former listed parent company that delisted and laterentered liquidation following financial difficulties after 2018. In 2018, thebrokerage business was acquired by former CEO Charles-Henri Sabet,separating it from the holding structure and re-establishing it as a standaloneoperation. It was later linked to Sabet’s Switzerland-based FlowBank group,formed in 2020. FlowBank was declared bankrupt by Swiss regulator FINMA in 2024following findings related to capital, governance, and risk managementrequirements.This article was written by Tareq Sikder at www.financemagnates.com.