ZFX UK Slips Into Loss Despite Higher Revenue and Surge in Trading Activity

Zeal Capital Market (UK) Limited, the FCA-regulated operator of the ZFX brokerage brand, reported stronger trading activity for the fiscal year ending 30 June 2025 but nonetheless closed the period with a loss.

According to the company's latest filing, trading volume climbed 43.5% year-on-year to $28.8 billion, up from $20 billion. Revenue also increased 4.8% to £841,284, signalling continued interest from professional clients.

However, the firm reported a net loss of £80,526, reversing the £213,344 profit it posted in 2024. The company attributed the downturn mainly to currency movements, noting that the result was "primarily driven by adverse GBP/USD exchange rate movements, which affected capital and reserves held predominantly in USD," alongside higher trade execution and operational costs.

ZFX UK ended the period with net assets of £2.42 million, slightly lower than the previous year's £2.5 million. Cash balances rose significantly to £1.45 million from £369,109.

A previously reported filing for the year ending June 2024 showed sharply reduced revenue of £802,437—an 81% fall from the prior year—yet a net profit of £213,344, supported largely by lower administrative expenses, which dropped to £514,307 from £681,321.

The company noted that its diversified liquidity arrangements and prime brokerage relationships position it competitively as a matched-principal broker serving professional clients exclusively.