UK-based Spreadex, which offers both sports and financial spread betting, closed the financial year ending 31 May 2025 with largely flat results. Revenue increased slightly to £104.6 million from about £103.3 million, while pre-tax profit rose to £43.2 million from £42.2 million in the previous financial year.However, net profit after tax fell to £31.6 million in the last financial year, compared with £32.4 million in the previous year.The Unique Advantage in the Spread Betting Space“Spreadex remains the only company that offers both sports and financial spread betting services,” the company noted in its latest Companies House filing. “The diversity offered by this dual revenue stream continues to be invaluable to the business.”The company generated its entire turnover within the United Kingdom.“The investments made in FY22 to FY24 in the foundations required for long-term growth have again driven year-on-year increases in both revenue and profit before tax, while the underlying fundamentals of the business remain strong,” the filing added.The company also intends to continue investing heavily in marketing through branding and sponsorship. It stressed that it focuses on Championship football and currently sponsors more than a dozen football teams in the UK across several divisions.Interestingly, the company paid about £25.6 million in dividends last year, which was 61 per cent higher than the previous one.[#highlighted-links#] Are UK Traders Losing Their Appeal?Established in 1999, Spreadex also offers contracts for difference (CFD) trading alongside spread betting instruments. However, these offerings appear to be small compared with its spread betting products.Spread betting instruments are very popular in the United Kingdom, as gains from them, whether in sports or finance, are not taxed. This tax advantage leads many traders in the UK to prefer spread betting over other derivative contracts.According to Investment Trends data, the number of leveraged traders in the UK who trade spread bets, as well as margin FX and CFDs, declined to around 167,000, down from about 275,000 four years ago.Although UK-based leveraged traders were (and may still be) very profitable for brokers, some fragmented industry data suggest that traders from other global markets, such as Singapore and the UAE, are attracting brokers’ attention and investment. This article was written by Arnab Shome at www.financemagnates.com.

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