Britannia Global Investments swung to a £657,002 profit in 2025 from a £1.14 million loss the year before, as the FCA-regulated institutional broker pushed deeper into securities financing and saw client custody assets jump to £7.43 billion from £1.23 billion. Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)From £1m Loss to £657k ProfitTurnover at the London firm reached £9.85 million for the year ended December 31, more than 23 times the £427,330 reported in 2024, according to annual financial statements filed with Companies House this week.The wholly-owned subsidiary of Britannia Financial Group Limited posted pre-tax profit of £906,979, compared with a pre-tax loss of £1.52 million the year before. The turnaround came as BGI, which provides custody, execution-only brokerage and securities financing to professional and institutional customers globally, ran a transitioned business under a refreshed board that included the September appointment of director Simon Foster. The shift extends a trajectory flagged in coverage of BGI's 2024 results, when custody assets tripled but the company still booked a loss.Key Performance IndicatorsSource: Britannia Global Investments Limited annual report and financial statements for the year ended 31 December 2025, filed with Companies House on 14 April 2026.Securities Financing Becomes Largest Revenue LineThe most striking change in BGI's income profile came from securities financing, an activity that contributed nothing to the books in 2024. Interest income, which the firm now reports together with securities financing revenue, generated £7.39 million in 2025, accounting for roughly three-quarters of total turnover. Commissions rose to £1.81 million from £202,277, while custody fees climbed to £658,445 from £225,053.The balance sheet now reflects the scale of that activity. Securities financing receivables stood at £164.74 million at year-end, against obligations of £131.81 million, leaving a net position of £32.93 million. None of those line items existed a year earlier.London Faces Crowded Field for Institutional Custody and Prime ServicesBGI's move into securities financing places it alongside a growing number of London firms competing for hedge fund, family office and asset manager flow. In June 2023, StoneX Financial launched a CASS-compliant multi-asset custody solution under its StoneX Institutional Prime brand, bundling repo financing and securities lending. IG Group has expanded its IG Prime business over the same period, while Marex Group and Sucden Financial continue to invest in prime services and outsourced trading for institutional clients.The non-bank prime segment has also drawn larger corporate activity. Ripple's $1.25 billion acquisition of Hidden Road and the subsequent rebrand to Ripple Prime in 2025 combined clearing, financing and prime brokerage across FX, digital assets and fixed income under one banner, illustrating how custody and financing are increasingly bundled with execution at the institutional end of the market.BGI's positioning differs from those operations. The company focuses on cash equities, fixed income, equity swaps, funds and securities financing rather than CFD-led or crypto-native services, and serves clients globally except in the United States and other restricted jurisdictions. Its sister firm, Britannia Global Markets, runs the group's CFD and FX prime brokerage business, which has previously expanded into FX, index and commodity CFDs under the Britannia Prime brand. 2026 OutlookThe wider Britannia Financial Group has been building out its FCA-regulated footprint over the past year. Britannia Global Markets gained LME Category 4 membership in late 2025, expanding the group's metals trading capability, and previously drew on senior hires from TP ICAP, LSEG and Morgan Stanley including Martin Ryan as COO of that entity.The directors said commission revenue is expected to rise further in 2026, attributing the projection to higher custody assets and trading volumes. BGI carries a deferred tax asset of £2.75 million against expected future profits, and recorded a tax charge of £249,977 for the year following the move into taxable income. This article was written by Damian Chmiel at www.financemagnates.com.

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