- Trading Point UK achieved a 40% revenue increase in 2023, reaching £1.4 million, but still reported a net loss of £844,000.
Trading Point UK, the FCA-regulated entity behind brands like XM and Trading.com, has released its operational results for 2023. While the company experienced a significant revenue increase of 40%, reaching £1.4 million, rising operational costs have prevented it from achieving profitability.
The net loss was reduced to £844,000, an improvement from the £1.09 million loss recorded in 2022. The report, published in the UK Companies House, highlights that expenses surged to nearly £2.3 million, contributing to the ongoing challenges in reaching a break-even point.
However, Trading Point UK noted a positive shift in its net asset position, which climbed to £2 million due to a share capital increase earlier this year.
