INFINOX is in advanced talks to acquire Admirals Finance poles I’ve learned. One of its representatives also officially confirmed that “discussions regarding the potential acquisition of Admirals are ongoing.”
However, it remains unclear how much of the Admirals’ business is at risk in the acquisition.
“No transaction has been completed, and as with any such transaction, completion will remain subject to execution of the definitive agreements, customary closing conditions and all necessary regulatory approvals,” the INFINOX representative continued.
Alexander Tsekilov, Source: LinkedIn
Finance poles It also reached out to the admiral, but had not received any response at the time of publication.
Admirals’ businesses are spread around the world
According to Admirals’ 2025 annual report, the group had eight licensed entities globally. These exist in Estonia, the United Kingdom, Cyprus, Jordan, Kenya and Seychelles. The group’s headquarters remains in Estonia.
However, that is no longer the case Qualifying clients under its licenses in Jordan and Kenya.
Interestingly, the owners of Admirals are liquidating their global presence and are also closing operations in some markets.
Finance poles I mentioned that earlier PU Prime has acquired the Australian Admirals business At the end of 2024. The brokerage group also sold its businesses in South Africa, Indonesia and Ireland to an “unrelated party”, while it closed its licensed unit in Canada and handed over its license in the United Arab Emirates.
It also operates a few other entities globally.
The sale to INFINOX may be part of this broader divestment campaign.
Admirals Group Companies (Source: Admirals Annual Report 2025)
Will Alexander Tsekilov exit the world of CFDs?
At the end of 2025, Alexander Tsekilov remained the majority shareholder of Admirals. He owned over 27.37 per cent of the group directly and another 49 per cent through DVF Group. Dmitry Lausch also owns 17.6 percent of the group through Lausch.
The group’s net trading income fell by 55 percent year-on-year to €17.4 million in 2025, down from €38.4 million in 2024. Year-on-year active clients fell by 32 percent, while total transaction value fell by 47 percent to €271 billion. Trade volumes also declined, falling by 34% to 23 million trades executed during the year.
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Admirals swing to €16m loss as 2024 EU qualification pause kicks in
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Admirals cuts operating expenses by 20% but announces a loss of €5.9 million in the first half of 2025.
CFDs on indices led the product mix, accounting for 46 percent of total trading income, up 1 percentage point year-on-year, followed by CFDs on commodities at 27 percent, up 2 points. The foreign exchange rate fell two points to 23 percent, largely due to relative growth in commodities and indices. The remaining 4 percent came from other products, including stocks and ETFs.
If this transaction is completed, this will be the second major acquisition by INFINOX. Company He bought Nordic-focused Skilling last year.
INFINOX is in advanced talks to acquire Admirals Finance poles I’ve learned. One of its representatives also officially confirmed that “discussions regarding the potential acquisition of Admirals are ongoing.”
However, it remains unclear how much of the Admirals’ business is at risk in the acquisition.
“No transaction has been completed, and as with any such transaction, completion will remain subject to execution of the definitive agreements, customary closing conditions and all necessary regulatory approvals,” the INFINOX representative continued.
Alexander Tsekilov, Source: LinkedIn
Finance poles It also reached out to the admiral, but had not received any response at the time of publication.
Admirals’ businesses are spread around the world
According to Admirals’ 2025 annual report, the group had eight licensed entities globally. These exist in Estonia, the United Kingdom, Cyprus, Jordan, Kenya and Seychelles. The group’s headquarters remains in Estonia.
However, that is no longer the case Qualifying clients under its licenses in Jordan and Kenya.
Interestingly, the owners of Admirals are liquidating their global presence and are also closing operations in some markets.
Finance poles I mentioned that earlier PU Prime has acquired the Australian Admirals business At the end of 2024. The brokerage group also sold its businesses in South Africa, Indonesia and Ireland to an “unrelated party”, while it closed its licensed unit in Canada and handed over its license in the United Arab Emirates.
It also operates a few other entities globally.
The sale to INFINOX may be part of this broader divestment campaign.
Admirals Group Companies (Source: Admirals Annual Report 2025)
Will Alexander Tsekilov exit the world of CFDs?
At the end of 2025, Alexander Tsekilov remained the majority shareholder of Admirals. He owned over 27.37 per cent of the group directly and another 49 per cent through DVF Group. Dmitry Lausch also owns 17.6 percent of the group through Lausch.
The group’s net trading income fell by 55 percent year-on-year to €17.4 million in 2025, down from €38.4 million in 2024. Year-on-year active clients fell by 32 percent, while total transaction value fell by 47 percent to €271 billion. Trade volumes also declined, falling by 34% to 23 million trades executed during the year.
-
Admirals swing to €16m loss as 2024 EU qualification pause kicks in
-
Admirals cuts operating expenses by 20% but announces a loss of €5.9 million in the first half of 2025.
CFDs on indices led the product mix, accounting for 46 percent of total trading income, up 1 percentage point year-on-year, followed by CFDs on commodities at 27 percent, up 2 points. The foreign exchange rate fell two points to 23 percent, largely due to relative growth in commodities and indices. The remaining 4 percent came from other products, including stocks and ETFs.
If this transaction is completed, this will be the second major acquisition by INFINOX. Company He bought Nordic-focused Skilling last year.
