INFINOX Admirals acquisition talks have reached an advanced stage, according to Finance Magnates, while an INFINOX representative said talks on a possible deal are still ongoing.
The representative said no deal has been completed. However, the person added that any transaction would still need definitive agreements, standard closing conditions, and all required regulatory approvals. Finance Magnates said it contacted Admirals, but had not received a reply by press time.
It is still unclear how much of Admirals’ business could be included in any sale. If completed, the deal would mark the second major acquisition by INFINOX after its purchase of Skilling last year.
INFINOX Admirals Acquisition and Divestment
Admirals had eight licensed entities worldwide at the time of its 2025 annual report. Those entities were in Estonia, the United Kingdom, Cyprus, Jordan, Kenya, and Seychelles. Meanwhile, the group kept its headquarters in Estonia.
The report also showed Admirals had stopped onboarding clients under its Jordan and Kenya licences. Finance Magnates said the broker’s owners have been cutting back their global footprint and shutting operations in some markets.
Earlier, Finance Magnates reported that PU Prime bought Admirals’ Australian business at the end of 2024. In addition, Admirals sold its businesses in South Africa, Indonesia, and Ireland to a non-related party. The group also closed its licensed unit in Canada and gave up its UAE licence.
Admirals 2025 Results Weakened
At the end of 2025, Alexander Tsikhilov remained Admirals’ majority shareholder. He held more than 27.37 per cent directly and another 49 per cent through DVF Group. Dmitri Lauš held 17.6 per cent through Laush.
Admirals’ net trading income dropped 55 per cent year on year to EUR 17.4 million in 2025 from EUR 38.4 million in 2024. Active yearly clients fell 32 per cent. Total trade value also declined 47 per cent to EUR 271 billion, while executed trades fell 34 per cent to 23 million.
Indices CFDs made up 46 per cent of gross trading income, up 1 percentage point from a year earlier. Commodity CFDs followed at 27 per cent, up 2 points. Forex accounted for 23 per cent, down 2 points, while other products, including stocks and ETFs, made up the remaining 4 per cent.
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