Tavira Financial Reports Revenue Growth Despite Losses

FNG reported that Tavira Financial achieved a 13% rise in revenue during FY 2025, highlighting that Tavira Financial Reports Revenue Growth despite continuing to post losses. The firm disclosed that revenue increased to £36.0 million, compared with £31.7 million in 2024. Although Tavira reduced administrative expenses, it recorded a net loss of £1.6 million, which widened from the previous year’s £1.1 million loss.

Moreover, the year marked significant shifts within the firm’s leadership and strategic direction, as longtime CEO and controlling shareholder Eliot Goodfellow stepped away from both the board and daily operations. Tavira appointed Mark Griffiths, formerly of Bank of New York, Citi, and Credit Suisse, as its new chief executive, stating that this transition would strengthen long-term stability. Additionally, Tavira decided to halt its plans to launch a retail CFDs business in Dubai. 

Tavira Financial Reports Revenue Growth Despite Losses

The firm originally hired industry specialist Andrew Gibson in 2022 to spearhead the initiative, yet he later joined offshore broker SGT Markets. Furthermore, Tavira emphasized that despite abandoning certain non-core ventures, the firm continued to strengthen its foundational operations. Established in 2005 with a focus on derivatives trading, the firm gradually expanded into broader financial services and now serves asset managers, hedge funds, government bodies, corporates, family offices, and high-net-worth clients across multiple regions, including offices in London, Monaco, Sydney, and Dubai. 

The firm reported that FY 2025 brought notable growth across its core business lines, reflected in a 13% increase in gross revenue and a 6% rise in average headcount. Tavira attributed the improvement to strong performances in Agency Brokerage, which saw equities surge by 150% and metals by 71%, alongside Corporate Brokerage growth of 43% and Asset Management growth of 127%. However, restructuring costs tied to the closure of CFDs and Custody services resulted in a 23% reduction in net assets. Despite this, the firm noted that Agency Brokerage remained a vital revenue source, while Corporate Broking continued to expand alongside client success. 

Tavira’s Australia branch delivered remarkable progress, reporting a 155% revenue increase and a 1375% boost in profitability. Conversely, the Dubai branch experienced weaker performance due to the wind-down of Custody and CFD operations. Even so, management stated that the downturn remains limited to the current reporting period, adding that the arrival of Griffiths positions the firm for future growth, saying that the outlook appears “positive and exciting.”

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