INFINOX in "advanced talks" to acquire Admirals
One of its representatives also officially confirmed that "discussions regarding a potential acquisition of Admirals are ongoing." However it is still unclear wether this would a partial or complete acquisition.
"No transaction has been finalised and, as with any transaction of this nature, completion would remain subject to the execution of definitive agreements, customary closing conditions and all necessary regulatory approvals," the INFINOX representative continued.
What else do we know?
Admirals is divesting its business.
As of the end of 2025 the group had eight licensed entities globally in Estonia (group HQ), the United Kingdom, Cyprus, Jordan, Kenya, and Seychelles. However it is no longer onboarding clients under its Jordan and Kenya licenses.
Additionally, PUPrime acquired Admirals’ Australian Business in late 2024, and the broker group also sold its business in Sout Africa, Indonesia and Ireland.
It also closed down its licensed unit in Canada and surrendered their UAE license.
Who is behind Admirals?
The majority stakeholder remains Alexander Tsikhilov, who holds around 77% of the group by the end of 2025. Dmitri Lauš controlled 17.6 per cent via Laush.
Numbers going down
2025 proved a rough year fot the group, its net trading income fell 55% year-on-year to EUR 17.4 million in 2025, down from EUR 38.4 million in 2024.
Not only this, but its active yearly clients dropped 32%, while the total value of trades slid 47%. Lastly trade volumes also went down, falling 34% to 23 million executed trades over the last year.
What does it all mean?
For INFINOX, if completed, this would represent their second major acquisition, following its purchase of Nordic-focused Skilling last year.
For Retail CFD traders with existing Admirals accounts—particularly those in the UK, EU, and MENA regions—should monitor developments for any potential operational changes or client transition terms.