Admiral Markets AS
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Admiral Markets AS
What kind of company is it?
Admiral Markets AS (registry code 10932555) is a public limited company (AS). The company was entered in the Commercial Register in 2003 and has been registered for 23 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is security and commodity contracts brokerage (EMTAK 66121). The company is registered for VAT (VAT number EE100823530).
How is the company doing financially?
Revenue in financial year 2025 was −1 007 000 €, down 107% on the previous year (13 464 961 €). Financial year 2025 ended with a loss of 17 200 000 €. The company was profitable in 5 of the 6 published financial years. In financial year 2025 the company had 58 employees (62 a year earlier). At the end of financial year 2025, total assets were 60 988 000 € and equity 53 041 000 € (87,0% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 1 221 508 €, down 43,4% on the same quarter a year earlier. The company had 30 employees in that quarter. Labour taxes paid in the quarter: 272 397 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 5370 € per month.
Who runs the company and who owns it?
The company has one management board member. The supervisory board has 4 members. The sole owner of the company is ADMIRALS GROUP AS.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 25.05.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 221 508 € | 30 | 272 397 € |
| Q2 2026 | 1 192 809 € | 32 | 332 611 € |
| Q1 2026 | 1 323 406 € | 37 | 398 843 € |
| Q4 2025 | 2 251 304 € | 46 | 410 367 € |
| Q3 2025 | 2 158 723 € | 53 | 428 538 € |
| Q2 2025 | 1 983 926 € | 55 | 419 093 € |
| Q1 2025 | 1 408 675 € | 53 | 420 676 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2021 † | 2022 † | 2023 † | 2024 † | 2025 † | |
|---|---|---|---|---|---|
| Sales revenue | 20 530 614 | 44 262 801 | 9 128 063 | 13 464 961 | −1 007 000 |
| Net profit | 920 000 | 24 835 000 | — | 355 000 | −17 200 000 |
| Retained earnings | 52 090 000 | 53 011 000 | — | 67 041 000 | 67 396 000 |
| Total assets | 63 075 561 | 90 030 532 | 74 935 289 | 74 689 693 | 60 988 000 |
| Total liabilities | — | — | — | — | — |
| Total equity | 55 855 000 | 80 691 000 | — | 70 241 000 | 53 041 000 |
| Employees | 300 | 92 | 76 | 62 | 58 |
| Average gross salary (monthly) | 2751 | 3268 | — | 4037 | 4112 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.
Risks and obligationsAll clear1 for information
Data from public registers, not a credit rating.
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State aid and grants
7 recordsState aid and de minimis aid in total 47 631 € (2012–2023). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (40 297 €), Eesti Töötukassa (6973 €), Tallinna Strateegiakeskus (361 €).
Show all aid records (7)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 11 365 € | 28.04.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 10 230 € | 04.11.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 7231 € | 26.03.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 1050 € | 04.03.2020 |
| Eesti Töötukassa | Palgatoetus VTA | 6973 € | 08.01.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 10 421 € | 07.12.2016 |
| Tallinna Strateegiakeskus | Muu | 361 € | 03.07.2012 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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