Trading Software Maker smartTrade's UK Arm Lifts Profit 22% on Flat Revenue

What happened

smartTrade Technologies' UK subsidiary reported net profit rose 22% to £3.39 million in the year to March 31, 2026, while revenue slipped 0.9% to £19.55 million. The London software unit filed its full-year accounts with Companies House on Monday.

Confirmed

Global impact / market context

Higher profit on slightly lower revenue shows the UK unit kept more of each sale as cost of sales and administrative expenses fell, which means the business became more efficient and could send more cash to its French parent.

Analyst inference

The accounts are the first to include smartTrade's kACE purchase from BGC Group, with a £5.21 million investment booked in Kace Financial Limited, so investors can see how the deal sits alongside rising dividends and recovering profit.

Analyst inference

What to watch

1. Dividends rose 46% to £2.73 million, and the director recommended a further £3.3 million payout, which means cash is being returned to the French parent rather than retained. Confirmed
2. Watch whether the recommended £3.3 million dividend is paid, since that would reduce cash available to the UK unit for hiring, product development, or integrating the kACE purchase. Proposed
3. Monitor whether revenue stays flat or returns to growth, because profit gains came from lower costs, and further cost cuts may be harder to repeat. Analyst inference

Evidence

• financemagnates.com