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FDCTech Returns to Profitability in Q3 2025 as It Deepens the Alchemy Brokerage Franchise
Fintech acquisition and infrastructure firm FDCTech, Inc. (PINK: FDCT) has reported a strong return to profitability in Q3 2025 and continued momentum into Q4, underpinned by its Alchemy-branded brokerage businesses and a strategic offshore acquisition.
FDCTech is the parent company of two brokerages listed on LiquidityFinder – Alchemy Prime, its institutional B2B business, and Alchemy Markets Limited, its European and UK-focused retail brokerage. Together with newly acquired Seychelles securities dealer Alchemy International Ltd. (AIL), these entities form an increasingly integrated global trading and liquidity offering for brokers, high-frequency traders and wealth clients.
For the three months ended 30 September 2025, FDCTech generated $5.90 million in revenue and delivered net income of $755,408, marking a decisive swing back into profit versus the prior year. For the nine-month period, revenue reached $17.32 million with net income of $436,159, reflecting the benefits of operating leverage across brokerage, wealth management and technology.
Q3 2025: Return to Profitability and Strengthened Balance Sheet
FDCTech’s Q3 performance highlights the scalability of its model as it integrates and optimises a portfolio of regulated financial services businesses:
- Total revenue Q3 2025: $5.90 million.
- Total revenue (nine months to 30 September 2025): $17.32 million.
- Net income Q3 2025: $755,408, versus a net loss of $649,565 in Q3 2024 – an improvement of $1,404,973.
- Net income (nine months): $436,159, compared to a net loss of $861,395 in the prior-year period – an improvement of $1,297,554.
Balance sheet metrics as at 30 September 2025:
- Cash: $24.78 million (versus $24.78 million at year-end 2024).
- Working capital: $9.43 million (up from $9.10 million at year-end 2024).
- Net assets: $16.39 million (up from $14.43 million at year-end 2024).
FDCTech describes these results as evidence of strong operating leverage and a scalable integrated platform as it continues to blend traditional financial services businesses with proprietary trading technology.
Alchemy Prime and Alchemy Markets Limited: Brokerage Engine Driving Growth
The investment and brokerage segment – which includes Alchemy Prime and Alchemy Markets Limited – remains the core revenue engine for the group.
- Investment & Brokerage revenue (nine months): $8.94 million.
- Gross margin: 61.31%, reflecting improved operational efficiency in Alchemy Prime and Alchemy Markets Limited operations across European and UK markets.
Over the period, Alchemy Markets Limited integrated approximately 2,631 clients from Next Markets (with €5.6 million in client equity) and a further 35 clients from a Cypriot broker (with $800,000 in client equity). These transfers have helped the retail business establish deeper footholds in the German and French markets while broadening its continental European client base.
On the regulatory side, Alchemy Markets Limited secured authorisation from the Malta Financial Services Authority (MFSA) under Article 6 of the Investment Services Act, enabling it to offer equities and money market securities. This significantly expands its income-generating potential beyond CFDs and FX into a wider multi-asset investment proposition.
Wealth Management and Technology: Diversified Earnings Streams
FDCTech continues to complement its brokerage revenues with recurring wealth management income and fast-growing technology licensing.
Wealth Management
- Revenue (nine months): $4.98 million.
- Advisory network: around 28 financial advisors.
- Assets under advice: more than $530 million in funds under advice.
The wealth management franchise, centred on AD Advisory Services, provides a stable fee-based income stream and a natural distribution channel for multi-asset solutions and portfolio management services.
Technology & Software Development
- Revenue (nine months): $3.40 million, up 213% from $1.09 million in the prior-year period.
Growth is driven by increased licensing of FDCTech’s proprietary Condor Trading platform and custom development projects for brokerages and trading firms. The Company is also progressing the Condor Investing & Trading App, with commercialisation targeted for Q4 2025, which could further deepen its technology-led distribution and white-label offering.
Strategic Acquisition of Alchemy International Ltd. (AIL)
Post-quarter, FDCTech completed a significant strategic acquisition that further consolidates the Alchemy brand across jurisdictions.
On 29 October 2025, the Company finalised the acquisition of Alchemy International Ltd. (AIL), a Seychelles-licensed securities dealer operating under Licence SD136 and regulated by the Seychelles Financial Services Authority.
AIL extends the Group’s regulatory footprint and enhances its capacity to service offshore brokerages, high-frequency traders and institutional clients seeking multi-jurisdictional access and flexible structuring options.
- 2024 audited results: $3.74 million revenue, $0.48 million net profit, $2.16 million net assets.
- 2025 YTD (to 30 September, unaudited): $7.56 million revenue, $3.91 million net profit, $6.07 million net assets.
On these numbers, the transaction is clearly earnings-accretive and positions the Alchemy ecosystem – Alchemy Prime, Alchemy Markets Limited and Alchemy International Ltd. – as a more complete global brokerage and liquidity solution for both onshore and offshore client bases.
New Payments Capability via Xoala Asia’s Mauritius PIS Licence
FDCTech is also investing in the payments and financial infrastructure layer underpinning its trading businesses.
On 6 November 2025, Xoala Asia was granted a Payment Intermediary Services (PIS) licence by the Financial Services Commission of Mauritius (Licence GB25204956). This authorisation enables Xoala Asia to operate as a payment intermediary, supporting expansion of the Company’s payment processing capabilities in Mauritius and potentially other markets that recognise Mauritian regulatory permissions.
For clients of Alchemy Prime, Alchemy Markets Limited and Alchemy International Ltd., the development promises tighter integration between trading infrastructure, cash management and cross-border payments, improving the overall funding and withdrawal experience.
What It Means for Brokers and Trading Firms
For introducing brokers, retail brokerages, prop trading firms and institutional counterparties, FDCTech’s latest results and corporate actions signal:
- Improved financial resilience: a return to profitability in Q3 2025 and a stronger net asset position.
- Deeper Alchemy franchise: a coordinated institutional (Alchemy Prime), retail (Alchemy Markets Limited) and offshore (Alchemy International Ltd.) structure.
- Broader product set: expanded MFSA permissions at Alchemy Markets Limited for equities and money market instruments.
- Enhanced technology stack: continued growth in Condor platform licensing and the planned launch of the Condor Investing & Trading App.
- Integrated payments: Xoala Asia’s new PIS licence in Mauritius lays groundwork for more efficient client funding and settlement flows.
About Alchemy Prime
Alchemy Prime is FDCTech’s institutional B2B brokerage business, providing liquidity, prime-of-prime services and execution solutions to brokerages, proprietary trading firms and professional trading entities across FX, CFDs and multi-asset products.
About Alchemy Markets Limited
Alchemy Markets Limited is FDCTech’s European and UK-facing retail brokerage, offering clients access to FX, CFDs and, following its MFSA Article 6 authorisation, a wider range of equities and money market securities. The firm serves a growing base of clients across Germany, France and other European markets.
About Alchemy International Ltd. (AIL)
Alchemy International Ltd. is a Seychelles-licensed securities dealer (Licence SD136) regulated by the Financial Services Authority. AIL supports offshore brokerages, high-frequency traders and institutional clients seeking flexible trading and liquidity solutions in an international jurisdiction.
About FDCTech, Inc.
FDCTech, Inc. is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Its clients include regulated and OTC brokerages, and proprietary and algorithmic trading firms of all sizes, across forex, stocks, commodities, indices, ETFs, precious metals and other asset classes. FDCTech’s growth strategy focuses on acquiring and integrating small to mid-size legacy financial services companies, leveraging its proprietary trading technology and liquidity solutions to deliver enhanced value to clients.
