Digital banking platform Revolut has delivered record financial results for 2025, reporting a pre-tax profit of £1.7 billion alongside revenues of £4.5 billion, even as it acknowledged potential backlash over its ties to energy-intensive industries including cryptocurrency and AI. The company’s annual report contains an unusually candid admission that public attitudes toward the carbon footprint of these sectors could harm its reputation and affect customer demand. The disclosure underscores growing corporate awareness of environmental concerns in the technology and finance sectors.
Revolut was established a decade ago by Nik Storonsky and has since grown into one of the most prominent financial technology companies in the world. The firm recently received its UK banking licence following a five-year wait, marking a pivotal milestone in its transformation from a payments app to a regulated bank. It now holds banking licences in more than 30 of its 40 operational markets and has applied for a licence in the United States.
Financially, 2025 proved to be a standout year for the company. Revenue climbed 46% to £4.5 billion, while the customer base expanded by 16 million to reach a global total of 68.3 million. Business accounts grew by approximately one-third to 767,000, and the company now counts 13 million UK-based customers among its users, with one in five working-age adults in Europe reportedly using the platform.
The warning about energy-intensive activities reflects broader tensions within the tech and finance industries as regulators, investors, and consumers demand greater climate accountability. Cryptocurrency mining — particularly for bitcoin — consumes vast quantities of electricity, and AI data centres are similarly power-hungry. With global energy prices rising, the operational and reputational costs of supporting these sectors are becoming increasingly difficult to ignore.
Revolut is now turning its attention to expanding its product offering, with lending, mortgages, and other financial services on the roadmap. Storonsky expressed confidence that Revolut’s technology-driven model would continue delivering strong performance as the firm scales globally. The company aims to reach 100 million customers by mid-2027, cementing its status as a leading global digital bank.