wk-2025-12-31-ixbrl

Jane Street International Trading Limited

Strategic Report

Year ended 31 December 2025

The Directors present their Strategic Report prepared in accordance with the provisions of section 414C

of the Companies Act 2006 for the year ended 31 December 2025.

Introduction and summary of principal activities

Jane Street International Trading Limited (the “Company”) is a wholly-owned and controlled subsidiary

of the ultimate parent of the Jane Street Group (the “Group”), Jane Street Group, LLC (the “Parent” or

“JSG”).

Prior to 1 January 2025, the principal activity of the Company was the provision of agency trading

services to other companies in the Group for which it was compensated in accordance with a trading

services agreement between the Company and certain affiliates, and the Group’s transfer pricing

arrangements (collectively, the "Group's Transfer Pricing Arrangements"). The Company will, where

relevant, continue to receive amounts from Jane Street UK Partnership LLP ("JSUP"), an affiliate, under

the Group Transfer Pricing Arrangements.

JSUP provides certain operational services to the Company pursuant to a service agreement between

the Company, JSG and its UK affiliates (the "UK Services Agreement").

The Company is headquartered in London and undertakes all business activities from this location.

Business review

The Statement of Comprehensive Income on page 13 presents the results of the Company for the years

ended 31 December 2025 and 2024. During the year ended 31 December 2025, the Company generated

revenues of $126,000 (2024: $24,845,000), while administrative expenses amounted to $61,000 (2024:

$30,000). During the year ended 31 December 2025, the Company produced after tax profits of $nil

(2024: $17,507,000). Revenues and administrative expenses have fallen compared to the prior year,

following the cessation of agency trading services from 1 January 2025.

The financial position of the Company as at 31 December 2025 and 2024 is shown in the Statement of

Financial Position on page 14. As at 31 December 2025, total equity has remained unchanged since the

prior year at $95,099,000 (2024: $95,099,000).

As noted above, since 1 January 2025, the Company no longer provides agency trading services to other

companies in the Group. Notwithstanding this change, until operations cease, the Company will

continue to deploy its resources to further the Group's wider goals. The Group continues to support the

Company to ensure it can meet all future liabilities, and the Company will, where relevant, continue to

receive revenue under the Group's Transfer Pricing Arrangements.

Jane Street International Trading Limited

Strategic Report

Year ended 31 December 2025

Financial risk management

Credit risk

The Company's credit exposure arises on the intercompany amounts due from Group undertakings.

While the Group remains a going concern, the Directors plausibly expect that, based on the relevant

agreements in place, the outstanding amounts due from the Group will be paid on a timely basis after

the Company provides a request for repayment.

Liquidity risk

The Company's liabilities primarily consist of amounts due to Group undertakings. The company expects

a demand for payment of affiliate liabilities only where the Company is in receipt of monies due to it

from other affiliates which, as of the balance sheet date, are greater than the Company's liabilities.

Therefore the Directors consider that it is unlikely the Company will have insufficient resources to meet

its liabilities as they fall due whilst the Group is a going concern.

Market risk

The Company has no direct exposure to market risk. However, it does have indirect market risk to the

Group by virtue of the revenue it receives under the Group’s Transfer Pricing Arrangements. The

Directors consider the Group’s risk management procedures adequate to ensure the Company receives

appropriate levels of support from the Group.

Section 172(1) statement

Section 172(1) of the Companies Act 2006 (the “Act”) states that directors of a company must act in the

way they consider, in good faith, would most likely promote the success of the company for the benefit

of its members as a whole, and in doing so have regard, amongst other matters, to:

• the likely consequences of any decision in the long term;

• the interests of the company’s employees;

• the need to foster the company’s business relationships with suppliers, customers and others;

• the impact of the company’s operations on the community and the environment;

• the desirability of the company maintaining a reputation for high standards of business conduct;

and

• the need to act fairly as between members of the company.

As part of their duty pursuant to section 172(1) of the Act, the Directors have implemented an effective

system of internal controls and management of the Company’s affairs, which protects both the interests

of its sole shareholder and has regard to the interests of the Company’s other stakeholders. The

Directors have regular discourse with senior management from a cross section of departments who are

more closely involved in the day-to-day business of the Company. This open dialogue is crucial to

ensuring that the Directors make informed decisions that have regard to the Company’s stakeholders as

well as the long term consequences of such decisions.

Jane Street International Trading Limited

Strategic Report

Year ended 31 December 2025

The Directors have identified the following key stakeholders:

Employees

The Directors recognise that the individuals who provide services to the Company are fundamental to its

success in the long term. The Company and the Group promote learning and are committed to

developing individual talents through internal knowledge sharing and external training. The Group also

offers employees a range of benefits to support employee health and well-being.

The Group operates an open and collegiate environment for all employees, in which all points of view

are considered. Senior management provide briefings to staff concerning material business updates.

The Directors believe that they have acted in good faith to comply with their duty pursuant to section

172(1) of the Act. By engaging effectively with issues of importance to stakeholders they have promoted

the success of the Company for the benefit of its sole shareholder, ensured the long term impact of

decisions are accounted for, and that stakeholder relationships are maintained.

Going concern

Having considered the Company's risk management approaches, the financial position and performance

of the Company, and the assessment of the risks and uncertainties facing the Company and the Group,

the Directors reasonably consider that there are adequate capital and liquidity resources for the

Company to continue in operational existence for at least 12 months from the date of this report.

However, since 1 January 2025, the Company no longer provides agency trading services to other

companies in the Group and it is anticipated that the Company will cease operations within the

foreseeable future. Accordingly, the Directors prepared the financial statements on a non-going concern

basis.

Approved by the Directors on 25 June 2026 and signed by:

.........................................

J S Mackenzie

Director

Jane Street International Trading Limited

Directors' Report

Year ended 31 December 2025

Registration number: 08721394

The Directors present their report and the financial statements for the year ended 31 December 2025.

Registered office

The Company is a limited company incorporated in England and Wales. The registered office is 2 & A

Half, Devonshire Square, London, England, EC2M 4UJ.

Directors of the Company

The Directors who held office during the year and through to the date of this report were as follows:

• M Desai

• J S Mackenzie

Dividends

The Directors do not recommend the payment of a final dividend for the year ended 31 December 2025

(2024: $nil). No interim dividend was paid during the year (2024: $nil).

Directors' indemnities

For the year ended 31 December 2025, and as at the date of this report, third party indemnity insurance

was in place for the benefit of the Directors.

Auditor

The Directors have taken steps that they ought to have taken as directors in order to make them aware

of any relevant audit information and to establish that the Company's auditor is aware of that

information.

The Directors confirm that there is no relevant information that they know of, and for which they know

the auditor is unaware.

Future developments

Refer to the Business review section of the Strategic Report.

Stakeholder engagement statement

Refer to the Section 172(1) statement of the Strategic Report.

Jane Street International Trading Limited

Directors' Report

Year ended 31 December 2025

Going concern and financial risk management

Refer to the Going concern and Financial risk management sections of the Strategic Report.

Approved by the Directors on 25 June 2026 and signed by:

.........................................

J S Mackenzie

Director

Jane Street International Trading Limited

Statement of Directors' Responsibilities

Year ended 31 December 2025

Statement of Directors' Responsibilities in respect of the Strategic Report, the Directors' Report and

the financial statements

The Directors are responsible for preparing the Strategic Report, the Directors' Report and the

Company's financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that

law they have elected to prepare the Company's financial statements in accordance with UK accounting

standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The

Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under company law the Directors must not approve the financial statements unless they are satisfied

that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the

Company for that period. In preparing the Company's financial statements, the Directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements;

• assess the Company's ability to continue as a going concern, disclosing, as applicable, matters

related to going concern; and

• use the going concern basis of accounting unless they either intend to liquidate the Company or

to cease operations, or have no realistic alternative but to do so. As explained in note 2, the

Directors do not believe that it is appropriate to prepare the financial statements on a going

concern basis.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and

explain the Company's transactions and disclose with reasonable accuracy at any time the financial

position of the Company and enable them to ensure the Company's financial statements comply with

the Companies Act 2006. The Directors are responsible for such internal control as they determine is

necessary to enable the preparation of financial statements that are free from material misstatement,

whether due to fraud or error, and have general responsibility for taking such steps as are reasonably

open to them to safeguard the assets of the Company and to prevent and detect fraud and other

irregularities.

The Directors are responsible for the maintenance and integrity of the corporate and financial

information included on the Company’s website. Legislation in the UK governing the preparation and

dissemination of financial statements may differ from legislation in other jurisdictions.

Jane Street International Trading Limited

Independent Auditor's Report

Year ended 31 December 2025

Independent Auditor’s Report to the members of Jane Street International Trading Limited

Opinion

We have audited the financial statements of Jane Street International Trading Ltd (“the Company”) for

the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the

Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows, and

related notes, including the accounting policies in note 2.

In our opinion the financial statements:

• give a true and fair view of the state of the Company’s affairs as at 31 December 2025 and of its

profit for the year then ended;

• have been properly prepared in accordance with UK accounting standards, including FRS 102 The

Financial Reporting Standard applicable in the UK and Republic of Ireland; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and

applicable law. Our responsibilities are described below. We have fulfilled our ethical responsibilities

under, and are independent of the Company in accordance with, UK ethical requirements including the

FRC Ethical Standard. We believe that the audit evidence we have obtained is a sufficient and

appropriate basis for our opinion.

Emphasis of matter

We draw attention to the disclosure made in note 2 to the financial statements which explains that the

financial statements have not been prepared on the going concern basis for reasons set out in that note.

Our opinion is not modified in respect of this matter.

Jane Street International Trading Limited

Independent Auditor's Report

Year ended 31 December 2025

Fraud and breaches of laws and regulations – ability to detect

Identifying and responding to risks of material misstatement due to fraud

To identify risks of material misstatement due to fraud (“fraud risks”), we assessed events or conditions

that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud.

Our risk assessment procedures included:

• Enquiring of Directors and inspection of policy documentation as to the Company’s high-level

policies and procedures to prevent and detect fraud, as well as whether they have knowledge of any

actual, suspected or alleged fraud.

• Reading relevant minutes.

• Using analytical procedures to identify any unusual or unexpected relationships.

We communicated identified fraud risks across the audit team and remained alert to any indications of

fraud throughout the audit.

As required by auditing standards, we perform procedures to address the risk of management override

of controls, in particular the risk that Company management may be in a position to make inappropriate

accounting entries and the risk of bias in accounting estimates, such as the valuation of financial

instruments.

On this audit we do not believe there is a fraud risk related to revenue recognition because of the nature

of the transfer pricing arrangements used by the Company, as well as the systemised nature of trading

revenue streams. Given the complex and inherently judgmental nature of transfer pricing arrangements,

as well as the inter-connected nature of the transfer pricing arrangements with related parties, we have

identified a fraud risk over the transfer pricing arrangements.

We did not identify any additional fraud risks.

In determining the audit procedures, we took into account the results of our evaluation and testing of

the operating effectiveness of some of the Company-wide fraud risk management controls.

We also performed procedures including:

• Identifying journal entries and other adjustments to test based on risk criteria and comparing the

identified entries to supporting documentation. These included those posted by members of senior

management, journals posted without a User ID, journals posted at irregular times (weekends/

outside of working hours) and journals containing high-risk key words.

• Assessing whether the judgements made in making accounting estimates are indicative of a

potential bias.

• Engaging specialists to inspect and challenge the transfer pricing methodology, testing

management's implementation of the transfer pricing agreement and substantively reperforming

the year end calculations whilst vouching inputs back to source.

Jane Street International Trading Limited

Independent Auditor's Report

Year ended 31 December 2025

Identifying and responding to risks of material misstatement related to compliance with laws and

regulations

We identified areas of laws and regulations that could reasonably be expected to have a material effect

on the financial statements from our general commercial and sector experience, and through discussion

with the Directors and other management (as required by auditing standards), discussed with the

Directors and other management the policies and procedures regarding compliance with laws and

regulations.

We communicated identified laws and regulations across our team and remained alert to any indications

of non-compliance throughout the audit.

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the Company is subject to laws and regulations that directly affect the financial statements

including financial reporting legislation (including related companies legislation), distributable profits

legislation, and taxation legislation and we assessed the extent of compliance with these laws and

regulations as part of our procedures on the related financial statement items.

Secondly, the Company is subject to many other laws and regulations where the consequences of non-

compliance could have a material effect on amounts or disclosures in the financial statements, for

instance through the imposition of fines or litigation or the loss of the Company’s license to operate. We

identified the following areas as those most likely to have such an effect: anti-bribery, liquidity, and

certain aspects of company legislation recognising the financial nature of the Company’s activities and

its legal form. Auditing standards limit the required audit procedures to identify non-compliance with

these laws and regulations to enquiry of the Directors and other management and inspection of

regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not

disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

Context of the ability of the audit to detect fraud or breaches of law or regulation

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have

detected some material misstatements in the financial statements, even though we have properly

planned and performed our audit in accordance with auditing standards. For example, the further

removed non-compliance with laws and regulations is from the events and transactions reflected in the

financial statements, the less likely the inherently limited procedures required by auditing standards

would identify it.

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as fraud may

involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

Our audit procedures are designed to detect material misstatement. We are not responsible for

preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and

regulations.

Jane Street International Trading Limited

Independent Auditor's Report

Year ended 31 December 2025

Strategic report and directors' report

The Directors are responsible for the Strategic report and Directors’ report. Our opinion on the financial

statements does not cover those reports and we do not express an audit opinion thereon.

Our responsibility is to read the Strategic report and Directors’ report and, in doing so, consider

whether, based on our financial statements audit work, the information therein is materially misstated

or inconsistent with the financial statements or our audit knowledge. Based solely on that work:

• we have not identified material misstatements in the Strategic report and the Directors’ report;

• in our opinion the information given in those reports for the financial year is consistent with the

financial statements; and

• in our opinion those reports have been prepared in accordance with the Companies Act 2006.

Matters on which we are required to report by exception

Under the Companies Act 2006 we are required to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not

been received from branches not visited by us; or

• the Company’s financial statements are not in agreement with the accounting records and

returns; or

• certain disclosures of Directors’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

We have nothing to report in these respects.

Directors' responsibilities

As explained more fully in their statement set out on page 7, the Directors are responsible for: the

preparation of the financial statements and for being satisfied that they give a true and fair view; such

internal control as they determine is necessary to enable the preparation of financial statements that

are free from material misstatement, whether due to fraud or error; assessing the Company’s ability to

continue as a going concern, disclosing, as applicable, matters related to going concern; and using the

going concern basis of accounting unless they either intend to liquidate the Company or to cease

operations, or have no realistic alternative but to do so. As explained in note 2, the Directors do not

believe that it is appropriate to prepare these financial statements on a going concern basis.

Jane Street International Trading Limited

Independent Auditor's Report

Year ended 31 December 2025

Auditor’s responsibilities

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole

are free from material misstatement, whether due to fraud or error, and to issue our opinion in an

auditor’s report. Reasonable assurance is a high level of assurance, but does not guarantee that an audit

conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in aggregate,

they could reasonably be expected to influence the economic decisions of users taken on the basis of

the financial statements.

A fuller description of our responsibilities is provided on the FRC’s website at www.frc.org.uk/

auditorsresponsibilities.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part

16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the

Company’s members those matters we are required to state to them in an auditor’s report and for no

other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the Company and the Company’s members, as a body, for our audit work, for this

report, or for the opinions we have formed.

James Voyle (Senior Statutory Auditor)

for and on behalf of KPMG LLP, Statutory Auditor

Chartered Accountants

15 Canada Square

London

E14 5GL

25 June 2026

Jane Street International Trading Limited

Statement of Comprehensive Income

Year ended 31 December 2025


		2025	2024
	Note	$000	$000

Revenues	3	126	24,845
Administrative expenses		(61)	(30)
Operating profit	4	65	24,815
Interest income	5	—	2
Interest expense	6	(1)	—
Foreign exchange losses		(64)	(1,437)
Profit before taxation		—	23,380
Tax expense	7	—	(5,873)
Profit for the financial year		—	17,507

Revenues and operating profit are derived wholly from continuing operations.

There are no components of other comprehensive income recognised as part of total comprehensive

income outside profit or loss.

The notes starting on page 17 form an integral part of these financial statements.

Jane Street International Trading Limited

Statement of Financial Position

As at 31 December 2025


		2025	2024
	Note	$000	$000

Current assets
Debtors	9	95,349	125,033
Cash at bank	10	257	110
		95,606	125,143

Creditors: amounts falling due within one year	11	(507)	(30,044)

Net assets		95,099	95,099

Capital and reserves
Called up share capital	13	1,000	1,000
Profit and loss account		94,099	94,099
Total equity		95,099	95,099

Approved by the Directors on 25 June 2026 and signed by:

.........................................

J S Mackenzie

Director

The notes starting on page 17 form an integral part of these financial statements.

Jane Street International Trading Limited

Statement of Changes in Equity

Year ended 31 December 2025


	Called up share capital	Profit and loss account	Total equity
	$000	$000	$000

As at 1 January 2024	1,000	76,592	77,592
Profit for the year	—	17,507	17,507
As at 31 December 2024	1,000	94,099	95,099

Profit for the year	—	—	—
As at 31 December 2025	1,000	94,099	95,099

The notes starting on page 17 form an integral part of these financial statements.

Jane Street International Trading Limited

Statement of Cash Flows

Year ended 31 December 2025


		2025	2024
	Note	$000	$000

Reconciliation of operating profit to net cash flows from operating activities
Profit for the financial year		—	17,507
Decrease / (increase) in debtors	9	29,684	(46,791)
(Decrease) / increase in creditors	11	(29,537)	28,369
Net cash inflow / (outflow) from operating activities		147	(915)

Increase / (decrease) in cash		147	(915)

Reconciliation of net cash flow to movement in funds
Increase / (decrease) in cash	10	147	(915)
Net funds at 1 January	10	110	1,025
Net funds at 31 December	10	257	110

The notes starting on page 17 form an integral part of these financial statements.

Jane Street International Trading Limited

Notes to the Financial Statements

Year ended 31 December 2025

1Corporate information

The Company is a limited company incorporated in England and Wales. The registered office is 2 & A

Half, Devonshire Square, London, England, EC2M 4UJ.

2Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard 102

("FRS 102") and under the historical cost convention. The financial statements are rounded to the

nearest thousand United States dollar ("$").

Going concern

Having considered the Company's risk management approaches, the financial position and performance

of the Company, and the assessment of the risks and uncertainties facing the Company and the Group,

the Directors reasonably consider that there are adequate capital and liquidity resources for the

Company to continue in operational existence for at least 12 months from the date of this report.

However, since 1 January 2025, the Company no longer provides agency trading services to other

companies in the Group and it is anticipated that the Company will cease operations within the

foreseeable future. Accordingly, the Directors prepared the financial statements on a non-going concern

basis.

Judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and

the amounts reported for revenues and expenses during the year. The Directors do not consider there to

be any significant judgements or estimates in the financial statements.

Functional and presentation currency

The functional currency is $ and the accounts are presented in $.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at

the balance sheet date.

Transactions in foreign currencies are recorded using the daily rate on the day in which they are

recorded in the Company's accounts. All exchange differences are included in the Statement of

Comprehensive Income.

Jane Street International Trading Limited

Notes to the Financial Statements

Year ended 31 December 2025

2Accounting policies (continued)

Revenues

Revenues are recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. In relation to the Group's Transfer Pricing

Arrangements, revenue is recognised and accrued throughout the year.

Interest income and expense

Interest income and expense is accounted for on an accruals basis in the Statement of Comprehensive

Income using the effective interest method and is added to or subtracted from the carrying amount of

the assets or liabilities to the extent that they are not settled in the period in which they arise.

Taxation

Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws

that have been enacted or substantively enacted at the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events that result in an obligation to pay more tax or a

right to pay less tax in the future have occurred at the balance sheet date. A deferred tax asset would

only be recognised if it is considered more likely than not that there will be suitable profits from which

the future reversal of the underlying timing differences can be deducted. Timing differences are the

differences between the Company’s taxable profits and its results as stated in the financial statements,

which are capable of reversal in one or more subsequent periods.

Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse based on tax rates and laws that have

been enacted or substantively enacted at the balance sheet date.

Cash at bank

Cash at bank is maintained in sight deposit accounts at a highly rated financial institution.

Financial instruments

The Company has elected to apply the recognition and measurement provisions of International

Accounting Standard 39 Financial Instruments: Recognition and Measurement (as adopted in the UK)

and the disclosure requirements of Sections 11 and 12 of FRS 102.

Financial assets and liabilities are recognised when the Company becomes a party to the contractual

provisions of the instrument.

Debtors and creditors and other short-term monetary assets and liabilities are initially recognised at fair

value and are subsequently carried at amortised cost using the effective interest rate. At each reporting

date, an assessment is made as to whether there are any indicators that a receivable or group of

receivables is impaired. If such evidence exists, the amount of the impairment is recognised through

Administrative expenses within the Statement of Comprehensive Income.

Jane Street International Trading Limited

Notes to the Financial Statements

Year ended 31 December 2025

3Revenues

Revenues include amounts charged to JSUP in accordance with the Group’s Transfer Pricing

Arrangements.


	2025	2024
	$000	$000

Amounts charged to other affiliates	126	24,845

4Operating profit

The following costs in respect of the Company were borne by JSUP under the UK Services Agreement.


	2025	2024
	$000	$000

Auditor's remuneration
Audit of the financial statements	34	49

5Interest income


	2025	2024
	$000	$000

Interest income on tax	—	2

6Interest expense


	2025	2024
	$000	$000

Interest expense on tax	1	—

Jane Street International Trading Limited

Notes to the Financial Statements

Year ended 31 December 2025

7Taxation

(a) Analysis of tax expense


	2025	2024
	$000	$000

UK corporation tax	—	5,845
Foreign exchange adjustments	—	28
Total tax expense	—	5,873

(b) Factors affecting tax expense for the year

The 2025 main rate of UK corporation tax was 25% ( 2024 : 25%).


	2025	2024
	$000	$000

Profit before tax	—	23,380

UK corporation tax at main rate	—	5,845
Foreign exchange adjustments	—	28
Total tax expense	—	5,873

The Company, along with Jane Street Europe Limited ("JSE") and other Group entities in the UK, has a

GPA with HM Revenue & Customs, whereby JSE makes UK corporation tax payments on behalf of all

participating entities. These payments are allocated to each entity in line with its tax charge for the

period to which they relate.

Jane Street International Trading Limited

Notes to the Financial Statements

Year ended 31 December 2025

8Directors' remuneration


	2025	2024
	$000	$000

Remuneration	61	30

The Directors of the Company were remunerated by other entities within the Group. The amounts

allocated to the Company are as disclosed above.

The Group operates defined contribution pension schemes / retirement plans, the assets and liabilities

of which are held separately from those of the Company. For the year ended 31 December 2025, no

Director that held office at the end of the year was a member of the pension / retirement plans (2024:

one).

9Debtors


	2025	2024
	$000	$000

Amounts falling due within one year
Amounts due from Group undertakings	95,349	125,033

No assets are impaired as at 31 December 2025 (2024: $nil).

10Analysis of net funds


	As at 1 January 2025	Cash Flow	As at 31 December 2025
	$000	$000	$000

Cash at bank	110	147	257

Jane Street International Trading Limited

Notes to the Financial Statements

Year ended 31 December 2025

11Creditors: amounts falling due within one year


	2025	2024
	$000	$000

Amounts due to Group undertakings	507	30,000
Accruals	—	44
Total creditors	507	30,044

12Contingent liabilities

The Company provides guarantees in respect of external debt agreements entered into by JSG. Under

the terms of these agreements, the Parent has pledged its equity interest in the Company as collateral.

As at 31 December 2025, amounts being due under these guarantees or pledges is not considered

probable. Accordingly, there is no provision recorded as at 31 December 2025 or 2024 in the Statement

of Financial Position.

13Share capital


		2025		2024
	No. in 000's	$000	No. in 000's	$000

Allotted, called up and fully paid
Ordinary shares of $1.00 each	1,000	1,000	1,000	1,000

14Parent company

The Company is controlled by and is a wholly owned subsidiary of JSG, an entity that was formed under

the laws of the State of Delaware in the United States of America. JSG is the only Group entity producing

consolidated accounts including the results of the Company.


	2025	2024
	$000	$000

Amounts due from the Parent	95,342	74,075
Amounts due from other affiliates	7	50,958
Total amounts due from Group undertakings	95,349	125,033

Amounts due to other affiliates	(507)	(30,000)
Total amounts due to Group undertakings	(507)	(30,000)


Company Information	1
Strategic Report	2
Directors' Report	5
Statement of Directors' Responsibilities	7
Independent Auditor's Report	8
Statement of Comprehensive Income	13
Statement of Financial Position	14
Statement of Changes in Equity	15
Statement of Cash Flows	16
Notes to the Financial Statements	17