CMC Markets PLC
F:T8Q
CMC Markets PLC
CMC Markets Plc engages is an online retail financial services and stock brokerage business. The firm is engaged in providing online financial trading and institutional technology solutions. The company offers financial instruments through its stockbroking trading platforms such as Web platform, mobile application, and meta trader. The company offers spread betting and contract for difference (CFD) trading account, and corporate trading account.
CMC Markets Plc engages is an online retail financial services and stock brokerage business. The firm is engaged in providing online financial trading and institutional technology solutions. The company offers financial instruments through its stockbroking trading platforms such as Web platform, mobile application, and meta trader. The company offers spread betting and contract for difference (CFD) trading account, and corporate trading account.
Net Operating Income: Net operating income for the half year reached GBP 186.2 million, up 5% year-on-year, driven by growth in both trading and investing revenues with a record performance from Australian stockbroking.
Profitability: Profit before tax was GBP 49.3 million with a margin of 26.5%, reflecting resilience even after a GBP 5.2 million remediation provision in Australia.
Dividend: The Board declared an interim dividend of 5.5p per share, consistent with the policy of returning 50% of after-tax profit.
Guidance Raised: Management now expects full-year net operating income to exceed current market expectations by approximately 10%.
Strategic Growth: API connectivity and B2B partnerships, such as with Westpac, are driving substantial client growth, distribution, and recurring revenue with minimal incremental cost.
Super App Launch: The launch of Phase 1 of the Super App is imminent, with future phases integrating DeFi, payments, and banking for a unified platform.
Australian Strength: The Australian business posted record results, including strong increases in accounts and assets under administration.
Cost Control: Operating expenses increased due to the remediation charge, but underlying costs and staff expenditures remain well controlled.
