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CMC Markets PLC on Thursday raised annual guidance reflecting accelerating momentum, record client cash balances, rising activity levels and stronger performance metrics. In response, shares in the London-based trading platform soared 26% to 262.00 pence each in London on Thursday morning. They have, however, fallen 23% in the last 12 months. CMC now expects full-year net operating income to be around 10% ahead of current market expectations which it put at £353.9 million. This would be up from £340.1 million in the financial year to March 2025. CMC said net operating income rose 5.0% to £186.2 million in the half-year to September from £177.4 million the year prior. Pretax profit dropped 0.6% to £49.3 million from £49.6 million, while earnings before interest, tax, depreciation and amortisation fell 5.3% to £57.1 million from £60.3 million. CMC said results were underpinned by record client cash balances, healthy client activity levels, and continued traction from its expanding network of B2B partnerships. Performance in Australia was particularly strong, with record half-year income from the stockbroking business supported by double-digit growth in assets under administration, turnover volume and active accounts. Net trading revenue rose 5.2% to £138.1 million from £131.3 million, supported by steady client activity and periods of healthy market volatility, particularly across commodities and index products. Operating expenses increased 10% year-on-year, primarily reflecting the £5.2 million remediation provision in Australia relating to an industry-wide margin netting matter, taking the total charge to £9.5 million. This follows a probe by Australian authorities into margin netting practices, a risk management technique. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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