CMC Markets Earnings Call Transcripts
Fiscal Year 2026
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Net operating income rose 5% year-over-year to GBP 186.2 million, driven by strong trading and investing growth, with record results in Australia and major new partnerships. FY2026 income is expected to exceed market expectations by 10%, despite higher costs from remediation and transition.
Fiscal Year 2025
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FY 2025 saw 2% net operating income growth to GBP 340m, a 12% EBITDA rise, and a 25% PBT margin, with strong D2C and B2B performance. The new DeFi/Web 3.0 vertical, StrikeX acquisition, and 24/7 trading initiatives position the business for future growth.
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Net operating income surged 45% to £177 million, with profit before tax at £49.6 million and a 28% margin. Growth was driven by institutional partnerships, product innovation, and disciplined cost management, with guidance reaffirmed for the year.
Fiscal Year 2024
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FY24 saw record net operating income and strong profit growth, driven by trading and B2B expansion, with major partnerships and cost efficiencies supporting margin improvement. The business is well positioned for FY25, targeting robust income and further margin gains.