CMC Markets has unveiled its financial outlook for the first half of the fiscal year 2025, marking a significant turnaround and showcasing remarkable growth and operational efficiency. The London-based trading company expects net operating income for the six months ending September 30, 2024, to reach around £180 million, a substantial 45% increase from £123 million in the same period last year.

The impressive growth is due to the company’s ongoing diversification strategy, expansion in the B2B segment, and sustained client trading activity. This strategic approach has enabled CMC Markets to project a profit before tax of approximately £51 million for H1 2025, a dramatic improvement from the £2 million loss recorded in the previous year’s corresponding period. This recovery highlights the effectiveness of the company’s strategic initiatives.

The company’s cost management efforts have also paid off. Operating costs, excluding variable remuneration and non-recurring charges, are expected to decrease by about 7%, falling to £113 million from £122 million in H1 2024. “Management remains focused on growing profit margins and taking a disciplined and balanced approach to investment while driving efficiencies through the business,” the company stated.

Transformative Growth: CMC Markets Reports Major Turnaround

CMC Markets has enhanced its service offerings, expanding cash equities and options products. The company is also preparing to launch cash ISAs in the UK, leveraging its treasury management division and proprietary technology. The recently announced partnership with Revolut is progressing well. Following a soft launch, client onboarding is underway. Although we haven’t disclosed specific figures, the number of active trading clients in this partnership steadily increases.

In June, CMC Markets reported its full results for the fiscal year 2024, which ended on March 31, 2024. The company saw a 52% increase in adjusted pre-tax profit, driven by solid client trading and continued diversification initiatives. Net operating income rose by 15% to £332.8 million, boosted by an 11% rise in trading net revenue to £259.1 million.

The retail and institutional divisions contributed significantly to this growth, with the institutional segment increasing its share of total net revenue. Conversely, investing net revenue decreased by 10% to £34.0 million due to adverse currency movements, particularly with the Australian dollar. Despite a reduction of over 10,000 active customers in FY24 compared to the prior year, this decline was offset by an 18% rise in average revenue per active customer, reaching £4,685.

CMC Markets will release its full interim results for H1 FY25 on November 21, 2024. CMC Markets drives its growth and success in the competitive trading industry through strategic initiatives, effective cost management, and ongoing global expansion.

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