CMC Markets Projects Robust FY25 Income Growth with Leaner Cost Base

CMC Markets PLC announced its final results for the year ending March 31, 2024, showcasing an 11% growth in trading net revenue to £259.1 million. The company is optimistic about FY25, aiming for net operating income of £320-360 million with a leaner cost base and improved profit margins. A final dividend of 7.3 pence per share was declared.

CMC Markets PLC: * FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024

* * MANAGEMENT IS GUIDING TO NET OPERATING INCOME OF BETWEEN £320-360 MILLION IN FY25 ON A COST BASE

* TRADING NET REVENUE GREW BY 11%, TO £259.1 MILLION (FY23: £233.1 MILLION), WITH STRONG PERFORMANCE IN BOTH RETAIL AND INSTITUTIONAL SEGMENTS * CURRENT TRADING PROVING ENCOURAGING WITH POSITIVE TRENDS SEEN EARLY IN NEW FISCAL YEAR

* CMC MARKETS- FOR FY25, CONFIDENT IN BUSINESS' ABILITY TO GENERATE ROBUST LEVELS OF INCOME ON LEANER COST BASE, RESULTING IN IMPROVED PROFIT MARGINS * FINAL DIVIDEND OF 7.3 PENCE PER SHARE

* CMC INTENDS TO COMPLY WITH THE EUROPEAN UNION'S DIGITAL OPERATIONAL RESILIENCE ACT, APPLICABLE FROM JANUARY 2025 Source text for Eikon: Further company coverage:

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