Image source: Shutterstock

Highlights

  • Profit before tax surged 33% to £84.5 million, supported by robust net operating income and cost discipline.

  • Record stockbroking revenue in Australia, with AU$106.3 million generated and double-digit client growth.

  • Strategic expansion into DeFi and global fintech partnerships, including a majority stake in StrikeX.

CMC Markets PLC (LSE:CMCX) has announced its financial results for the fiscal year 2025, underpinned by growth in net operating income, disciplined cost control, and expanding global operations. The group also outlined an ambitious strategic roadmap aimed at capitalising on both traditional and decentralised financial market opportunities.

The company delivered a record net operating income of AU$106.3 million from its Australian stockbroking division, a sharp increase from AU$85.1 million in FY24. This was accompanied by double-digit growth in both active clients and new account openings.

Across the broader business, interest income climbed 21% year-on-year to £42.5 million, reflecting contributions from the Treasury Management and Capital Markets division. CMC’s underlying EBITDA rose 12% to £103.4 million, while profit before tax surged to £84.5 million, a 33% increase from the previous year. The profit margin improved to 24.8% from 19.0%, driven by rising revenues, operating leverage, and lower exceptional charges.

To reward shareholders, CMC raised its final dividend to 8.3 pence, taking the full-year payout to 11.4 pence—up 37% from FY24.

Strategic and Operational Progress

The year marked substantial progress on several fronts. CMC secured major technology partnerships with Revolut and ASB Bank, positioning itself as a key fintech enabler. With Revolut planning geographic expansion in FY26, CMC expects to significantly broaden its global reach.

In line with its innovation-led strategy, the firm launched 24/7 crypto trading, adding 104 trading days annually. It also expanded its product offering to include listed and fractional futures and options.

Another standout performer was the UK Cash ISA product, which saw record client inflows, reinforcing CMC’s direct-to-consumer (D2C) investment offerings. In addition, the establishment of a Bermuda office has enhanced its footprint in trading, digital asset services, and investment management.

CMC CapX, its capital markets platform launched in 2022, is rapidly emerging as a leading UK player in public market fundraising, while building a growing presence in private capital markets.

DeFi Ambitions and Future Outlook

Post the reporting period, CMC acquired a 51% controlling interest in StrikeX, a move that strengthens its positioning in blockchain and tokenised assets. This acquisition supports the development of its third strategic vertical focused on decentralised finance (DeFi).

Looking ahead, CMC aims to accelerate the rollout of its three-vertical strategy—Direct-to-Consumer (D2C), Platform Technology and Application Services (PTAS), and DeFi.