CMC Markets (CMCX) Q1 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 TU earnings summary
13 Jun, 2025Executive summary
Q1 FY25 performance aligned with management expectations, maintaining momentum from FY24.
Progress in institutional and B2B strategy, highlighted by a new partnership with Revolut and a strong pipeline.
Initial onboarding of Revolut clients underway, with some already live and trading.
Financial highlights
On track to achieve FY25 net operating income between £320-360 million.
Cost base guidance (excluding variable remuneration and non-recurring charges) set at approximately £225 million.
Outlook and guidance
Guidance for FY25 net operating income remains unchanged at £320-360 million.
Focus on driving cost efficiencies and margin expansion, especially in institutional and B2B segments.
H1 2025 pre-close trading update scheduled for 9 October 2024; interim results on 21 November 2024.
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