Trading Statement

CMC Markets Plc, a leading provider of online financial trading and B2B institutional solutions, today issues a trading update for the six months to 30 September 2024 ("H1 2025" or "the period").

Financial and operational highlights:

• H1 2025 net operating income expected to be approximately £180 million up 45% on prior year (H1 2024: £123 million)
• H1 2025 operating costs (excluding variable remuneration and non-recurring charges) expected to be approximately £113 million (H1 2024: £122 million) a decrease of approximately 7% on prior year
• H1 2025 profit before tax expected to be approximately £51 million (H1 2024: £(2) million)

The strong performance reflects the success of our ongoing diversification strategy, continued expansion of the B2B segment, and sustained levels of client trading activity.

Management remains focused on growing profit margins and taking a disciplined and balanced approach to investment whilst driving efficiencies through the business.

Operating costs for H1 2025 (excluding variable remuneration and one-off charges) are projected to be approximately £113 million.

The combination of robust net operating income and disciplined cost management resulted in the Group delivering an estimated profit before tax of £51 million for the half year.

From an operational standpoint, the Group has continued to enhance its service offering across platforms with the expansion of cash equities and options products, as well as the upcoming launch of cash ISAs in the UK underpinned by our treasury management division and proprietary technology.

The onboarding of Revolut clients has commenced following a soft launch, with the number of clients live and actively trading increasing steadily. The Group will continue to keep the market updated on the progress of this partnership.

The Group's interim results are due to be released on 21 November 2024.