CMC Markets (LSE:CMCX) raised its net operating income (NOI) guidance for the full year to 31 March 2027 by nearly 20%, citing accelerating growth in its business-to-business platform operations.
The London-listed retail and institutional financial trading group now expects full-year NOI of at least £550 million, materially ahead of prior guidance of £460 million to £480 million, with EBITDA guided at £250 million.
Operating expenses, excluding variable remuneration, remain guided at approximately £280 million, unchanged from previous guidance.
The upgrade reflects what CMC described as operational gearing in its B2B division, where income growth is being delivered against a largely fixed cost base, expanding profit margins.
CMC said its B2B platform business has "several important milestones" expected over the next 12 months alongside a continuing pipeline of new opportunities, suggesting the current trajectory has room to extend.
The group's next scheduled update is the half-year results on 19 November.
