CMC Markets (LSE:CMCX) shares got a rise out of Thursday's financial results, climbing 16.2% to 427.5p, as the trading and fintech firm pitched a net operating income target of £460-480m.
It came as CMC reported net operating income for the year to 31 March of £392.6 million, up 15% from £340.1 million in FY2025, EBITDA of £117.8 million, profit before tax of £101.3 million (up 20%) and a PBT margin of 25.8%, with a £5.2 million Australian remediation charge recognised in the first half.
“We have positioned the business at the intersection of established financial markets and the next generation of digital finance,” Lord Cruddas said.
Institutional and B2B income scaled during the year, the neobank API drove exceptional new account openings, the Australian stockbroking business delivered record net operating income of A$140.3 million (up 32%), CapX contributed about £2.4 million of net trading income and treasury-related trading income was about £5.5 million.
The board proposed a final dividend of 8.3p, taking the full-year dividend to 13.8p (FY2025: 11.4p). The company reiterated a 50% profit payout policy and said FY2027 operating costs (excluding variable remuneration) are expected to be about £280 million.
Management said the Westpac and ASB Bank partnerships remain on track to launch within 12 months, and the group will continue the multi-asset platform, Super App and digital-asset rollouts.
