CMC Ends FY25 with 33% Annual Profit Jump; Reshuffles Board
CMC Markets (LON: CMCX) closed the fiscal year 2025, which ended on 31 March, with a net operating income of £340.1 million—a modest 2 per cent annual increase—while pre-tax profits jumped by 33 per cent to £84.5 million.
The financial results released today (Thursday) show that the broker’s Australian stockbroking unit achieved a record net operating income of AU$106.3 million, up from AU$85.1 million in the previous year, driven by “double-digit growth in active clients and new accounts.”
The London-headquartered broker improved its profit margin to 24.8 per cent, up from 19 per cent in the previous year. Basic earnings per share rose by 35 per cent to 22.6 pence.
Annual interest income increased by 21 per cent to £42.5 million, “driven in part by strong performance from our Treasury Management and Capital Markets division.” EBITDA also rose by 12 per cent to £103.4 million.
Board Reshuffle
CMC has also announced a reshuffle to its board. David Fineberg, currently Deputy Chief Executive Officer and Board Director, will not stand for re-election and will transition into the newly created role of Global Head of Strategic Partnerships. The role will focus on strengthening key institutional relationships and accelerating growth through partnerships such as those with Revolut and StrikeX.
Matthew Lewis, currently Head of ANZ and a Board Director, will also step down from CMC’s board. However, he will continue focusing on expanding the Group’s footprint in the ANZ region, particularly in stockbroking and digital asset services.
Meanwhile, the board has appointed Laurence Booth, CMC’s Global Head of Capital Markets, as an Executive Director.