CMC Markets confirms guidance for FY2025 in its Q3 update, staying on track with financial performance expectations.
CMC Markets confirms guidance for FY2025 in its Q3 update, staying on track with financial performance expectations.
CMC Markets announced its Q3 trading update, confirming that it is on track to meet its FY2025 income and cost guidance. The update covers the period from October to December 2024. The company reassured investors by confirming it remains on track to achieve its annual net operating income in line with previously issued guidance, despite recent market turbulence.
In addition to the income forecast, CMC Markets’ management confidently expects to meet its cost guidance for FY2025, projected at approximately £225 million. This figure excludes variable remuneration and non-recurring charges, suggesting a focus on stable and predictable operational costs.
The announcement comes after CMC Markets saw a significant 13% drop in its share price in late November 2024, following the release of its half-year financial results. The market reaction was partly due to a less optimistic outlook for the second half of the fiscal year.
The company had projected a sharp decline in revenue for the period ending March 31, 2025, compared to the first half of the year, which recorded £177.4 million, a notable decrease from the £210.2 million seen in the second half of FY2024. Despite this challenging outlook, CMC’s third-quarter update indicates that the company remains resilient and is holding steady on its revenue and cost projections.
As the year progresses, investors will be closely monitoring the company’s performance, particularly as the second half of FY2025 progresses, to assess whether CMC Markets can navigate the hurdles presented by the current market environment. CMC Markets, known for its online trading platform technology, serves both retail (D2C) and institutional (B2B) clients globally.
As the company works towards stabilizing its financial outlook, the update provides a glimpse of cautious optimism for the remainder of the fiscal year. The full text of the trading update was released on January 23, 2025.
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