CMC Markets Plc (CMCX.L), a provider of online financial trading and B2B institutional solutions, Wednesday reported that it expects a profit before tax in its first half, compared to last year's loss, with higher operating income. Disciplined cost management benefited the results, the firm noted.
According to the company, the strong performance reflects the success of its ongoing diversification strategy, continued expansion of the B2B segment, and sustained levels of client trading activity.
In its first-half 2025 pre-close trading update, the company said it expects profit before tax to be around 51 million pounds, compared to last year's loss of 2 million pounds.
Net operating income for the period is expected to be around 180 million pounds, up 45% on prior year's 123 million pounds.
Operating costs, excluding variable remuneration and non-recurring charges, are expected to be around 113 million pounds, a decrease of around 7% on prior year.
CMC Markets said it remains focused on growing profit margins and taking a disciplined and balanced approach to investment whilst driving efficiencies through the business.
CMC Markets plans to release its interim results on November 21.
For comments and feedback: editorial@rttnews.com