Cmc Markets Plc · LSE:CMCX
Cmc Markets — Q2 2026 Earnings Presentation
30 slides from Cmc Markets's earnings presentation, Nov 20, 2025
Slide 1: HY 2026 Results Presentation
HY 2026 Results Presentation Lord Peter Cruddas John Cubbin John Cubbin Interim head Founder Founder & & CEO CEO Interim Head of Finance of finance Laurence Booth global Head Global Head of of capital markets Capital Markets Contents 02 Business Update 22 Wrap Up 07 Financial Update 24 Appendices 12
Slide 2: API Connectivity delivers distribution and scale through technology
“API Connectivity delivers distribution and scale through technology - which is what sets CMC apart” Lord Peter Cruddas Founder & CEO HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 02
Slide 3: One API, unlimited reach
One API, unlimited reach Our B2B market-leading API is driving explosive account growth and unlocking new markets - with minimal cost API partnerships accelerating rapidly, delivering exponential growth API partnership account openings have grown by 2,400% in less than one year, and it's only going
Slide 4: Trusted by blue-chip institutions to deliver product and technology solutions via API or white label
Trusted by blue-chip institutions to deliver product and technology solutions via API or white label Behind every great name, sits a vast client network What sets CMC apart Market-leading API technology Ability to scale with multiple Major partners across multiple International products Bank Blue-ch
Slide 5: The "Super App" - the next big thing!
The "Super App" - the next big thing! We are creating a “Super App" for trading, investing and payments – unlocking growth across multiple verticals Phase One Encompasses TradFi products including equities, derivatives Multi-Asset Platform and options to drive client activity and broaden engagement
Slide 6: We API to ourselves - treating our own offices like B2B partners
We API to ourselves - treating our own offices like B2B partners Devolution driving strong performance and growth through localised decision-making Regional offices enabled to tailor products, platforms and marketing strategies to local market dynamics and competition Offices can negotiate instituti
Slide 7: Financial Update
Financial Update John Cubbin Interim Head of Finance HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 07
Slide 8: 5% uplift in Net Operating Income with 77% increase in dividend per share
Financial Update 5% uplift in Net Operating Income with 77% increase in dividend per share Net Operating Income (£m) 23% Net Operating Income CAGR 5% £186.2 Million 186.2 177.4 Total Operating Expenses 122.6 10% £136.5 Million HY 2025 HY 2026 HY 2024 EBITDA (5%) £57.1 Million Group Profit Before Tax
Slide 9: Income Statement
Financial Update Income Statement Net Operating Income Net operating income up 5% with increases in trading and investing net Group (£M) H1 2026 H1 2025 YoY % revenues Record half-year for Australian stockbroking with net operating income of Net Trading Revenue 8 13 .1 131.3 5% AUD$65.9 million (HY
Slide 10: Underlying costs in line with internal expectations
Financial Update Underlying costs in line with internal expectations Total operating expenses up 10%, driven by the additional provision for margin Total Operating Expenses (£M) H1 2026 H1 2025 YoY % netting in Australia and targeted investment to support growth across our three verticals Fixed Remu
Slide 11: Outlook
Outlook Momentum across core segments with clear visibility on income and strategic investments to support long-term value creation Growth Verticals Net Operating Income Costs & Investment B2B API segment expanding with a strong Momentum has accelerated across the Efficiency initiatives continue to
Slide 12: Strategic Update
Strategic Update Laurence Booth Global Head of Capital Markets HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 12
Slide 13: Becoming the go-to multi-asset platform across Web3 and TradFi
Strategic Update Becoming the go-to multi-asset platform across Web3 and TradFi Bridging traditional finance and Web3 to power the next era of trading and investing HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 13
Slide 14: Digital Assets (Web3)
Digital Assets (Web3) CMC | StrikeX - Building CMC’s Third Vertical: Tokenisation, Stablecoin Infrastructure and Decentralised Finance Establishing a regulated, scalable infrastructure for tokenised assets, and DeFi participation HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 14
Slide 15: PTAS & B2B Update
PTAS & B2B Update Laurence Booth Global Head of Capital Markets HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 15
Slide 16: PTAS & B2B update
PTAS & B2B update Multiple partnerships won within the period with a healthy pipeline of future opportunities: technology, experience, reputation and future state are key drivers to winning business Deals Won Deal Pipeline Strong Stable Strategic partnerships secured with major Stable near-term outl
Slide 17: Westpac and CMC extend strategic relationship in Australia
Westpac and CMC extend strategic relationship in Australia Westpac stockbroking – powered by CMC’s proven white label offering 13 Million A$39 Billion Westpac banking Assets under customers administration 500,000 ≈ 45% Increase Westpac share-trading in CMC domestic customers turnover volumes A growi
Slide 18: Evolution of CMC Markets Stockbroking in ANZ
Evolution of CMC Markets Stockbroking in ANZ Continual innovation with leading expertise in white label integrations HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 18
Slide 19: D2C Update
D2C Update Laurence Booth Global Head of Capital Markets HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 19
Slide 20: Australia Invest
Australia Invest Record H1 Net Operating Income driven by strong growth momentum across key metrics $66m $91bn 46,000 AUD AUD of Net Operating Income, in AuA, up 14% New accounts up up 34% vs H1 2025 vs H1 2025 42% vs H1 2025 Strong pipeline of new partnerships and product launches set to drive furt
Slide 21: UK Invest
UK Invest Momentum building across Cash ISA and new retail partnerships £300m+ JISA launch imminent Peak Cash Junior ISA set to complement Innovative product ISA AuA Cash ISA and broaden development for millions customer reach of UK consumers Cash ISA and upcoming Junior ISA set to anchor further gr
Slide 22: Wrap Up
Wrap Up Lord Peter Cruddas Founder & CEO HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 22
Slide 23: Wrap Up
Wrap Up Three vertical model delivering results with more to come , … D2C Offering Platform Technology as a Service DeFi & Web3 Capabilities Record half-year for Australian Transformative Westpac deal agreed First tokenised share trade completed stockbroking business Explosive growth of neobank API
Slide 24: In this section
In this section 25 Appendix 1: Income Statement 26 Appendix 2: Balance Sheet 28 Appendix 3: Group own funds resources and requirements 29 Appendix 4: Group funding sources and liquid assets HY 2026 Results | CMC Markets PLC. | CMCMarkets.com/group 24
Slide 25: Appendix 1: Income Statement
Appendix 1 Income Statement Group (£M) H1 2026 H1 2025 Revenue 176.8 164.8 Interest Income on Own Funds 9.3 9.5 Interest on Client Funds 10.6 13.9 Total Revenue 196.7 188.2 Introducing Partner Commissions and Betting Levies (10.6) (10.9) Net Operating Income 186.2 177.4 Operating Expenses (136.0) (1
Slide 26: Appendix 2: Balance Sheet
Appendix 2 Balance Sheet Group (£M) 30 Sep 2025 31 Mar 2025 Intangible Assets 32.3 29.0 Property, Plant and Equipment 29.2 24.2 Deferred Tax Assets 7.7 5.3 Non-current Assets Financial Investments 18.2 30.4 Trade and Other Receivables 3.3 1.8 Investments in Associate - - Total Non-current Assets 90.
Slide 27: Appendix 2: Balance Sheet cont.
Appendix 2 Balance Sheet cont. Group (£M) 30 Sep 2025 31 Mar 2025 Trade and Other Payables 284.4 253.6 Amounts Due to Brokers 3.7 12.2 Derivative Financial Instruments 24.8 16.2 Obligations Under Repurchase Agreements - 7.5 Current Liabilities Lease Liabilities 3.9 3.1 Current Tax Payable 1.0 1.8 Pr
Slide 28: Appendix 3: Group own funds resources and requirements
Appendix 3 Group own funds resources and requirements Group (£M) 30 Sep 2025 31 Mar 2025 Common Equity Tier 1 Capital Before Regulatory Adjustments1 418.0 412.4 Less: Regulatory Adjustments2 (69.5) (48.7) Common Equity Tier 1 Capital After Regulatory Adjustments 348.5 363.7 Own Funds Requirement (“O
Slide 29: Appendix 4: Group funding sources and liquid assets
Appendix 4 Group funding sources and liquid assets £M 30 Sep 2025 31 Mar 2025 Cash and Cash Equivalents 222.4 247.7 Amount Due From Brokers 138.3 140.0 Financial Investments 267.9 111.0 Undrawn Facility 55.0 55.0 Total Available Liquidity 683.6 553.7 Less: Blocked Cash (75.8) (74.0) Less: Initial Ma
Slide 30: HY 2026 Results
Certain statements in this presentation constitute or may constitute forward-looking statements. Any statement in this presentation that is not a statement of historical fact including, without limitation, those regarding the Company’s future expectations, operations, financial performance, financia