Cmc Markets Plc · LSE:CMCX
Cmc Markets — FY2025 Earnings Presentation
35 slides from Cmc Markets's earnings presentation, Jun 5, 2025
Slide 1: FY 2025 Results Presentation
FY 2025 Results Presentation Lord Peter Cruddas David Fineberg Founder & CEO Deputy CEO Laurence Booth Matthew Lewis Head of capital markets Head of ANZ Contents 02 Future State 021 D2C Update 07 Financial Update 026 Wrap Up 013 Strategic Update 029 Appendices 018 PTAS & B2B Update FY 2025 Results |
Slide 2: Future State: Successful two vertical approach
Future State Successful two vertical approach spans global client base with broad revenue streams The go-to platform for multi-asset trading, investment products, Third vertical and institutional-grade technology solutions across two core verticals Loading Direct to Consumer Platform Tech as a Servi
Slide 3: Adding a third vertical to transform CMC
Future State Adding a third vertical to transform CMC and the future of multi- asset trading Optimising and Expanding Two Core Verticals Third Vertical to Redefine Future State Direct to Consumer Platform Tech as a Service DeFi & Web 3.0 Capabilities Best-in-class multi asset trading Institutional g
Slide 4: Traditional financial ecosystem is changing due to Web 3.0
Future State Traditional Financial ecosystem is changing due to advent of Web 3.0 Web 3.0: A Natural Convergence of DeFi Infrastructure: Merging lines between Extension of CMC TradFi and DeFi The Backbone of Web 3.0 asset classes More efficient, accessible, and Blending blockchain innovation Transpa
Slide 5: DeFi and Web 3.0 is a natural evolution for CMC
Future State DeFi and Web 3.0 is a natural evolution for CMC “Always On” 24/7 Trading Tokenisation of Everything Web 3.0 enables continuous, borderless trading – extending Building on our multi-asset trading expertise, Web 3.0 enables our commitment to seamless global market access tokenisation, unl
Slide 6: Becoming the go-to multi-asset platform across Web 3.0 and TradFi
Future State Becoming the go-to multi-asset platform across Web 3.0 and TradFi Initiatives Currently Live FY 2026 In-Flight Initiatives 24/7 crypto trading adding 104 trading days per year Tokenised private equity and fractional fund access StrikeX acquisition completed May 2025 Smart contract power
Slide 7: Financial Update
Financial Update David Fineberg Deputy CEO FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 07
Slide 8: 12% uplift in EBITDA and strong growth in profitability
Financial Update 12% uplift in EBITDA and strong growth in profitability Net Operating Income (£m) Net Operating Income 9% +2% CAGR £340.1 Million 332.8 340.1 Operating Expenses (2)% 288.4 £250.0 Million FY 2025 FY 2023 FY 2024 Underlying EBITDA £103.4 Million +12% Profit Before Tax Group Profit Bef
Slide 9: Income Statement
Financial Update Income Statement Net Operating Income Group (£M) FY 2025 FY 2024 YOY % _ Net operating income up 2J _ Record year in Australian stockbroking driving 31% increase in investing Trading Net Revenue 248.9 259.1 (4)% net revenuS Investing Net Revenue 44.4 34.0 31% _ Treasury Management a
Slide 10: Strong cost discipline embedded throughout the organisation
Financial Update Strong cost discipline embedded throughout the organisation M Operating expenses decreased by 2% year-on-year, supported by Operating expenses (£M) FY 2025 FY 2024 YOY % reductions in staff costs, premises costs and sales & marketing costs Fixed Remuneration 93.9 101.5 (7)% Variable
Slide 11: Cost plans set to deliver further efficiencies while reinvesting for growth
Financial Update Cost plans set to deliver further efficiencies whilst continuing to reinvest for growth Reinvestment for growth £250M ¡ Total Opex expected to remain stable or moderately rise as we invest in scalable initiatives to drive long-term value £ £ ¡ Growth reinvestment aligned with strate
Slide 12: Delivering returns and driving growth towards three vertical future state
Financial Update Delivering returns and driving our growth towards the three vertical future state Delivering Consistent Shareholder Returns _ Prioritise paying dividends in line with 50% of after-tax profitW _ Share buybacks considered where appropriatS Shareholder Returns _ Commitment to sustainab
Slide 13: Strategic Update
Strategic Update Laurence Booth Head Of Capital Markets FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 013
Slide 14: Tokenisation: The future of trading and investing
Strategic Update Tokenisation: The future of trading and investing Current Market Challenge The Barriers of Traditional Investing Access to traditional equity markets remains slow, costly, and restricted The New Financial Era Revolutionary Tech for a Digital World Tokenised equities offer digital re
Slide 15: Multi-asset wallet: The gateway to tokenisation
Strategic Update Multi-asset wallet: The gateway to tokenisation Bridging Traditional and Decentralised Finance A core pillar of CMC’s third vertical strategy, enabling the convergence of TradFi and DeFi All-in-One Asset Wallet Being developed as a unified wallet experience to hold and trade all ass
Slide 16: StrikeX: Majority stake to accelerate digital asset ambitions
Strategic Update StrikeX:Ma ority stake to accelerate digital asset ambitions j Unlocking the Third Vertical Strategic investment in StrikeX gives CMC scalable access to DeFi and Web3.0 and is a key step in the development of our third vertical Native Crypto Capability Embedded Brings native crypto
Slide 17: Becoming the go-to multi-asset platform across Web 3.0 and TradFi
Strategic Update Becoming the go-to multi-asset platform across Web 3.0 and TradFi Bridging traditional finance and Web 3.0 to power the next era of investing FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 017
Slide 18: PTAS & B2B Update
PTAS & B2B Update Laurence Booth Head Of Capital Markets FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 018
Slide 19: Driving B2B growth with new strategic partnerships and healthy pipeline
PTAS & B2B update Driving B2B growth with new strategic partnerships and healthy pipeline Deals Won Deal Pipeline Stable Stable Strategic partnerships secured with Stable near-term outlook with a strong long-term major names in fintech and banking pipeline across multiple regions and verticals FY 20
Slide 20: Expanding reach through strategic partnerships with banks and fintechs
PTAS & B2B update Expanding our reach through strategic partnerships with leading banks and fintechs Longstanding track Recent mandates have Momentum building Future pipeline focused record delivering white- significantly enhanced with increasing inbound on scaling with high- labelled solutions for
Slide 21: D2C Update
D2C UPDATE Matthew Lewis Head Of ANZ FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 021
Slide 22: Clear catalysts for growth
D2C Update Clear catalysts for growth Evolving Market Expanding Product Looking Landscape Access & Reach Innovation & Ahead Engagement High levels of macroeconomic Bermuda licence approved – Growing appetite for 24/7 Market conditions remain and geopolitical uncertainty unlocking access to a broader
Slide 23: Robust international trading growth for Australia Invest
D2C Update Robust international trading growth for Australia Invest with substantial upside potential 37% 50K+ 1 in 5 Of investing revenue Active investors traded Of our new investors start with generating from international international shares in international shares, and this trading, up 13% YoY
Slide 24: Crypto trading gaining momentum with growing mainstream acceptance
D2C Update Crypto trading gaining momentum with growing mainstream acceptance of digital assets Early-Adopter Advantage Enabling Growth Supportive Market Fundamentals A$14 Billion+ 6M+ Australians have traded crypto, with A$14B+ held on local exchanges1 Crypto Turnover Crypto Holdings US$2.7 Trillio
Slide 25: Strong early traction from UK flexible Cash ISA
D2C Update Strong early traction from UK flexible Cash ISA Launched November 2024 Opportunity to Scale Launched November 2024 as part of the Invest UK Opportunity to scale Cash ISA offering further as part platform, delivering an attractive 5.70% yield of a broader long-term digital wealth propositi
Slide 26: Wrap Up
Wrap up Lord Peter Cruddas Founder & CEO FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 026
Slide 27: A strong leadership team to deliver the next phase of growth
Wrap Up A strong leadership team to deliver the next phase of our growth Lord Peter Cruddas David Fineberg Laurence Booth Matthew Lewis Christine Romar Jon Bendall Chris Forbes Richard Freeman Founder & CEO Deputy CEO Head Of Capital Markets Head Of ANZ Head Of Europe COO Head Of Asia Head Of Tradin
Slide 28: Three vertical model defining future of multi-asset trading
Wrap Up Three vertical model defining future of multi-asset trading D2C Offering Platform Tech as a Service DeFi & Web 3.0 Capabilities ¢ Seamless 24/7 market access across all ¢ Institutional-grade technology powering ¢ Strategic investment in StrikeX to major asset classes fintech leaders’ platfor
Slide 29: Appendices
In this section 030 Appendix 1: Income Statement 031 Appendix 2: Balance Sheet 033 Appendix 3: Group own funds resources and requirements 034 Appendix 4: Group funding sources and liquid assets FY 2025 Results | CMC Markets PLC. | CMCMARKETS.COM/GROUP 029
Slide 30: Appendix 1: Income Statement
Appendix 1 Income Statement Group (£M) FY 2025 FY 2024 Revenue 317.6 324.7 Interest Income on Own Funds 18.5 11.2 Interest on Client Funds 24.0 23.8 Total Revenue 360.1 359.8 Introducing Partner Commissions and Betting Levies (20.0) (27.0) Net Operating Income 340.1 332.8 Operating Expenses 250.0 (2
Slide 31: Appendix 2: Balance Sheet
Appendix 2 Balance Sheet Group (£M) 31 March 2025 31 March 2024 Intangible Assets 29.0 28.9 Property, Plant and Equipment 24.2 28.5 Deferred Tax Assets 5.3 6.2 Non-current Assets Investments in Associate - 2.5 Financial Investments 30.4 - Trade and Other Receivables 1.8 2.8 Total Non-current Assets
Slide 32: Appendix 2: Balance Sheet cont.
Appendix 2 Balance Sheet cont. Group (£M) 31 March 2025 31 March 2024 Trade and Other Payables 253.6 272.8 Amounts Due to Brokers 12.2 7.0 Derivative Financial Instruments 16.2 7.1 Obligations Under Repurchase Agreements 7.5 - Current Liabilities Lease Liabilities 3.1 4.9 Current Tax Payable 1.8 2.1
Slide 33: Appendix 3: Group own funds resources and requirements
Appendix 3 Group own funds resources and requirements Group (£M) 31 March 2025 31 March 2024 Common Equity Tier 1 Capital Before Regulatory Adjustments1 412.4 383.1 Less: Regulatory Adjustments2 (48.7) (43.0) Common Equity Tier 1 Capital After Regulatory Adjustments 363.7 340.1 Own Funds Requirement
Slide 34: Appendix 4: Group funding sources and liquid assets
Appendix 4 Group funding sources and liquid assets Group (£M) 31 March 2025 31 March 2024 Equity 418.0 403.5 Obligations Under Repurchase Agreements 7.5 - Title Transfer Funds 117.7 119.6 Total Available Funding 543.2 523.1 Less: Non-current Assets Net of Liabilities (47.0) (53.4) Less: Other Non-li
Slide 35: Forward-looking statements disclaimer
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