CMC Markets plc (CMCX) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.583 -- 00:00:07.012 Good morning and thank you for joining CMC's half year 2025 00:00:07.012 -- 00:00:09.653 results presentation. 00:00:10.097 -- 00:00:15.586 On the call with me today is our Chief Financial Officer Albert Solomon 00:00:15.586 -- 00:00:20.434 and Deputy Chief Executive Officer David Feinberg. 00:00:20.434 -- 00:00:26.525 I will begin this morning's presentation with a brief overview of some of the key highlights 00:00:26.525 -- 00:00:32.270 from the half year before handing over to Albert and David, who will cover the financial, 00:00:32.270 -- 00:00:36.914 operational and strategic highlights in more detail. 00:00:36.914 -- 00:00:42.019 I will then finish with a summary of our strategic outlook before we take your 00:00:42.019 -- 00:00:44.019 questions. 00:00:44.021 -- 00:00:50.707 It has been a strong start to the year for the group as our strategic focus on diversification 00:00:50.707 -- 00:00:54.892 and expansion continues to drive the business forward. 00:00:54.892 -- 00:01:00.697 Net operating income for the year is up 45% at £177 00:01:00.979 -- 00:01:02.641 million, 00:01:02.641 -- 00:01:07.067 and our profit before tax rose to £49.6 00:01:07.067 -- 00:01:12.674 million, with a significant year-on-year increase in our profits 00:01:12.674 -- 00:01:17.137 before tax margin, which came in at 28%. 00:01:18.112 -- 00:01:23.278 This strong financial performance is extremely pleasing to see and 00:01:23.278 -- 00:01:28.643 is early evidence that our diversification strategy and focused efforts 00:01:28.643 -- 00:01:34.570 to improve margins and profitability are having good effect. 00:01:34.570 -- 00:01:39.815 This half year has also been characterized by continued technological 00:01:39.815 -- 00:01:44.941 innovation, which has r...