CMC Markets Expects H1 2022 Net Operating Income to Be £126 Million

CMC Markets recently released a pre-close trading update for the first half of the fiscal year 2022, from April through September 2021. The leading multi-asset broker is expecting to generate a net operating income of approximately £126 million.

CMC also reiterates its prior guidance and expects FY 2022 net operating income to settle in a range between £250-280 million.

Other highlights include:

• H1 2022 leveraged gross client income is expected to be approximately £127 million (H1 2021:£174 million).

• H1 2022 leveraged net trading revenue is expected to be approximately £100 million (H1 2021:£200 million).

• H1 2022 non-leveraged net trading revenue is expected to be approximately £24 million (H1 2021: £26 million) representing 19% of Group net operating income versus 11% in H1 2021.

Furthermore, during September 2021, CMC announced the acquisition of over 500,000 Share Investing clients from ANZ, bringing to an end the existing white label partnership. Ownership of these clients will continue to support multi-year growth in the region and remains core to the company's non leveraged growth strategy.

“We are on a fast track to diversification, using our existing platform technology to win B2B and B2C non- leveraged business. This will be further boosted with the launch of our new UK investment platform, which will offer both B2C and B2B potential. We look forward to updating you more in our H1 results on 17th November 2021,” commented Lord Cruddas, Chief Executive Officer at CMC Markets.