CMC Markets Reports Strong Results for H1 2023, Achieves 21% YoY Jump in Net Operating Income

CMC Markets, a leading global provider of online trading and institutional (B2B) platform technology solutions, today releases its interim results for six months ended 30 September 2022, reporting a net operating income of £153.5 million.

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The operating income for the half year was 21 percent higher compared to the previous year's £126.7 million. The trading net revenue was £128.4 million, increasing 27 percent from £101.0 million in H1 2022, while the investing net revenue slipped 14 percent on a yearly basis to £20.8 million.

The pre-tax profits of the group came in at £36.6 million, which is slightly higher from the profits generated in the first half of the previous financial year. In addition, basic earnings per share climbed 6 percent to 10.2 pence from 9.6 pence.

However, the number of trading active clients slipped by 7 percent year-over-year to 50,199 and the number of investing active clients slipped by 11 percent to 164,632.

Lord Cruddas, Chief Executive Officer, commented:"I am pleased to report another strong performance for the first six months of the year. We saw an acceleration in activity across FX and commodities in addition to the normal activity across our index flow during a period of heightened focus on monetary policy action around the globe and a pickup in market volatility and trading volumes."

CMC Markets plans to launch CMC Invest Singapore by the end of FY 2023, complementing the business in Australia.