2022 net operating income at top end of guidance. Embarking on new phase of diversification. Targeting 30% net operating income growth over three years.
|For the year ended £ million (unless otherwise stated)||31 March 2022||31 March 2021||Change %||31 March 2020||Change %|
|Net operating income||281.9||409.8||(31%)||252.0||12%|
|Leveraged net trading revenue (£ million)||229.6||349.2||(34%)||214.5||7%|
|Non-leveraged net trading revenue (£ million)||48.0||54.8||(12%)||31.8||51%|
|Other income (£ million)||4.3||5.8||(25%)||5.7||(24%)|
|Profit before tax (£ million)||92.1||224.0||(59%)||98.7||(7%)|
|Basic earnings per share (pence)||24.8||61.5||(60%)||30.1||(18%)|
|Dividend per share (pence)||12.4||30.6||(60%)||15.0||(18%)|
|Leveraged gross client income (£ million)||288.5||335.3||(14%)||240.6||20%|
|Leveraged client income retention||80%||104%||(24%)||89%||(9%)|
|Leveraged active clients (numbers)||64,243||76,591||(16%)||57,202||12%|
|Leveraged revenue per active client (£)||3,575||4,560||(22%)||3,750||(5%)|
|Non-leveraged active clients (numbers)||246,120||232,053||6%||181,630||36%|
“I am delighted to report another year of impressive performance from both a strategic and financial standpoint. Excluding the exceptional COVID-19 impacted prior year, which due to market volatility saw unusually significant trading volumes, this is a record net operating income result for the Group.
Over the last year we have taken steps to define the strategic direction and diversification of the Group, building on our existing technology to launch a new investment platform that will unlock significant shareholder value and challenge the existing client transaction fee cost structures.
There is significant opportunity and growth potential in the self‑directing investment platform space, especially in the UK, not just for improved technology but also transaction costs and fees. We believe commissions, execution spreads and custodial fees are too high and too expensive for retail investors. We will utilise our platform technology, including pricing and execution, to drive down the transaction costs of investments for retail clients, just like we did in Australia, where we are the number two investment platform for retail investors.
The business is evolving. We continue to improve and grow our existing leveraged business whilst at the same time utilising our technology to enter new markets and expand our non-leveraged offering.
I look forward to providing further updates as the strategy expands over both the short and long-term.”
A presentation will be held for equity analysts and investors today at 10.00 a.m. (BST), note questions will only be taken over the conference call line.
A live audio webcast of the presentation will be available via the following link: https://webcasts.cmcmarkets.com/results/2022fullyear
Alternatively, you can dial into the presentation by registering via the following link: https://webcasts.cmcmarkets.com/results/2022fullyear/vip_connect
A copy of the CMC Markets plc (the “Company”) Annual Report and Financial Statements for the year ending 31 March 2022 (the “2022 Annual Report and Financial Statements”) is available within the Investor Relations section of the Company website http://www.cmcmarkets.com/group/results/annual-reports
Pursuant to Listing Rule 9.6.1 the Company has submitted a PDF of the 2022 Annual Report and Financial Statements to the National Storage Mechanism which will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A version in single electronic reporting format will be uploaded in due course and the Company will make a further announcement when this is available.
In compliance with The Disclosure Guidance and Transparency Rules (DTR) 6.3.5, the information in the document below is extracted from the Company’s 2022 Annual Report and Financial Statements. This material is not a substitute for reading the 2022 Annual Report and Financial Statements in full and any page numbers and cross references in the extracted information below refer to page numbers and cross-references in the 2022 Annual Report and Financial Statements.
|Friday 29 July 2022||Q1 2023 trading update|
|Friday 7 October 2022||H1 2023 pre-close trading update|
|CMC Markets Plc|
|James Cartwright, Investor Relations||[email protected]|
|Euan Marshall, Chief Financial Officer||[email protected]|
|Geoffrey Pelham-Lane / Jennifer Renwick||020 3757 4994|
(LEI: 213800VB75KAZBFH5U07), was established in 1989 and is now one of the world's leading online financial trading businesses. The company serves retail and institutional clients through regulated offices and branches in 12 countries, with a significant presence in the UK, Australia, Germany and Singapore. The Group offers an award-winning, online and mobile trading platform, enabling clients to trade over 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference ("CFDs") and financial spread bets (in the UK and Ireland only). Clients can also place financial binary bets through Countdowns and, in Australia, access stockbroking services. More information is available at http://www.cmcmarkets.com/group/
This announcement and Appendix may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.