CMC Markets annual report confirms company’s growth, no mention of an IPO


British multi asset CFD and spread betting company CMC Markets has just released its full report for the fiscal year to March 31, 2015, with the numbers in tune with earlier announced financial highlights. That is, the company saw some steep rise in revenues and solid profits during the year.

Let’s review some of the key metrics, as per the final report:

  • Annual underlying profit before tax amounted to £51.9 million, up 61% from fiscal year 2014;
  • Net operating income rose 18% year-on-year to £143.6 million;
  • After exceptional items, profit before tax was £43.5 million, a 35% rise on prior year;
  • At 31 March 2015 own funds stood at £141 million, and the capital ratio was 24% (301% pre CRD IV).

Regional performance

Across regions, the UK is still CMC Markets’ largest market, with UK revenue per client up 33% year-on-year, while overall UK revenue increased by 46%. The ANZ region also delivered solid growth for the group, with revenues there rising by 24%.

European regions were also resilient during the year, accounting for 33% of the Group’s revenue. Rest of World (Singapore and Canada) revenue was 13% higher than a year earlier.

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The Road Ahead

CMC Markets reiterates its commitment to further develop its Next Generation platform. In addition, its white label (branded platform for introduced business) offering is set to be released this year to complement the existing grey label (unbranded platform for introduced business) offering, providing an additional channel through which to offer Next Generation trading platforms.

The Group will also be expanding its product base by offering binaries and options in some regions.

The IPO?

Interestingly, CMC Markets made no mention of IPO plans in this document.

This strikes a contrast note with the preliminary report, as Group CEO Peter Cruddas stated then that “the Board have decided to prepare CMC Markets for a London Stock Exchange listing and we are appointing investment banks to assist in the process.”

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To view CMC Markets’ full report for the fiscal year to March 31, 2015, click here.

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CMC Markets annual report confirms company's growth, no mention of an IPO

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