CMC Markets UK plc reported revenue of £298.6 million for the financial year ending March 31, 2024, a 12% increase from £266.6 million in the prior year, according to accounts filed with Companies House.
The online retail financial services provider posted profit before tax of £81.4 million, up 38% from £59.1 million in fiscal 2023. Profit after tax rose 29% to £65.9 million from £51 million in the previous year.
Net operating income increased to £293.3 million from £251.4 million, while operating profit climbed to £60.5 million from £49.1 million. The company recorded operating expenses of £220.5 million, compared with £201.9 million in the prior period.
Total revenue included CFD trading income of £263.8 million, up from £238.6 million, and management and service fees of £32.1 million, compared with £25.7 million previously. Interest income on own funds rose to £7.3 million from £2.6 million.
The company’s headcount grew to 583 employees on average during the year, up from 625 in fiscal 2023. Total assets stood at £635.8 million as of March 31, 2024, down from £659.1 million a year earlier.
CMC Markets UK plc is a wholly owned subsidiary of CMC Markets UK Holdings Limited, with CMC Markets plc serving as the ultimate parent company. The company is authorized and regulated by the Financial Conduct Authority to provide contracts for difference on shares, indices, foreign currencies, commodities and treasuries.
