London based online trading provider CMC Markets plc (LON:CMCX) has issued a (very) brief trading update for its fiscal third quarter of FY2025 (or in calendar terms, October to December 2024), stating that the company remains on track to achieve annual net operating income in line with previous guidance.

CMC added that management remains confident in meeting its cost guidance of approximately £225 million, excluding variable remuneration and non-recurring charges.

CMC Markets shares took a 13% tumble in late November when the company released its most recent financial results and outlook, with the company’s guidance indicating that it expects Revenues in the second half of FY2025 (which ends on March 31, 2025) to be well below the first half of the year’s result of £177.4 million – which was already well below the previous period’s (2H-FY2024) £210.2 million, as per the chart below.

The full text of the announcement made this morning by CMC reads as follows:

23 January 2025

 CMC MARKETS PLC

(“CMC” the “Group” or the “Company”)

Q3 2025 Trading Update

CMC Markets Plc (“CMC” or the “Group”), a leading global provider of online retail (“D2C”) and institutional (“B2B”) platform technology, today issues a trading update for the period 1 October 2024 to 31 December 2024 (or the “period”).

Trading update

The Group remains on track to achieve annual net operating income in line with previous guidance.

Management also remains confident in meeting its cost guidance of approximately £225 million, excluding variable remuneration and non-recurring charges.