Page 1

CIIIC cmc markets Q1 2022 Trading Update Released : 29 07 2021 07:00 RNS Number : 8270G CMC Markets Plc 29 July 2021 29 July 2021 Q1 2022 Trading Update Sustained performance underpinned by enlarged client base and high client income retention CMC Markets Plc ( " CMC " or the " Group " ) , a leading global provider of online trading and institutional ( " B2B " ) platform technology solutions , today issues a trading update for the period from 1 April 2021 to 30 June 2021 ( " Q1 2022 " or the " period " ) . Trading Update In Q1 2022 , CMC has continued to perform well . Although it is still early in the year , overall monthly active client numbers remain at similar levels as reported in 2021 , which were up around a third from pre - pandemic levels . As previously stated , whilst client trading activity has moderated from average FY 2021 levels our latest client cohort continues to show characteristics similar to those of clients onboarded over prior years . In addition , client income retention remained in excess of 80 % , but below the levels reported for FY 2021 , as previously guided . Q1 2022 operating costs track moderately higher year over year as guided due to a higher headcount , specifically talent for our new non - leveraged investment platform . CMC Markets Plc The Group continues to have confidence in the robust underlying performance of the business and in conjunction with further progress on its strategic initiatives , including the ongoing development of the non - leveraged investment platform , looks forward to continuing to generate long - term business growth and value . As a result , the Board remains confident in achieving net operating income in excess of £ 330 million for FY 2022 . Lord Cruddas , Chief Executive Officer , commented : " I'm pleased with our start to this financial year following a record FY 2021. The team is focused on continuing to provide an excellent service to our clients , both in terms of uptime and providing an innovative , market - leading platform . I remain confident in the outlook for CMC as we continue to make progress with our strategic initiatives as set out in our recent full year results and I look forward to updating the market further on these at our half year results later this year . " Forward looking statements This trading update 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 . Enquiries CMC Markets Plc James Cartwright , Investor Relations Euan Marshall , Chief Financial Officer Camarco Geoffrey Pelham - Lane Ed Gascoigne - Pees Jennifer Renwick Notes to Editors investor.relations@cmcmarkets.com +44 ( 0 ) 20 3757 4994 CMC Markets Plc ( " CMC " ) , whose shares are listed on the London Stock Exchange under the ticker CMCX ( LEI : 213800VB75KAZBFH5U07 ) , was established in 1989 and is now one of the world's leading online financial trading businesses . The