CMC Markets plc

Good morning, everyone, and welcome to our financial year 2026 results presentation. My name is Peter Cruddas, and joining me today is Lawrence Booth, Director and Global Head of Capital Markets, David Feinberg, Head of Strategic Partnerships, Matt Lewis, Head of ANZ. I will start by giving an overview of where CMC is as a business today and why I believe we are entering a very exciting new phase of growth. Lawrence will then cover the financial headlines and our strategic progress across the group. David will provide the detail behind the numbers. Matt will provide an update on our Australian stockbroking business. And then finally, I will then come back at the end to wrap up. Before we move on, I want to show you a short video introducing our new brand identity. Over the last few years, CMC has evolved significantly. We've built new partnerships, expanded our product offering, entered new markets and transformed the shape of the business. We felt it was important that our brand evolved alongside us. This video gives you a flavour of where CMC is today and more importantly, where we're heading next. Let's take a look.

For over 35 years, we've been building. From trading to investing, to powering financial institutions, to new markets yet to be discovered. Because markets don't stand still, and neither do we. In a world of change, one thing remains constant. Financial decisions can feel complex, fragmented, uncertain. People want confidence. confidence to make the right decisions confidence to build their financial future now we're bringing everything together one platform one experience welcome to the new era of cmc markets Professional grade technology, trusted execution, premium service, ready for what comes next. ZMC Markets, always moving forward.

I think that video captures an important point. The business has evolved significantly over recent years, and in many respects, our new brand is simply catching up with the company we have become. CMC today is a very different business from the one many people still associate us with. We are no longer just a traditional retail CFD provider. CMC is now a platform business built for multi-asset trading and institutional partnerships. Revenue is driven by B2B and wholesale. We have diverse multi-asset financial platforms. We are trusted by major banks and brokers, and we have reliable proprietary technology infrastructure that has been built over many years. This gives us multiple earning streams across trading, investing, treasury, institutional clients and partnerships. Importantly, the scale and profitability of our institutional and B2B business now gives us the ability to reinvest back into retail, brand and client acquisition. That is a major strategic advantage for CMC today, as the strength and consistency of our B2B business gives us the capability to increase investment in our retail platforms and global brand. Lawrence will speak more about this shortly, but this is the combination I want people to understand. CMC today has institutional scale and diversified earnings with further opportunity in the retail space. This is a fundamentally different business model to many of our peers and one we have built over many years. A few years ago, we told the market that CMC was moving towards a more institutional partnership-led model. That is exactly where we have delivered. Revenue is driven by B2B and wholesale. Our neobank API partnership continues to scale in line with our strategic expectations and gives us access to more countries without significant investment. And we now have access to very large embedded client bases through these platforms. This is the power of our model. We are not acquiring clients one by one. We are integrating with large financial platforms and giving them the technology, products and risk infrastructure they need. That gives us reach, scale and operating leverage and it is a business model that is unchallenged and very difficult to replicate. This slide is very important because it explains how we think about partnerships. These are not simple supplier relationships. They are long-term strategic relationships where both sides benefit. CMC brings technology, infrastructure, execution, risk management and product expertise. Our partners bring trusted client relationships, distribution, local knowledge and financial strength to support our growth together. Together we build integrated financial ecosystems. That is why these relationships deepen over time. As we add more products, our partners can offer more to their clients. As their clients become more engaged, activity increases. As activity increases, both CMC and our partners benefit. It is a symbiotic model. It is shared growth. And every new capability we add strengthens and consolidates the relationship further. CMC has been building this platform for over 37 years. That matters. We've built something that you cannot replicate overnight. We have built proprietary technology across pricing, execution, risk management and connectivity. We have operated through multiple market cycles. We have been tested in extreme volatility. And most importantly, we have continued to deliver for clients and partners when markets are at their most challenging. That is why major financial institutions trust us. They need real time pricing, liquidity and execution. They need confidence that the platform will perform under pressure. But most importantly, they need a partner they can trust. That is what CMC provides and it is what we have done for 37 years. Quite simply, very few firms can do what CMC can do. Before I hand over to Lawrence, I would like to recap on some of what I have covered this morning. Our strategic position is very clear. We are no longer a traditional CFD provider. We have built this business through technology, infrastructure and partnerships. And today, leading financial institutions are choosing CMC because of the platform, capability and resilience we have built over many years. The operational reality now supports that strategy. Revenue is driven by B2B and wholesale. Our neobank API partnership continues to demonstrate exceptional and explosive growth, and we have 37 years of proprietary platform built behind us. And our product diversity and operational reliability have helped us secure tier one partnerships with major institutions, including ANZ Bank and most recently Westpac, Revolut and ASB Bank. This is no longer theory. This is now happening at scale. CMC has become an infrastructure layer sitting behind some very significant financial platforms globally. But importantly, the success of our B2B business is also now giving us the ability to refocus on retail, brand, and direct client acquisition once again. It is a very powerful position to be in. we now have the benefit of institutional scale and diversified earnings, while also investing back into the retail opportunity globally. I will now hand over to Lawrence, who will take you through some of our financial and strategic progress in more detail.