Marex Group (MRX) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, March 3, 2026 astatine 9:37 AM CST 39 min read

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Tuesday, March 3, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Ian Lowitt

• Chief Financial Officer — Crispin Robert Irvin

• Chief Strategy Officer — Paolo Tonucci

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Ian Lowitt: Good morning, and invited to our 4th fourth and afloat twelvemonth 2025 net call. 2025 was a twelvemonth of continued maturation for Marex Group plc. We delivered different twelvemonth of grounds fiscal performance, with gross of implicit $2,000,000,000. Over the past 5 years, we person accrued profitability sevenfold, from $61,000,000 successful 2020 to $418,000,000 successful 2025. We person done this by broadening our merchandise offering crossed our 4 interconnected services, expanding geographically and combining integrated maturation with targeted M&A. Acquiring, integrating, and scaling businesses is embedded successful the DNA of Marex Group plc, enabling america to adhd clients, deepen relationships crossed products, plus classes, and geographies.

Our level and enactment are hard to replicate, expanding further the precocious barriers to introduction we payment from successful our industry. The results we are reporting contiguous show that our strategy is effectual and continues to present worth for our shareholders. On descent four, you spot that we closed the twelvemonth with grounds profitability successful the 4th quarter. Revenues grew 38% from $416,000,000 to $572,000,000 and adjusted nett earlier taxation accrued 41% to $115,000,000. We grew EPS by 50% to $1.14 per share. Pleasingly, this show was not driven by an idiosyncratic marketplace event, but by broad-based spot crossed the firm. Full twelvemonth gross grew 27%, from $1,600,000,000 to conscionable implicit $2,000,000,000, and adjusted PBT accrued 30% to $418,000,000.

Profit aft taxation accrued astatine a faster rate, benefiting from an improved effectual taxation rate, which declined from 26% to 25%, reflecting our evolving geographic mix. Full twelvemonth EPS grew 39% to $4.12. We experienced maturation crossed each our segments, with continued spot and lawsuit equilibrium maturation successful Clearing, beardown show successful Agency and Execution driven successful peculiar by Prime, which I volition travel backmost to, arsenic good arsenic bully momentum successful Market Making and Hedging and Investment Solutions. In Clearing, mean lawsuit balances accrued implicit the twelvemonth by 18% to $14,000,000,000 successful the 4th quarter, with balances increasing steadily 4th by quarter. We proceed to execute our M&A strategy, strengthening net done disciplined integration and improvement of caller acquisitions.