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Mar 31
Marex Group plc Q1 2025 Earnings Report
Marex Group plc reported a strong Q1 2025, with significant growth in revenue and earnings.
Key Takeaways
Marex delivered a robust performance in Q1 2025 with a 28% increase in revenue and a 66% surge in profit before tax, supported by strong client activity and growth across all business segments.
Adjusted profit before tax rose 42% to $96.3 million.
Revenue grew 28% year-over-year to $467.3 million.
Net income climbed to $72.5 million, up from $43.6 million.
Agency & Execution revenue surged 42%, driven by Prime Services and Securities.
Marex Group plc
Marex Group plc
Marex Group plc Revenue by Segment
Revenue by Segment
Clearing Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
Marex expects to maintain strong performance through continued client activity, strategic acquisitions, and a resilient funding base.
Positive Outlook
- Strong demand for follow-on equity offering increased public float to ~70%
- Maintained record levels of liquidity
- Operational resilience shown during high-volume April trading days
- Completed Aarna Capital acquisition to expand Middle East footprint
- Issued $500M in senior unsecured notes to diversify funding
Challenges Ahead
- Revenue in Hedging Solutions declined due to lower agri volatility
- Corporate segment posted a $44.9M loss before tax
- Decrease in interest income from house cash balances
- Adjusted Profit Before Tax Margin in Clearing fell to 47% from 49%
- Potential impact of global tariffs on base metals noted in Market Making