Marex Group plc (NASDAQ:MRX), a global financial services platform, saw its shares climb 9.45% in pre-market trading on Wednesday after reporting second-quarter results that exceeded analyst forecasts, led by strong gains in its Agency and Execution division.
The company posted adjusted earnings per share of $1.02 for the quarter, topping estimates of $0.93, while revenue rose 18% year-over-year to $500.1 million, beating the consensus expectation of $470.53 million. Agency and Execution revenues surged 59% to $260.8 million, with Securities up 80% and Energy increasing 31%, driving the overall growth.
“I am delighted with our very strong performance,” said Ian Lowitt, Group Chief Executive Officer. “The second quarter, at $106 million of Adjusted Profit Before Tax, was up 16% on Q2 of last year, which was a tough comparator as we benefited from unusually positive market making opportunities.”
Clearing revenue grew 12% to $138.8 million, while Market Making revenue fell 17% to $57.4 million compared to last year’s record quarter. The company reported a solid Return on Equity of 28% and a Reported Profit Before Tax margin approaching 21%.
Marex declared a quarterly dividend of $0.15 per share, payable on September 11, 2025, to shareholders of record on August 26, 2025.
Continuing its expansion strategy, Marex recently completed the acquisitions of Agrinvest, a Brazilian agricultural commodities business, and Hamilton Court Group, enhancing its FX capabilities in the EMEA region. The company also announced the purchase of Winterflood Securities on July 25, strengthening its UK cash equities operations.
The firm’s balance sheet remains robust, with total liquid resources of $3.4 billion as of June 30, 2025, up from $2.4 billion at the end of 2024, providing ample flexibility to support clients amid market volatility.
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