Core Insights - Marex Group plc reported strong financial results for Q1 2025, with a 42% year-on-year increase in adjusted profit before tax, driven by robust client activity and positive market conditions [2][5][20] Financial Highlights - Revenue increased by 28% to $467.3 million compared to $365.8 million in Q1 2024 [4][13] - Profit before tax rose by 66% to $98.0 million, with profit after tax also increasing by 66% to $72.5 million [4][10] - Adjusted profit before tax reached $96.3 million, a 42% increase from $67.7 million in the previous year [4][20] - The profit before tax margin improved by 500 basis points to 21% [4][20] - Basic earnings per share increased by 63% to $0.98, while diluted earnings per share rose by 64% to $0.92 [4][20] Operational Performance - Agency and Execution segment saw revenue growth of 42% to $239.5 million, driven by strong performance in securities and energy [5][29] - Net trading income surged by 50% to $159.1 million, with significant contributions from various asset classes [15][20] - Net interest income also increased by 50% to $53.4 million, reflecting growth in average balances [16][20] Strategic Developments - The acquisition of Aarna Capital was completed, enhancing Marex's clearing presence in the Middle East [5][20] - A successful secondary equity offering was significantly oversubscribed, increasing the public float to approximately 70% [5][20] - The company issued $500 million in senior unsecured notes, diversifying funding sources and enhancing liquidity [5][20] Segment Performance - Clearing services revenue increased by 18% to $119.2 million, driven by higher net interest income [23][24] - The Agency and Execution segment's revenue rose by 42% to $239.5 million, with securities revenues growing significantly [29][31] - Market Making revenue increased by 27% to $52.9 million, with notable growth in securities revenues [34][35] - Hedging and Investment Solutions revenue grew by 9% to $45.0 million, driven by strong demand for financial products [41][42] Financial Position - Total equity increased by 7% to $1,046.2 million, reflecting strong profitability [47] - Total assets slightly increased to $24.4 billion, with a stable balance sheet consisting of high-quality liquid assets [48][49] - The Group maintained a total capital ratio of 243%, indicating significant capital headroom above minimum requirements [59][61]

Before Marex's initial public offering (IPO) on Nasdaq in April 2024, private equity shareholders including JRJ Group held around 96% of Marex stock. Following the IPO and two successful secondary follow-on offerings, private equity owners now hold around 30% of Marex stock. LONDON, May 15, 2025 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, announces today that Roger Nagioff has stepped down from the Group Board. Roger represented private equity inves ...

Core Viewpoint - Marex Group plc has successfully priced a public offering of $500 million in Senior Notes with a 5.829% interest rate, due in 2028, which will enhance its funding sources and support business expansion [1][2]. Group 1: Offering Details - The public offering consists of $500 million aggregate principal amount of Senior Notes, priced at 100% of the principal amount [1]. - The expected closing date for the offering is around May 8, 2025, pending customary closing conditions [2]. - The net proceeds from the offering will be utilized for working capital, funding growth, and other general corporate purposes [2]. Group 2: Management Commentary - Ian Lowitt, CEO of Marex, highlighted that the successful debt issuance diversifies funding sources and strengthens liquidity, allowing the company to better support its clients [2]. Group 3: Underwriters - Barclays, Goldman Sachs & Co. LLC, and Jefferies are acting as joint book-runners for the offering [2]. Group 4: Regulatory Compliance - The offering is made under Marex's existing effective shelf registration statement filed with the U.S. SEC, and will be conducted via a preliminary prospectus supplement and accompanying base prospectus [3].

Core Viewpoint - Fitch Ratings has revised the outlook of Marex Group plc's Long-Term Issuer Default Rating (IDR) to positive from stable, affirming its Long-Term IDR at 'BBB-' [1][2] Group Performance - The positive outlook reflects Marex's strong and growing earnings across variable market conditions, as well as the expansion and diversification of its franchise through both organic growth and bolt-on acquisitions [2] - Marex has well-managed liquidity and maintains an adequate buffer over regulatory capital requirements [2] Leadership Commentary - Ian Lowitt, CEO of Marex, stated that the positive outlook from Fitch highlights the strength and scalability of Marex's diversified global platform and its 10-year track record of sequential growth through various market environments [3] - The company's risk control framework is central to its strategy, adapting to the expanding business [3] Company Overview - Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform that provides essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets [4] - The Group offers a comprehensive range of services, including Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions, with a leading position in major metals, energy, and agricultural products [4] - Marex has access to 60 exchanges and serves a broad client base, including large commodity producers, consumers, traders, banks, hedge funds, and asset managers, with over 2,400 employees across more than 40 offices worldwide [4]

Core Viewpoint - Fitch Ratings has revised the outlook of Marex Group plc's Long-Term Issuer Default Rating (IDR) to positive from stable, affirming its Long-Term IDR at 'BBB-' [1][2] Group Performance - The positive outlook reflects Marex's strong and growing earnings across variable market conditions, as well as its expansion and diversification through both organic growth and bolt-on acquisitions [2] - Marex has well-managed liquidity and maintains an adequate buffer over regulatory capital requirements [2] Leadership Commentary - Ian Lowitt, CEO of Marex, stated that the positive outlook from Fitch highlights the strength and scalability of Marex's diversified global platform and its 10-year track record of sequential growth through various market environments [3] - The company's risk control framework is central to its strategy, adapting to the expanding business [3] Company Overview - Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform that provides essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets [4] - The Group offers a comprehensive range of services including Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions, with a leading position in major metals, energy, and agricultural products [4] - Marex has access to 60 exchanges and serves a broad client base, including large commodity producers, consumers, traders, banks, hedge funds, and asset managers, with over 2,400 employees across more than 40 offices worldwide [4]

Core Viewpoint - Marex Group plc is set to release its fiscal 2025 first quarter results on May 15, 2025, before market open, indicating a commitment to transparency and investor engagement [1] Company Overview - Marex Group plc (NASDAQ:MRX) operates as a diversified global financial services platform, providing essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets [2] - The company offers a comprehensive range of services, including Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions, with a strong presence in major metals, energy, and agricultural products [2] - Marex has access to 60 exchanges and serves a diverse client base, including large commodity producers, consumers, traders, banks, hedge funds, and asset managers [2] - The company employs over 2,400 staff across more than 40 offices worldwide, covering regions in Europe, Asia, and the Americas [2]

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”) (Nasdaq: MRX), the diversified global financial services platform, today announces the pricing of the public offering (the “Offering”) of 10,283,802 ordinary shares by certain selling shareholders (the “Selling Shareholders”) at $35.50 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,542,570 ordinary shares. Marex is not selling any ordina ...

NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (“Marex”), the diversified global financial services platform, today announces the launch of a public offering of its ordinary shares (the "Offering”) by certain selling shareholders (the “Selling Shareholders”). The Selling Shareholders are offering a total of 8,500,000 ordinary shares. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,275,000 or ...

Group 1 - Marex Group plc has completed the acquisition of Aarna Capital Limited, enhancing its operations in the Middle East and expanding its clearing business [1] - The acquisition aligns with Marex's strategy to broaden its client base, diversify operations, and increase earnings resilience [1] - Aarna Capital, based in Abu Dhabi, offers clearing, execution, and customized risk management solutions across various markets including energy, metals, and financial markets [2][4] Group 2 - Marex Group plc is a diversified global financial services platform providing liquidity, market access, and infrastructure services across energy, commodities, and financial markets [3] - The company operates with over 2,300 employees and has more than 40 offices worldwide, covering major commodity markets and serving a wide range of clients [3] - Aarna Capital provides access to a broad range of financial products including futures, options, FX, equities, and fixed income, leveraging a high-speed market infrastructure [4]

NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (‘Marex’), the diversified global financial services platform, provides a Q1 trading update at its Investor Day, being held today at the Nasdaq Marketsite in New York City. Marex reports a strong start to the year with positive momentum and supportive market conditions continuing through the first quarter of 2025. Client activity has remained strong across the platform with high levels of exchange volumes driven by volatility. Agency ...