NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex’ or the ‘Group’; Nasdaq: MRX) a diversified global financial services platform, provides a preliminary Q3 2025 update. Based on preliminary unaudited financial information, Marex reports a strong third quarter with all of the Group's Business Segments performing well. Revenues for the quarter are expected to be in the range of $475 million to $485 million (+23% YoY at the midpoint) and Adjusted Profit Before Tax1 in the range of $96 million ...

Financial Performance - Consolidated revenues reached €928 million, a decrease compared to €960 million in H1 2024, with a -2% organic growth[8] - Gross profit was €626 million with a 675% margin, compared to €637 million and 664% margin in H1 2024[7, 10] - Adjusted EBIT was €69 million with a 74% margin, down from €81 million and 84% margin in H1 2024[7, 17] - Profit reached €479 million, a +53% increase compared to H1 2024, with the profit margin rising to 52% from 33%[7, 19] Segment Performance - ZEGNA segment revenues were €660 million, with an Adjusted EBIT of €94 million and a margin of 143%, up from €85 million and 128% in H1 2024[15] - THOM BROWNE segment revenues were €129 million, with an Adjusted EBIT of €4 million and a margin of 35%, significantly lower than the 121% margin in H1 2024[15] - TOM FORD FASHION segment revenues were €153 million, with a negative Adjusted EBIT of €19 million, compared to negative €12 million in H1 2024[15] Channel and Geographic Performance - Direct-to-Consumer (DTC) channel accounted for 82% of total branded products revenues in H1 2025, up from 76% in H1 2024[11] - Total Direct to Consumer revenues reached €698035 thousand, a 42% increase compared to €669599 thousand in H1 2024[46] - Greater China Region revenues decreased by 162% to €223101 thousand, compared to €266324 thousand in H1 2024[48] Capital and Cash Flow - Capital expenditure (Capex) in H1 2025 was €54 million, compared to €60 million in H1 2024[24] - Trade working capital was €442 million as of June 30, 2025, down from €476 million as of June 30, 2024[24] - Free Cash Flow was negative €23109 thousand[76]

Financial Performance Overview - The group's revenue for H1 2025 was €133.395 million[96], impacted by macroeconomic trends and industry-wide challenges[31] - The group's gross profit margin decreased by 4% to 53.9%[43] due to sell-through of prior-season inventory, underutilized capacity, and changes in product mix[47] - The group's adjusted EBITDA decreased by 23% to -€51.930 million[43,96] due to negative operational leverage resulting from lower revenue[47] Brand-Level Performance - Lanvin's revenue declined by 42% to €27.932 million[63] due to weak wholesale in EMEA[66] - Wolford's revenue decreased by 23% to €32.985 million[68] reflecting residual impact from 3PL transition[71] - Sergio Rossi's revenue declined by 25% to €15.314 million[73], with DTC decreased by 21% and Wholesale decreased by 33%[77] - St John's revenue remained relatively flat at €39.654 million[79], with North America seeing a 4% growth[84] - Caruso's revenue declined by 11% to €17.627 million[86] due to a challenging global luxury and wholesale market[91] Strategic Initiatives - The group is implementing cost-efficiency initiatives by streamlining operations and reviewing retail footprint[20] - The group is focusing on targeted marketing to boost traffic and conversion rate ahead of new director's debut[20] - The group is building brand story and desirability at Lanvin and Sergio Rossi with new creative characters[58] - The group is upgrading store network, with disciplined new openings and underperforming locations rationalization[56]

Core Viewpoint - Marex Group plc reported strong financial results for Q2 2025, with significant revenue growth and record profits, validating its strategic execution and recent acquisitions [2][3][30]. Financial Performance - Revenue for H1 2025 reached $967.4 million, up 23% from H1 2024's $787.9 million [5][27]. - Adjusted Profit Before Tax for H1 2025 was $202.7 million, a 27% increase year-on-year [31]. - Q2 2025 Adjusted Profit Before Tax was $106.4 million, reflecting a 16% increase compared to Q2 2024 [4][26]. Revenue Breakdown - Agency and Execution revenue surged 59% to $260.8 million in Q2 2025, driven by strong performance in Securities and Energy [6][46]. - Net trading income rose by 49% to $203.3 million in Q2 2025, primarily due to growth in Agency and Execution [20][30]. - Clearing revenue increased by 12% to $138.8 million in Q2 2025, supported by higher client activity and market volatility [35][39]. Cost and Margin Analysis - Total reported costs increased by 16% to $389.5 million in Q2 2025, driven by higher front office and control costs [22][29]. - Adjusted Profit Before Tax margin remained stable at 21.3% in Q2 2025, compared to 21.7% in Q2 2024 [4][26]. - Reported Profit Before Tax margin improved to 20.7% in Q2 2025 from 19.0% in Q2 2024, reflecting better operating margins [24][30]. Strategic Developments - The acquisition of the Prime Services business from TD Cowen has significantly enhanced Marex's earnings power [3][9]. - Recent acquisitions, including Agrinvest and Hamilton Court Group, have expanded Marex's geographic footprint and product capabilities [9][9]. - Marex announced the acquisition of Winterflood Securities, further enhancing its UK equity market presence [9]. Market Conditions - Market Making revenue decreased by 17% to $57.4 million in Q2 2025, reflecting a return to typical trading levels after an exceptionally strong prior year [56][58]. - The diversified business model allowed Marex to perform well in Metals and Energy, despite challenges in Agriculture [58][60].

Core Viewpoint - Crown Point Energy Inc. reported its financial and operational results for Q2 2025, highlighting significant increases in sales revenue and production volumes compared to Q2 2024, alongside ongoing acquisition activities in the Chubut region [1][4][5]. Financial Performance - The company reported net cash provided by operating activities of $5.6 million and funds flow used in operating activities of $5.0 million for Q2 2025, compared to $1.5 million and $1.4 million in Q2 2024 respectively [5]. - Oil and natural gas sales revenue reached $22.2 million in Q2 2025, a substantial increase from $5.6 million in Q2 2024, driven by higher sales volumes from the Santa Cruz Concessions [5]. - Average daily sales volumes increased to 4,083 BOE per day in Q2 2025 from 1,340 BOE per day in Q2 2024 [5][17]. - The company reported a loss before taxes of $9.1 million for Q2 2025, compared to a loss of $4.3 million in Q2 2024 [5]. Acquisition Activities - Crown Point entered into agreements to acquire a 95% operated interest in the Chubut Concessions for an aggregate base purchase price of approximately $57.9 million, with contingent consideration of up to $3.5 million [4][5][6]. - The acquisition is expected to close in Q3 2025, pending necessary regulatory approvals [6]. Operational Update - Oil production from the Piedra Clavada Concession averaged 1,902 bbls per day, and from the Koluel Kaike Concession averaged 1,060 bbls per day during Q2 2025 [12]. - In the Tierra del Fuego Concession, San Martin oil production averaged 398 bbls per day, while Las Violetas natural gas production averaged 8,028 mcf per day [13]. - The Mendoza Concessions reported oil production averaging 766 bbls per day from the Chanares Herrados Concession [14]. Outlook - The company's capital spending for fiscal 2025 is budgeted at approximately $12.3 million, with significant allocations for well workovers and drilling campaigns in the Santa Cruz and Mendoza Concessions [15][16].

Core Insights - Trisura Group Ltd. reported strong financial results for Q2 2025, achieving an Operating ROE of 17.8% and Operating net income of $33.3 million, or $0.69 per share, driven by a focus on specialty insurance and disciplined underwriting [1][5][12] - The company experienced significant growth in its Primary Lines, with a 35.1% increase, contributing to a quarterly Combined ratio of 85.6% [1][5][12] - The Surety platform saw a remarkable 60.7% growth in quarterly premiums, reflecting expansion in both the US and Canadian markets [2][5] Financial Performance - Gross Premiums Written (GPW) for Q2 2025 were $900.4 million, a decrease of 5.8% compared to Q2 2024, while year-to-date GPW was $1.612 billion, down 4.0% [4] - Net insurance revenue increased by 18.1% to $195.8 million in Q2 2025, with year-to-date revenue of $368.5 million, up 15.6% [4][12] - Underwriting income rose by 10.9% to $28.2 million in Q2 2025, with a year-to-date increase of 6.0% to $58.0 million [4][12] - Net investment income grew by 11.6% to $18.9 million in Q2 2025, contributing to a year-to-date total of $37.1 million, up 10.1% [4][12] Ratios and Metrics - The Combined ratio for Q2 2025 was 85.6%, slightly higher than 84.7% in Q2 2024, primarily due to an increase in the Expense ratio [4][12] - The Loss ratio improved marginally to 33.2% from 33.4% year-over-year, while the Expense ratio increased to 52.4% from 51.3% [4][12] - Book value per share (BVPS) reached $17.63, reflecting a 21.1% increase over Q2 2024 [5][6] Capital Position - The Debt-to-capital ratio stood at 13.8%, indicating a conservative capital structure while supporting growth initiatives [2][5][12] - The company maintained a strong capital position, with consolidated book value reaching a record $843 million at the end of Q2 2025 [3][5]

Financial Performance - Q1 2026 revenues increased by approximately 6% year-over-year to $736.7 million CAD[14] - Q1 2026 adjusted earnings from operations were $78.6 million CAD, representing a 10.7% adjusted earnings from operations margin[14] - Q1 2026 free cash flow was $139.5 million CAD, a significant increase compared to $(51.3) million CAD in Q1 2025[17] - Net income decreased by 31.2% from $35.3 million CAD to $24.3 million CAD[17] - Basic earnings per share decreased by 30.6% from $0.36 CAD to $0.25 CAD[17] Order Bookings and Backlog - Q1 2026 order bookings totaled $693 million CAD, demonstrating diversification across market verticals[14] - The trailing twelve-month book-to-bill ratio was 1.17[14] - Order backlog remains strong at $2,068 million CAD[14] Revenue Outlook - Q2 F2026 revenue is estimated to be between $700 million CAD and $740 million CAD[19] Market Segment Performance - Life Sciences order backlog is $1,160 million CAD, supported by proven capabilities in regulated markets[15] - Food and Beverage order backlog is $229 million CAD, with opportunities in primary and secondary processing and packaging[15] - Consumer Products order backlog is $262 million CAD, supported by capabilities in warehouse automation and packaging[15]

Financial Highlights - Super Group achieved a record Total Group Revenue of $579 million, a 30% year-over-year increase[13] - The Group's Adjusted EBITDA reached a record $157 million, representing a 78% year-over-year growth and a 27% margin[13] - The company has a debt-free balance sheet with $393 million in unrestricted cash as of June 30, 2025[13,15] - Dividends of $20 million were paid out during the quarter, with a total of $166 million in dividends paid on a trailing twelve-month basis[13] Business Performance - The average unique monthly active customers increased by 21% year-over-year[15] - Net Revenue increased by 30% year-over-year to $570 million[21] - Ex-U S Total Revenue increased 28% year-over-year to $563 million[15,35] - Sportsbook Gross Revenue increased 27% year-over-year, with a margin of 13 9% compared to 12 6% in the same quarter of the previous year[27] - Casino Gross Revenue increased 25% year-over-year, with a margin of 4 44% compared to 4 40% in the same quarter of the previous year[30] Strategic Decisions - Super Group announced a strategic exit from the U S iGaming business[13,49] - The exit from the U S iGaming business will incur one-off costs, including $63 9 million for goodwill and asset impairment, $22 6 million for onerous contracts, and approximately $6 million in cash closing costs[50] Guidance - Ex-U S Adjusted EBITDA guidance was raised from $480 million to a range of $500-$510 million[13] - The company projects total revenue to be greater than $2 04 billion and Adjusted EBITDA to be in the range of $470-$480 million[61]

Core Insights - Flagship Communities Real Estate Investment Trust reported strong financial performance in Q2 2025, with significant increases in rental revenue and net operating income, indicating robust operational stability and growth potential in the Manufactured Housing Community (MHC) sector [3][5][7]. Financial Performance - Rental revenue and related income reached $25.1 million, an 18.1% increase from $21.2 million in Q2 2024 [5][6]. - Same Community Revenue was $22.7 million, up 12.2% from $20.2 million year-over-year [5][8]. - Net income and comprehensive income for Q2 2025 was $35.1 million, down 19.2% from $43.5 million in Q2 2024, primarily due to fair value adjustments [5][9]. - Net Operating Income (NOI) was $16.7 million, an 18.7% increase compared to $14.1 million in the same quarter last year [5][10]. - Funds from Operations (FFO) per unit increased to $0.385, a 16.7% rise from $0.330 in Q2 2024 [5][13]. - Adjusted Funds from Operations (AFFO) per unit was $0.353, reflecting a 20.9% increase from $0.292 year-over-year [5][14]. Operational Highlights - Total portfolio occupancy improved to 85.1%, up from 83.5% as of December 31, 2024, with Same Community Occupancy at 85.5% [5][21]. - Rent collections were strong at 99.2%, an increase from 98.7% in the previous year [5][15]. - The integration of seven newly acquired MHCs in Tennessee and West Virginia is progressing well, with occupancy levels increasing and new home sales advancing in Nashville [5][18]. Industry Outlook - The MHC sector is expected to continue outperforming other real estate sectors, driven by rising home ownership costs and limited new supply, leading to greater housing unaffordability [22][26]. - The REIT's positive outlook is supported by macro trends such as increasing household formations and declining single-family homeownership rates [22][26]. Portfolio Overview - As of June 30, 2025, Flagship owned 80 MHCs with 14,670 lots and two RV resort communities with 470 sites [21]. - The NAV increased to $727.9 million, with NAV per unit rising to $28.96 from $26.71 at the end of 2024 [5][21]. - Debt to Gross Book Value improved to 36.5% from 38.1% as of December 31, 2024 [5][21].

Financial Performance - Q2 2025 - Total Revenue was €747 million[19, 21], a decrease of 0.8% year-over-year[21] - Organic revenue declined by 1.1%[9, 19, 21] due to a 1% volume decline[9] - Adjusted Gross Margin contracted by 310 bps year-over-year to 27.8%[9, 19, 21] - Adjusted EBITDA decreased by 7% year-over-year to €129 million[9, 19, 21] - Adjusted EPS decreased by 9% year-over-year to €0.40[9, 19, 21] Cash Flow - YTD 2025 (6 Months Ended June 30) - Adjusted Free Cash Flow was €49 million[22] - Adjusted Free Cash Flow as a percentage of adjusted profit for the period was 43%[22] compared to 32% in the same period last year[22] Outlook - 2025 Guidance - Organic Revenue growth is expected to be between 0% and -2%[25] - Adjusted EBITDA is expected to decline by 3% to 7% year-over-year[25] - Adjusted EPS is projected to be in the range of €1.64 to €1.76[25] - Adjusted Free Cash Flow Conversion is expected to be 90%+[25]