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].

Table of Contents As filed with the Securities and Exchange Commission on March 26, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Marex Group plc (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) England and Wales 6200 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial ...