Core Insights - Marex Group plc reported a record fourth quarter for Q4 2025, with significant revenue and profit growth driven by strong client activity and market conditions [2][6][27] - The company achieved a quarterly revenue increase of 38% to $572.1 million and an Adjusted Profit Before Tax growth of 41% to $114.9 million, with earnings per share rising by 50% to $1.14 [4][6][27] - For the full year 2025, revenue reached $2,024.1 million, a 27% increase from 2024, with Adjusted Profit Before Tax growing by 30% to $418.1 million, marking 11 consecutive years of profit growth [3][5][33] Financial Performance - Q4 2025 financial highlights include: - Revenue: $572.1 million, up 38% from Q4 2024 ($415.6 million) [4][7] - Adjusted Profit Before Tax: $114.9 million, a 41% increase from Q4 2024 ($81.4 million) [4][27] - Basic EPS: $1.14, a 50% increase from Q4 2024 ($0.76) [4][7] - Full-year 2025 performance metrics: - Revenue: $2,024.1 million, up 27% from FY 2024 ($1,594.7 million) [3][5] - Adjusted Profit Before Tax: $418.1 million, a 30% increase from FY 2024 ($321.1 million) [3][33] - Basic EPS: $4.12, a 39% increase from FY 2024 ($2.96) [3][7] Revenue Breakdown - Q4 2025 revenue growth was driven by: - Agency and Execution revenue increased by 51% to $290.4 million [6][50] - Market Making revenue surged by 83% to $81.4 million, supported by high client activity in Metals [6][61] - Hedging and Investment Solutions revenue rose by 57% to $62.7 million [6][62] - For FY 2025: - Net trading income increased by $359.5 million to $851.9 million, with Agency and Execution as the largest contributor [29][31] - Net commission income rose by $121.4 million to $977.5 million, primarily from Agency and Execution [30][31] Cost and Expense Management - Total expenses for Q4 2025 increased by 36% to $462.7 million, reflecting higher compensation and benefits costs [14][23] - Compensation and benefits rose by 42% to $344.6 million, driven by performance-related compensation and increased headcount [14][24] - For FY 2025, total expenses increased by 24% to $1,624.2 million, aligned with revenue growth and ongoing investments [32][33] Strategic Initiatives - The company continued to execute its M&A strategy, integrating recent acquisitions to enhance earnings resilience [2][10] - Marex expanded its geographic footprint and product capabilities, particularly in the Middle East and Brazil [10] - The Prime Services segment has become a significant contributor to profitability, reflecting successful integration and growth [2][10]

Core Insights - Marex Group plc reported strong financial results for Q3 2025, with revenue reaching $485 million and Adjusted Profit Before Tax increasing by 25% year-on-year to $101 million, reflecting successful business diversification and growth in Prime services [2][6][20]. Financial Performance - Year-to-date revenue for Q3 2025 was $1,452 million, a 23% increase from $1,179 million in Q3 2024 [3][22]. - Q3 2025 revenue was $485 million, up 24% from $391 million in Q3 2024 [4][14]. - Adjusted Profit Before Tax for Q3 2025 was $101 million, a 25% increase from $80.5 million in Q3 2024 [6][21]. - Reported Profit Before Tax increased by 25% to $98.8 million in Q3 2025, with a margin of 20.4% [20][25]. Revenue Breakdown - Clearing revenue increased by 14% to $133.5 million, driven by a 4% growth in average client balances to $13.3 billion [6][30]. - Agency and Execution revenue surged by 52% to $258.5 million, primarily due to strong growth in Securities revenues [6][41]. - Hedging and Investment Solutions revenue rose by 36% to $48.4 million, marking the strongest quarter on record for this segment [6][59]. Cost and Efficiency - Total reported costs for Q3 2025 increased by 24% to $380.3 million, reflecting higher Front Office and Control and Support costs [18][24]. - Front Office costs rose by 23% to $264 million, driven by increased compensation linked to revenue performance and higher headcount [18][24]. - Control and Support costs increased by 26% to $116.3 million, reflecting investments in finance, risk, technology, and compliance [19][24]. Strategic Developments - The company continued its disciplined M&A growth strategy, announcing acquisitions such as Winterflood Securities and Valcourt, enhancing its market presence and capabilities [10]. - Marex maintained a strong balance sheet with significant levels of surplus liquidity, reaffirming its Investment Grade credit rating [10]. Segment Performance - Market Making revenue decreased by 16% to $43.8 million due to challenging market conditions in Metals and Agriculture, despite growth in Securities and Energy [49][50]. - Adjusted Profit Before Tax for Market Making fell by 59% to $7 million, reflecting lower overall revenue [51][54]. - The Agency and Execution segment saw a 51% increase in revenue year-to-date, driven by strong growth across all asset classes [45].

Table of Contents As filed with the Securities and Exchange Commission on October 21, 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 Capital Markets Inc. 140 East 45th Street, 10th Floor New York, New York 10017 Marex Group plc (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) (State or Other Jurisdiction of Incorporat ...

Table of Contents As filed with the Securities and Exchange Commission on April 15, 2024. Registration No. 333-278231 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to 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) (State or Other Jurisdiction of Incorporation or Organization) England and Wales 6200 Not Applicable (Pr ...