Marex Group PLC (NASDAQ: MRX), a differentiated global financial platform, said financial results today for the second quarter of 2025 (Q2 2025).
Revenue increased by $ 18% to $ 500.1 million (Q2 2024: $ 422.1 million), driving from strong performance to service and execution in both titles and energy, as well as clearance.
Revenue from a net committee increased by $ 48.7 million to $ 257.1 million (Q2 2024: $ 208.4 million). Growth was mainly due to service and execution, which increased by $ 43.2 million to $ 187.2 million (Q2 2024: $ 144.0 million), reflecting strong titles and energy performance, supported by higher transaction volumes.
Net trading income increased by $ 66.8 million to $ 203.3 million (Q2 2024: $ 136.5 million). Growth is due to an increase in service and execution of $ 65.4 million to $ 76.2 million (Q2 2024: $ 10.8 million), with strong performance in all assets. The most significant contribution came from the ongoing strategic expansion of the capabilities of Marex’s primary services, including the development of the title -based exchange supply.
Net interest income decreased by 47% to $ 34.6 million (Q2 2024: $ 65.4 million).
The total reported cost increased by $ 16% from $ 336.6 million to Q2 2024 to $ 389.5 million in the third quarter of 2025 driven by both the highest front office and the cost of control and support.
The reported earnings before tax increased by $ 23.5 million to $ 103.6 million (Q2 2024: $ 80.1 million), based on a strong increase in revenue and improved operating margins. The Group’s reported profit prior to the tax margin increased from 19.0% in the 2nd quarter 2024 to 20.7% in the third quarter 2025, reflecting the extension of the margin to the service and execution due to the increase in higher margin products, including primary services and redefining of the first -rate the number of adjustment items associated with IPO and owner amounts.
Customized earnings before tax increased by $ 14.9 million to $ 106.4 million (Q2 2024: $ 91.5 million) while customized earnings before tax margin remained in general at 21.3% (Q2 2024: 21.7%).
Ian Lowitt, Managing Director of the team, said:
“I am happy with our very powerful performance, in the first half we created nearly $ 1 billion in revenue and a record of adjustable profit $ 203 million before tax (PBT) increased by 27% last year. Profit prior to the tax margin for almost 21%.
This strong performance validates our strategy and the execution of this strategy. The acquisition of TD Cowen’s Prime Services business at the end of 2023 was a special success and has increased the power of our profits, but it is the combination of all our acquisitions and organic development initiatives that have given these great results. We remain very excited about our forward prospects. ”