$MRX
Marex Group Ltd
CIK:0001997464|SEC Filings
Consolidated Income Statement - USD ($) $ in Millions |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Profit or loss [abstract] | |||||||
| Commission and fee income | $ 1,823.0 | $ 1,618.1 | $ 1,342.4 | ||||
| Commission and fee expense | (845.5) | (762.0) | (637.5) | ||||
| Net commission income/(expense) | 977.5 | 856.1 | 704.9 | ||||
| Net trading income | 851.9 | 492.4 | 411.4 | ||||
| Interest income | 912.8 | 765.2 | 591.8 | ||||
| Interest expense | (760.2) | (538.1) | (470.2) | ||||
| Net interest income | 152.6 | 227.1 | 121.6 | ||||
| Net physical commodities income | 42.1 | 19.1 | 6.7 | ||||
| Revenue | 2,024.1 | 1,594.7 | 1,244.6 | ||||
| Expenses | |||||||
| Compensation and benefits | (1,234.2) | (971.1) | (770.3) | ||||
| Depreciation and amortisation | (36.1) | (29.5) | (27.1) | ||||
| Other expenses | (353.9) | (306.3) | (237.4) | ||||
| Total expenses | (1,624.2) | (1,306.9) | (1,034.8) | ||||
| Impairment of goodwill | 0.0 | 0.0 | (10.7) | ||||
| Net recovery of/(provision) for credit losses | 0.7 | 1.7 | (7.1) | ||||
| Bargain purchase gain on acquisitions | 3.6 | 0.0 | 0.3 | ||||
| Other income | 7.4 | 6.3 | 3.4 | ||||
| Share of results in associates and joint ventures | 0.0 | 0.0 | 0.8 | ||||
| Profit before tax from continuing operations | 411.6 | 295.8 | 196.5 | ||||
| Tax | (103.7) | (77.8) | (55.2) | ||||
| Profit after tax from continuing operations | 307.9 | 218.0 | 141.3 | ||||
| Loss after tax from discontinued operations | (0.2) | 0.0 | 0.0 | ||||
| Profit after tax | 307.7 | 218.0 | 141.3 | ||||
| Attributable to: | |||||||
| Ordinary shareholders of the Group | 293.9 | 204.7 | 128.0 | ||||
| Non-controlling interest | 0.5 | 0.0 | 0.0 | ||||
| Other equity holders | [1] | $ 13.3 | $ 13.3 | $ 13.3 | |||
| Earnings per share | |||||||
| Basic (in dollars per share) | [2] | $ 4.12 | $ 2.96 | $ 1.94 | |||
| Diluted (in dollars per share) | [2] | $ 3.86 | $ 2.72 | $ 1.82 | |||
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Consolidated Statement of Financial Position - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
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|---|---|---|---|---|
| Non-current assets | ||||
| Goodwill | $ 237,400 | $ 176,500 | ||
| Intangible assets | 98,000 | 56,500 | ||
| Property, plant and equipment | 34,000 | 20,800 | ||
| Right of use asset | 76,900 | 59,900 | ||
| Investments | 28,500 | 24,000 | ||
| Trade and other receivables | 50,200 | 0 | ||
| Derivative instruments | 19,600 | 0 | ||
| Deferred tax | 30,600 | 46,700 | ||
| Treasury instruments (unpledged) | 83,100 | 53,500 | ||
| Treasury instruments (pledged as collateral) | 319,900 | 46,100 | ||
| Total non-current assets | 978,200 | 484,000 | ||
| Current assets | ||||
| Corporate income tax receivable | 27,600 | 12,500 | ||
| Trade and other receivables | 10,993,200 | 7,553,200 | ||
| Inventory | 483,700 | 35,800 | ||
| Derivative instruments | 2,320,700 | 1,163,500 | ||
| Stock borrowing | 2,858,200 | 1,781,700 | ||
| Treasury instruments (unpledged) | 138,500 | 556,200 | ||
| Treasury instruments (pledged) and assets held under agreements to sell (repledged) | 3,496,800 | 2,912,900 | ||
| Reverse repurchase agreements | 3,117,100 | 2,490,400 | ||
| Cash and cash equivalents | [1] | 2,881,200 | 2,556,600 | |
| Assets classified as held for sale | 357,400 | 0 | ||
| Total current assets | 33,696,900 | 23,828,500 | ||
| Total assets | 34,675,100 | 24,312,500 | ||
| Current liabilities | ||||
| Repurchase agreements | 4,148,900 | 2,305,800 | ||
| Trade and other payables | 12,956,400 | 9,740,400 | ||
| Stock lending | 5,496,700 | 4,952,100 | ||
| Short securities | 2,215,700 | 1,704,600 | ||
| Short term borrowings | 200,000 | 152,000 | ||
| Lease liability | 9,900 | 10,500 | ||
| Derivative instruments | 2,234,400 | 751,700 | ||
| Corporate tax | 8,500 | 41,900 | ||
| Debt securities | 3,394,300 | 2,119,600 | ||
| Provisions | 3,800 | 600 | ||
| Liabilities related to assets classified as held for sale | 294,800 | 0 | ||
| Total current liabilities | 30,963,400 | 21,779,200 | ||
| Non-current liabilities | ||||
| Lease liability | 87,400 | 67,000 | ||
| Derivative instruments | 19,400 | 0 | ||
| Debt securities | 2,327,300 | 1,484,900 | ||
| Deferred tax liability | 14,000 | 4,500 | ||
| Total non-current liabilities | 2,448,100 | 1,556,400 | ||
| Total liabilities | 33,411,500 | 23,335,600 | ||
| Total net assets | 1,263,600 | 976,900 | ||
| Equity | ||||
| Share capital | 116 | 115 | ||
| Share premium | 227,200 | 202,600 | ||
| Retained earnings | 982,000 | 722,400 | ||
| Own shares | (58,500) | (23,200) | ||
| Other reserves | 15,400 | (22,600) | ||
| Total equity attributable to the ordinary shareholders of the Group | 1,166,200 | 879,300 | ||
| Non-controlling interest | (200) | 0 | ||
| Additional Tier 1 capital (AT1) | 97,600 | 97,600 | ||
| Total equity | 1,263,600 | 976,900 | ||
| Equity instruments | ||||
| Current assets | ||||
| Financial assets (unpledged) | 586,900 | 231,400 | ||
| Financial assets (pledged as collateral) | 6,337,200 | 4,446,600 | ||
| Fixed income securities | ||||
| Current assets | ||||
| Financial assets (unpledged) | 16,000 | 87,700 | ||
| Financial assets (pledged as collateral) | $ 82,400 | $ 0 | ||
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