Marex Group (MRX) investor relations material

Strategy and business model

• Focus on diversified, resilient, and dynamic growth through market access, infrastructure services, and liquidity across global markets.

• Business segments include Clearing, Agency & Execution, Market Making, and Hedging & Investment Solutions, each with distinct revenue models and risk management approaches.

• Strategic pillars emphasize scaling with larger institutional clients, expanding infrastructure-led revenues, targeted M&A, and technology investment.

• Earnings mix is shifting toward recurring, high-margin infrastructure businesses, with Clearing, Prime, and Financing now representing ~70% of profitability.

• AI and market structure innovation are leveraged to accelerate growth, productivity, and client engagement.

Financial performance and growth

• Revenue reached $2.0bn in 2025, up 27% YoY, with Adjusted PBT at $418m and a 28% Return on Equity.

• H1 2026 revenue was $1.39bn (+43% YoY), with Adjusted PBT of $319m (+57% YoY) and margin expansion to 23%.

• All business segments delivered strong YoY growth: Clearing (+16%), Agency & Execution (+35%), Market Making (+134%), and Hedging & Investment Solutions (+91%).

• Top-tier client revenue grew 59% YoY, with the number of $5m+ clients increasing 57% to 77.

• Adjusted Sharpe Ratio improved, reflecting high-quality, reliable earnings and earnings stability.

Capital, liquidity, and risk management

• Maintains a prudent approach to capital and liquidity, supporting investment grade ratings and a highly liquid, client-driven balance sheet.

• Group capital ratio at 287% and S&P RAC ratio at 12.4% as of June 2026.

• ~80% of the balance sheet is driven by client activity, with short-duration, highly liquid instruments.

• Track record of low realized group credit losses and robust risk management, including a new consolidated VaR model.