The financial services group reported quarterly revenue of $484.6 million, up 24 percent from a year earlier, with adjusted profit margins improving to 20.7 percent.
The company stated that the results were “at the top end of our previously announced preliminary range,” highlighting the firm’s resilience in a “more challenging operating environment.”
Revenue from Agency and Execution surged 52 percent to $258.5 million, supported by strength in securities and Prime Services.
Clearing revenue rose 14 percent to $133.5 million on the back of one of Marex’s highest-ever quarters for client onboarding, with average balances up 4 percent to $13.3 billion.
However, Market Making revenue fell 16 percent, reflecting weaker conditions in metals and agricultural markets amid ongoing tariff uncertainty.
Lowitt said Marex’s diversification had underpinned its performance: “This quarter demonstrated how we have successfully diversified our business.”
“The fourth quarter has started very strongly, and we are optimistic about the rest of the year and the year ahead.”
The group maintained its investment-grade credit rating from S&P in September and declared a quarterly dividend of $0.15 per share.
