TP ICAP Group PLC

Latest Results (13.10.2025):

TP ICAP Group PLC reported strong financial performance for the first half of 2025, achieving record revenue growth and increased profitability. The Group's strategic initiatives in diversification and capital management have contributed to robust earnings, while ongoing investments position the company for sustainable future growth.

Revenue Growth

Group revenue rose by 9% to £1.2 billion in constant currency, reflecting a 7% increase in reported terms. This growth was driven by strong performances in Global Broking and Liquidnet, despite a slight decline in Energy & Commodities revenue.

Profitability Enhancements

Adjusted EBIT surged by 10% to £184 million, with Global Broking and Liquidnet achieving all-time high profitability levels. The adjusted EBIT margin improved marginally to 15.0%, highlighting effective cost management and operational efficiency.

Capital Management

The Group continued its commitment to capital discipline by initiating a fifth £30 million share buyback and increasing the interim dividend by 8% to 5.2p per share. Additionally, TP ICAP anticipates organically generating over £200 million in surplus cash for investment and shareholder returns in 2026 and 2027.

Strategic Diversification

TP ICAP completed the acquisition of Neptune Networks, bolstering its diversification strategy. The integration of Neptune with Liquidnet's Fixed Income platform aims to create a comprehensive credit platform, enhancing data quality, liquidity, and value for market participants.

Future Outlook

The Board is evaluating the timing for a potential listing of Parameta Solutions in the United States, with plans to return most proceeds to shareholders if the listing proceeds. The Group remains confident in its strategy focused on transformation, diversification, and dynamic capital management to drive continued growth and shareholder value.