Cash flow Marex Group plc

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MRX

GB00BMT7GT62

Investment Banking & Brokerage Services

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Published financial data: MAREX GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	-	-	592M	765M	913M
Interest Expense, Total	7.52M	22.6M	470M	538M	760M
Net Interest Income	-7.52M	-22.6M	122M	227M	153M
Brokerage Commission	446M	470M	1.34B	1.62B	1.82B
Trading and Principal Transactions	-	-	-	-	-
Asset Management Fee	3.94M	-	-	-	-
Other Revenues, Total	664M	875M	418M	512M	894M
Revenues Before Provison For Loan Losses	1.11B	1.32B	1.88B	2.36B	2.87B
Total Revenues	1.11B	1.32B	1.88B	2.36B	2.87B
Salaries And Other Employee Benefits	358M	430M	769M	966M	1.23B
Cost of Services Provided, Total	687M	877M	660M	788M	870M
Depreciation & Amortization - (IS) - (Collected)	3.37M	4.2M	27.1M	29.5M	36.1M
Amortization of Goodwill and Intangible Assets - (IS)	2.55M	3.9M	-	-	-
Provision for Bad Debts	-217K	10.5M	7.1M	-1.7M	-700K
Other Operating Expenses	-	-	213M	280M	322M
Total Operating Expenses	1.05B	1.33B	1.68B	2.06B	2.45B
Operating Income	55.61M	-3.6M	206M	295M	416M
Income (Loss) on Equity Invest.	-	-	800K	-	-
Currency Exchange Gains (Loss)	-476K	300K	-	-	-
Other Non Operating Income (Expenses)	15.62M	181M	3.4M	6.3M	7.4M
EBT, Excl. Unusual Items	70.76M	177M	210M	301M	424M
Restructuring Charges	-869K	-1.2M	-1.6M	-5.4M	-8.4M
Total Merger & Related Restructuring Charges	-	-	-1.8M	-200K	-7.3M
Impairment of Goodwill	-	-53.9M	-10.7M	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-84K	-	-	-	-
Asset Writedown	-	-600K	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	300K	-	3.6M
EBT, Incl. Unusual Items	69.8M	122M	196M	296M	412M
Income Tax Expense	13.35M	23.4M	55.2M	77.8M	104M
Earnings From Continuing Operations	56.45M	98.2M	141M	218M	308M
Earnings Of Discontinued Operations	-	-	-	-	-200K
Net Income to Company	56.45M	98.2M	141M	218M	308M
Minority Interest	-	-	-	-	-500K
Net Income - (IS)	56.45M	98.2M	141M	218M	307M
Preferred Dividend and Other Adjustments	-	6.6M	-	13.3M	13.3M
Net Income to Common Incl Extra Items	56.45M	91.6M	141M	205M	294M
Net Income to Common Excl. Extra Items	56.45M	91.6M	141M	205M	294M
Per Share Items
Net EPS - Basic	0.93	1.58	2.41	2.96	4.12
Basic EPS - Continuing Operations	0.93	1.58	2.41	2.96	4.12
Basic Weighted Average Shares Outstanding	60.63M	58.06M	58.61M	69.23M	71.35M
Net EPS - Diluted	0.93	1.58	2.41	2.72	3.86
Diluted EPS - Continuing Operations	0.93	1.58	2.41	2.72	3.86
Diluted Weighted Average Shares Outstanding	60.63M	58.06M	58.61M	75.28M	76.13M
Normalized Basic EPS	0.73	1.91	2.24	2.72	3.7
Normalized Diluted EPS	0.73	1.91	2.24	2.5	3.47
Dividend Per Share	0.28	-	0.41	0.28	0.59
Payout Ratio	35.43	6.72	41.26	35.37	18.07
Supplemental Items
Effective Tax Rate - (Ratio)	19.13	19.24	28.09	26.3	25.19
Current Domestic Taxes	14.86M	19.8M	39.8M	40.2M	17M
Current Foreign Taxes	1.44M	4.7M	24.1M	43.1M	83.6M
Total Current Taxes	16.29M	24.5M	63.9M	83.3M	101M
Total Deferred Taxes	-2.94M	-1.1M	-8.7M	-5.6M	-800K
Normalized Net Income	44.22M	111M	131M	188M	264M
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	-	16.7M	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	20.3M	29.6M	43.5M
Stock-Based Comp., Other (Total)	1.2M	-	-	-	-
Total Stock-Based Compensation	1.2M	16.7M	20.3M	29.6M	43.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	712M	910M	1.48B	2.56B	2.88B
Securities Purchased Under Agreements To Resell	-	4.35B	3.2B	2.49B	3.12B
Securities Borrowed	-	-	2.5B	1.78B	2.86B
Accounts Receivable, Total	3.03B	4.19B	4.28B	6.84B	10.99B
Other Receivables	65.52M	134M	213M	219M	27.6M
Gross Property Plant And Equipment	51.41M	78.8M	96M	127M	161M
Accumulated Depreciation	-30.5M	-33.3M	-38.8M	-46.1M	-50M
Net Property Plant And Equipment	20.9M	45.5M	57.2M	80.7M	111M
Goodwill	209M	156M	164M	176M	237M
Other Intangibles, Total	21.6M	25.6M	56M	56.5M	98M
Investment In Debt and Equity Securities	117M	264M	636M	721M	286M
Trading Asset Securities, Total	919M	891M	2.32B	1.39B	2.91B
Other Current Assets, Total	1.01B	4.64B	2.52B	7.9B	10.76B
Deferred Tax Assets Long-Term (Collected)	4M	7.6M	21.4M	46.7M	30.6M
Other Long-Term Assets, Total	806M	139M	300M	46.1M	370M
Total Assets	6.91B	15.74B	17.75B	24.31B	34.68B
Liabilities
Accounts Payable, Total	4.28B	6.37B	6.34B	9.24B	10.06B
Accrued Expenses, Total	163M	265M	423M	478M	591M
Short-Term Borrowings	832M	4.82B	3.66B	3.21B	6.65B
Current Portion of Long-Term Debt	464M	435M	1.31B	2.12B	3.39B
Current Portion of Leases	6.03M	6.8M	13.2M	10.5M	9.9M
Long-Term Debt	656M	725M	908M	1.48B	2.35B
Long-Term Leases	16.99M	32.1M	39.4M	67M	87.4M
Current Income Taxes Payable	2.11M	8.9M	7.6M	41.9M	8.5M
Unearned Revenue, Current	873K	1M	500K	2.4M	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	5.44M	2.4B	4.27B	6.67B	10.25B
Deferred Tax Liability Non-Current	3.15M	100K	3.7M	4.5M	14M
Total Liabilities	6.43B	15.07B	16.97B	23.34B	33.41B
Common Stock, Total	23K	100K	100K	100K	100K
Additional Paid In Capital	134M	232M	232M	203M	227M
Retained Earnings	347M	455M	555M	722M	982M
Treasury Stock	-	-7.9M	-9.8M	-23.2M	-58.5M
Comprehensive Income and Other	-3.23M	-1.7M	-1.6M	75M	113M
Total Common Equity	478M	678M	776M	977M	1.26B
Minority Interest	-	-	-	-	-200K
Total Equity	478M	678M	776M	977M	1.26B
Total Liabilities And Equity	6.91B	15.74B	17.75B	24.31B	34.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	60.63M	60.63M	58.61M	70.29M	71.74M
ECS Total Common Shares Outstanding	60.63M	60.63M	58.61M	70.29M	71.74M
Book Value / Share	7.88	11.18	13.24	12.51	16.26
Tangible Book Value	247M	497M	556M	744M	928M
Tangible Book Value Per Share	4.08	8.19	9.49	9.19	11.58
Total Debt	1.97B	6.02B	5.93B	6.89B	12.49B
Net Debt	343M	-124M	-3.57B	-1.33B	725M
Equity Method Investments, Total	5.86M	5.6M	-	-	-
Full Time Employees	1.1K	1.6K	2.17K	2.42K	3.28K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	56.45M	98.2M	141M	218M	307M
Depreciation, Depletion & Amortization	6.63M	9.9M	15.2M	18M	9.9M
Amortization of Goodwill and Intangible Assets - (CF)	1.06M	1.7M	2.1M	5.5M	7.1M
Total Depreciation, Depletion & Amortization	7.69M	11.6M	17.3M	23.5M	17M
Amortization of Deferred Charges, Total	2.7M	2.2M	4.6M	5.3M	7.1M
(Gain) Loss On Sale of Asset - (CF)	84K	600K	100K	300K	-
(Gain) Loss on Sale of Investments - (CF)	-300K	300K	-66.9M	-188M	-
Total Asset Writedown	-	53.9M	15.9M	700K	12M
(Income) Loss On Equity Investments - (CF)	-	-	-800K	-	-
Stock-Based Compensation (CF)	-	16.7M	20.3M	29.6M	43.5M
Provision and Write-off of Bad Debts	-767K	8.5M	7.1M	-1.7M	-700K
Change in Trading Asset Securities	-630M	31.6M	-173M	-3.39B	-1.72B
Change in Accounts Receivable	-1.92B	3.17B	778M	-2.76B	-2.57B
Change In Inventories	-71.36M	44.3M	-128M	128M	-422M
Change in Accounts Payable	1.9B	-2.87B	-710M	2.95B	2.26B
Change in Other Net Operating Assets (Collected)	424M	115M	842M	4.11B	2.82B
Other Operating Activities	-10.99M	-147M	-12.9M	35.5M	-89.8M
Cash from Operations	-242M	537M	735M	1.16B	668M
Capital Expenditure	-3.72M	-5.2M	-9M	-11.7M	-13.1M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-12.46M	-36.9M	-90.3M	-11M	-242M
Purchase / Sale of Intangible Assets	-3.54M	-4.2M	-3.1M	-8.2M	-6.7M
Investment in Marketable and Equity Securities, Total	-40.28M	-402M	6.4M	-4.4M	-2.9M
Other Investing Activities, Total	13M	68.6M	-1.6M	-	-
Cash from Investing	-47M	-380M	-97.6M	-35.3M	-264M
Short Term Debt Issued, Total	438K	-	-	-	-
Long-Term Debt Issued, Total	742M	33.3M	-	6.4M	-
Total Debt Issued	743M	33.3M	-	6.4M	-
Short Term Debt Repaid, Total	-	-49.9M	-	-	-
Long-Term Debt Repaid, Total	-7.19M	-6.6M	-11.4M	-15M	-24.3M
Total Debt Repaid	-7.19M	-56.5M	-11.4M	-15M	-24.3M
Issuance of Common Stock	-	97.6M	-	73.1M	-
Repurchase of Common Stock	-	-7.9M	-3.1M	-19.8M	-44.1M
Common Dividends Paid	-20M	-6.6M	-58.3M	-77.1M	-55.5M
Common & Preferred Stock Dividends Paid	-20M	-6.6M	-58.3M	-77.1M	-55.5M
Other Financing Activities, Total	-6.42M	-18.7M	-	-4.8M	-
Cash from Financing	709M	41.2M	-72.8M	-37.2M	-124M
Foreign Exchange Rate Adjustments	-	-	8.8M	-17.9M	58.8M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-13.5M
Net Change in Cash	420M	198M	573M	1.07B	325M
Supplemental Items
Cash Interest Paid	6.42M	18.7M	-	522M	751M
Cash Income Tax Paid (Refund)	18.34M	18M	55.9M	58.1M	141M
Net Debt Issued / Repaid	736M	-23.2M	-11.4M	-8.6M	-24.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.06	0.93	0.84	1.04	1.04
Return On Equity %	12.25	17	19.44	24.87	27.48
Return on Common Equity	12.25	15.86	19.44	23.36	26.25
Margin Analysis
Gross Profit Margin %	38.86	34.48	66.13	67.67	70.54
SG&A Margin	33.32	33.34	42.06	42.07	43.57
Income From Continuing Operations Margin %	5.1	7.43	7.51	9.25	10.73
Net Income Margin %	5.1	7.43	7.51	9.25	10.71
Net Avail. For Common Margin %	5.1	6.93	7.51	8.69	10.25
Normalized Net Income Margin	4	8.38	6.98	7.99	9.21
Asset Turnover
Asset Turnover	0.21	0.13	0.11	0.11	0.1
Short Term Liquidity
Current Ratio	1	1.06	1.03	1.06	1.08
Quick Ratio	0.82	0.73	0.87	0.7	0.74
Operating Cash Flow to Current Liabilities	-0.04	0.04	0.05	0.05	0.02
Long Term Solvency
Total Debt/Equity	413.32	888.79	764.08	705.45	988.35
Total Debt / Total Capital	80.52	89.89	88.43	87.58	90.81
LT Debt/Equity	140.86	111.72	122.09	158.86	192.63
Long-Term Debt / Total Capital	27.44	11.3	14.13	19.72	17.7
Total Liabilities / Total Assets	93.08	95.7	95.63	95.98	96.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	46.09	19.44	86.29	25.22	21.76
Gross Profit, 1 Yr. Growth %	35.74	6.3	75.02	28.13	26.93
Earnings From Cont. Operations, 1 Yr. Growth %	28.81	73.81	43.89	54.28	41.24
Net Income, 1 Yr. Growth %	28.81	73.81	43.89	54.28	40.92
Normalized Net Income, 1 Yr. Growth %	22.89	150.07	88.61	43.32	40.27
Diluted EPS Before Extra, 1 Yr. Growth %	28.81	64.1	50.23	49.45	42.01
Common Equity, 1 Yr. Growth %	7.64	41.87	14.49	25.91	29.37
Total Assets, 1 Yr. Growth %	83.39	199.05	12.74	38.05	42.62
Tangible Book Value, 1 Yr. Growth %	7.01	100.81	12.02	33.72	24.8
Cash From Operations, 1 Yr. Growth %	428.09	-296.31	225.8	58.3	-42.63
Capital Expenditures, 1 Yr. Growth %	10.65	36.84	150	30	11.97
Dividend Per Share, 1 Yr. Growth %	15.38	-	-	-32.3	110.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	41.95	32.09	51.01	52.73	23.48
Gross Profit, 2 Yr. CAGR %	38.51	19.93	51.61	49.75	27.53
Earnings From Cont. Operations, 2 Yr. CAGR %	24.55	49.69	58.14	49	47.62
Net Income, 2 Yr. CAGR %	24.55	49.69	58.14	49	47.45
Normalized Net Income, 2 Yr. CAGR %	17.9	75.48	72.35	69.34	42.42
Diluted EPS Before Extra, 2 Yr. CAGR %	24.55	47.75	61.17	41.42	45.68
Common Equity, 2 Yr. CAGR %	6.93	23.58	27.45	20.06	27.63
Total Assets, 2 Yr. CAGR %	63.63	104.44	83.62	24.27	40.32
Tangible Book Value, 2 Yr. CAGR %	3.51	46.61	48.78	22.39	29.19
Cash From Operations, 2 Yr. CAGR %	223.23	242.46	24.95	127.1	-4.7
Capital Expenditures, 2 Yr. CAGR %	16.13	24.35	53.9	80.28	20.65
Dividend Per Share, 2 Yr. CAGR %	-	-	21.11	-	19.44
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	42.25	34.01	35.44	41.87	41.62
Gross Profit, 3 Yr. CAGR %	124.91	26.68	57.79	43.34	41.72
Earnings From Cont. Operations, 3 Yr. CAGR %	77.16	39.22	47.73	56.84	46.36
Net Income, 3 Yr. CAGR %	77.16	39.22	47.73	56.84	46.25
Normalized Net Income, 3 Yr. CAGR %	16.03	51.58	54	62.07	59.05
Diluted EPS Before Extra, 3 Yr. CAGR %	77.16	38.01	49.42	43.1	41.62
Common Equity, 3 Yr. CAGR %	7.74	17.5	20.47	26.93	23.09
Total Assets, 3 Yr. CAGR %	70.45	82.74	67.65	66.53	30.11
Tangible Book Value, 3 Yr. CAGR %	1.12	29.11	34.03	43.58	23.19
Cash From Operations, 3 Yr. CAGR %	22.88	185.22	152.27	35.2	43.56
Capital Expenditures, 3 Yr. CAGR %	53.49	23.52	38.84	45.48	53.81
Dividend Per Share, 3 Yr. CAGR %	-	-	19.17	-0.24	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	27.51	32.98	37.39	33.82	30.52
Gross Profit, 5 Yr. CAGR %	77.7	85.15	101.14	48.06	44.91
Earnings From Cont. Operations, 5 Yr. CAGR %	22.47	41.19	69.32	43.05	47.69
Net Income, 5 Yr. CAGR %	22.47	41.19	69.32	43.05	47.62
Normalized Net Income, 5 Yr. CAGR %	22.05	47.44	35.95	42.72	49
Diluted EPS Before Extra, 5 Yr. CAGR %	22.47	40.46	70.48	35.29	39.82
Common Equity, 5 Yr. CAGR %	5.03	12.72	15.23	18.52	23.28
Total Assets, 5 Yr. CAGR %	43.5	70.75	66.31	56.62	55.89
Tangible Book Value, 5 Yr. CAGR %	1.25	16.58	18.4	26.38	32.07
Cash From Operations, 5 Yr. CAGR %	51.69	41.24	41.34	118.92	70.91
Capital Expenditures, 5 Yr. CAGR %	24.24	25.21	54.3	33.5	31.25
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	19.28