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NEW YORK - On Wednesday, Marex Group plc (NASDAQ:MRX), a diversified global financial services platform, reported second quarter earnings that exceeded analyst expectations, driven by strong performance in its Agency and Execution segment.
The company’s shares surged 9.45% in pre-market trading after the release.
The company reported second quarter adjusted earnings per share of $1.02, beating analyst estimates of $0.93, while revenue climbed 18% year-over-year to $500.1 million, surpassing the consensus estimate of $470.53 million. The strong performance was primarily fueled by a 59% increase in Agency and Execution revenue to $260.8 million, with Securities revenues increasing 80% and Energy revenues rising 31%.
"I am delighted with our very strong performance," said Ian Lowitt, Group Chief Executive Officer. "The second quarter, at $106 million of Adjusted Profit Before Tax, was up 16% on Q2 of last year, which was a tough comparator as we benefited from unusually positive market making opportunities."
Marex’s Clearing revenue increased 12% to $138.8 million, while Market Making revenue decreased 17% to $57.4 million compared to a record second quarter last year. The company maintained a robust Return on Equity at 28% for the quarter with a Reported Profit Before Tax margin of almost 21%.
The company declared a quarterly dividend of $0.15 per share, to be paid on September 11, 2025, to shareholders of record as of August 26, 2025.
Marex has been actively executing its growth strategy, completing acquisitions of Agrinvest, a Brazilian agricultural commodities business, and Hamilton Court Group, expanding its FX capabilities in EMEA. The company also announced the acquisition of Winterflood Securities on July 25, enhancing its UK cash equities business.
The company’s balance sheet remains strong with total available liquid resources of $3.4 billion as of June 30, 2025, up from $2.4 billion at the end of 2024, providing significant flexibility to support clients during periods of market volatility.
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