Marex Records 29% Increase in Net Revenue for Full Year 2022

Marex, an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, released it financial results for the full year ended 31 December 2022, seeing a strong financial performance driven by clients activity on the platform.

• Net revenue reached $701.5 million for the full year 2022, a significant increase of 29% compared to $542.6 million in 2021, higher than the $698 million the Group had predicted in January​.

• Adjusted operating profit before tax (PBT) jumped by 53% from $79.6 million in 2021 to $121.7 million in 2022.

• Revenue generation and the increasing scale of the business resulted in Operating PBT margins increasing to 17.3%, 260bps higher than 14.7% in 2021.

• Return on equity (ROE) came in at 17.7% for the year, comparing with 14.2% in the prior year.

Ian Lowitt, Marex CEO, commented: "We are delighted with these record results. The strong revenue growth reflects the increasing demand from our clients, who recognize our deep expertise and ability to deliver quality service and solutions.

"We remain focused on our strategic growth initiatives, which are diversifying our business by adding products to our service segments and expanding geographically. A particular highlight this year has been the acquisition of the ED&F Man Capital Markets business, which materially expands our footprint, expertise and clients across the world.

"This is a very exciting time for Marex, and I'd like to thank our people for their commitment to delivering excellent service for clients through a volatile year. The outlook for Marex is very positive, we have had a strong start to 2023 and I am confident that we can continue to deliver sustainable growth and build an even more diversified, resilient and dynamic firm."