Marex Sees 29% YoY Rise in Net Revenues in H1 2022

Marex, an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, today reported its financial results for the six months to 30 June 2022 (H1 2022).

More specifically, the group registered a net revenue of $334 million, up 29 percent compared to the previous year's $259 million. Adjusted Operating PBT rose 70 percent YoY to $59 million from $34.8 million in H1 2021, reflecting successful organic growth and higher interest income. 

Client assets increased 29 percent to $7 billion at 30 June 2022. Moreover, total capital ratio jumped to 186% from 138% during the same period last year.

"I am extremely pleased to report another record half year result, which demonstrates the earnings power of our franchise against the strong comparative periods of 2021 and 2020, which benefited from Covid-related volatility," Ian Lowitt, Marex CEO, commented, "I am proud of how our business has successfully navigated the recent market volatility, which at times has been extremely challenging, continuing to provide liquidity and support to our clients. This performance also underlines how our growth strategy of investing to increase the range of what we can offer our clients, whilst also diversifying the firm, is bearing fruit – and how profitable we can be when supported by macroeconomic tailwinds."

"The acquisition of ED&F Man Capital Markets will represent a significant milestone for the firm, transforming our scale and Marex's reach across products and geographies. These are exciting times for Marex as we continue to realise our ambitions and execute our strategic plan,”Ian added.

Most recently, the company announced acquisition of ED&F Man Capital Markets​.