Marex Group plc reported record financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, revenue grew by 28% to $415.6 million, up from $325.6 million in Q4 2023, driven by strong organic growth and market share gains across all businesses.
Reported Profit Before Tax for Q4 2024 increased by 97% to $77.8 million, compared to $39.4 million in the prior year period. Adjusted Profit Before Tax for the quarter rose 55% to $81.4 million, with Adjusted Profit Before Tax Margin improving to 20% from 16% in Q4 2023.
For the full year 2024, revenue increased 28% to $1,594.7 million, and Adjusted Profit Before Tax grew 40% to $321.1 million, up from $230.0 million in 2023. The company highlighted its diversified global platform's strength and scalability, delivering strong organic growth and sequential profit increases.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.