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TP ICAP Group PLC
F:8D7

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TP ICAP Group PLC
F:8D7
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Price: 2.78 EUR 0.72% Market Closed
Market Cap: 2.1B EUR

TP ICAP Group PLC
Investor Relations

In the intricate tapestry of global financial markets, TP ICAP Group PLC has carved out a distinct niche as a leading interdealer broker. This London-based firm acts as a pivotal intermediary, bridging the gap between buyers and sellers in financial markets where direct trade might be challenging. Situated at the confluence of global capital flows, TP ICAP facilitates transactions across various asset classes, including equities, bonds, foreign exchange, energy, and commodities. The company's expertise lies in providing liquidity and efficient price discovery, making it an invaluable player in markets characterized by low transparency and high complexity.

TP ICAP generates revenue through commissions and fees by matching buyers and sellers and executing trades on their behalf. Its robust network of brokers leverages sophisticated technology platforms and deep market knowledge to serve institutional clients ranging from banks and hedge funds to asset managers and corporates. Beyond traditional brokerage, TP ICAP has also diversified into data, analytics, and post-trade services, offering clients additional insights and tools to optimize their trading strategies and manage risk. This diversified service suite not only enhances customer value but also provides TP ICAP with multiple streams of income, cementing its role as a dynamic financial intermediary in the ever-evolving landscape of capital markets.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 6, 2025
AI Summary
Q2 2025

Record Revenue: TP ICAP reported record group revenue of GBP 1.2 billion for H1, up 9%, capitalizing on favorable market conditions.

Profit Growth: Adjusted EBIT grew 10% to GBP 184 million and margins improved to 15%, with strong cost control.

Buyback & Cash: Announced a new GBP 30 million share buyback, bringing total buybacks and dividends to GBP 400 million over 2 years. Debt reduced by GBP 100 million.

Strong Divisions: Global Broking revenue up 12%, Liquidnet revenue up 15% with a 38% EBIT increase, and Parameta Solutions revenue up 5%.

Operational Efficiency: On track for annualized savings of GBP 25 million by 2025 and GBP 50 million by 2027.

Guidance Unchanged: Guidance for adjusted EBIT and significant items in 2025 remains unchanged despite FX headwinds.

Cloud & AI Progress: 55% of IT systems now migrated to the cloud, aiming for 80% by end of 2026, with expanded use of AI tools.

Strategic Diversification: Recent Neptune Networks acquisition to boost credit platform. Continued focus on diversification and tech investment.

Key Financials
Revenue
GBP 1.2 billion
Adjusted EBIT
GBP 184 million
Adjusted EBIT Margin
15%
Productivity
up 8%
Interim Dividend per Share
5.2p
Adjusted Basic Earnings per Share
17.6p
Operating Cash Flow
GBP 24 million
Share Buyback Announced
GBP 30 million
Total Buybacks and Dividends (past 2 years)
GBP 400 million
Debt Reduced (past 2 years)
GBP 100 million
Leverage Ratio
1.6x
Surplus Cash Generation (2026–27)
GBP 200 million
Operational Savings Realized
GBP 20 million annualized
Global Broking Revenue
GBP 712 million
Liquidnet Revenue
GBP 195 million
Liquidnet Adjusted EBIT
GBP 33 million
Parameta Solutions Revenue
GBP 100 million
Parameta Solutions Adjusted EBIT
GBP 36 million
Energy & Commodities Revenue
GBP 238 million
Group Cash Balance (end of June)
GBP 867 million
Earnings Call Recording
Other Earnings Calls
2025
2022

Management

Mr. Robin James Stewart
CFO & Executive Director
No Bio Available
Mr. Philip Price
Group General Counsel & Executive Director
No Bio Available
Mr. Max Spoto
Group Chief Operating Officer
No Bio Available
Mr. Dominic Lagan
Head of Investor Relations
No Bio Available
Mr. Amir Zaidi
Global Head of Compliance
No Bio Available
Richard Newman
Group Head of Marketing & Communications
No Bio Available
Ms. Susan Maple
Group Head of Human Resources
No Bio Available
Mr. Andrew Aristotle Polydor
Chief Executive Officer of Energy & Commodities
No Bio Available
Mr. Mark Allen
Chief Operating Officer of Institutional Services Division
No Bio Available
Mr. John Martin
Managing Director of Coex Partners - New York
No Bio Available

Contacts

Address
London
135 Bishopsgate
Contacts
+442072007000
tpicap.com