Nicolas Breteau, Group CEO, said:
“TP ICAP delivered another year of strong revenue and profit growth. At constant currency1, our Global Broking franchise achieved record revenue growth of 10%, while total Group revenue increased by 6% to £2.4bn, and adjusted EBIT1 increased 10% to £348m. This continues the momentum we have built since 2021, with adjusted EBIT compounding at 9% annually.
“This strong performance reflects the disciplined execution of our strategy. We grew the business, maintained strict cost control and continued to drive operating leverage. This is evident in our increasingly diversified buy-side and sell-side offering, with both Global Broking and Liquidnet delivering record profitability.
“Reflecting our strong financial delivery, operational progress and continued capital discipline, I am pleased to announce the launch of an £80m share buyback. This distribution includes £50m from our legal entities rationalisation programme, delivered ahead of schedule.
“We operate at the centre of the world’s most complex financial markets, which present significant long‑term opportunities. We remain confident in our outlook, supported by the strength of our diversified business and disciplined delivery of our strategy.”
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