London, 7 April 2021: Marex (the ‘Group’), an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, has today reported record results for the year ended 31 December 2020. The Group continued its positive trajectory with its seventh consecutive year of increased adjusted operating profit before taxation, as well as diversified earnings across geographies, products and clients.
The results were up across every metric, with the Group’s gross revenues up 37% at $762.4 million (2019: $554.9 million), net revenues up 18% at $414.7 million (2019: $352.2 million) and adjusted operating profit before taxation up 15% at $61.5 million (2019: $53.4 million). These results demonstrate the success of Marex’s business model and disciplined approach to risk management in an exceptionally challenging year in which, against the backdrop of the Covid-19 pandemic, Marex continued to expand through acquisition and ongoing organic growth.
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