TP ICAP Group plc (LSE:TCAP) reported a 7% rise in group revenue for the first nine months of 2025, reaching £1,783 million, supported by strong results in its Global Broking and Liquidnet divisions. In contrast, the Energy & Commodities division experienced a slowdown, attributed to increased competition for broking talent. The company expects its current recruitment efforts to strengthen performance in that segment from 2026 onward. TP ICAP continues to pursue sustainable growth across its Parameta Solutions business and is evaluating a potential minority listing in the US. The Board remains confident in achieving full-year market expectations for adjusted EBIT, noting that a significant portion of the firm’s revenue and costs are denominated in US dollars.
TP ICAP’s outlook remains underpinned by steady financial performance, strong cash generation, and a solid balance sheet. The company’s valuation is considered attractive, supported by a reasonable P/E ratio and a robust dividend yield. While technical indicators suggest a neutral to slightly bearish short-term trend, the overall long-term view remains stable.
More about TP ICAP Group plc
TP ICAP Group plc is the world’s largest wholesale market intermediary, facilitating transactions between buyers and sellers across global financial, energy, and commodities markets. The company provides brokerage, data, analytics, and market intelligence services from more than 60 offices in 28 countries, leveraging advanced technology to enhance liquidity and market transparency.
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