Slide 1: Diversified Resilient Dynamic
Diversified Resilient Dynamic Investor Presentation May, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking
Slide 3: Strategy Overview
MAREX Strategy Overview
Slide 4: Highly experienced management team
Highly experienced management team Ian Lowitt Paolo Tonucci Rob Irvin Group CEO Chief Strategist Group CFO and CEO Capital Markets Ian joined Marex in November 2012 Paolo joined Marex in May 2018 as Rob joined Marex in March 2023 as as CFO and became CEO in 2016. COO, became CFO in 2020 and is CFO.
Slide 5: Providing market access, infrastructure services and liquidity that connects our clients to markets globally
Providing market access, infrastructure services and liquidity that connects our clients to markets globally Clearing Asset managers & other Agency & Execution market participants Revenue model Risk management Revenue model Risk management Commission per trade Credit risk managed by Commission per t
Slide 6: Highly attractive and resilient financial profile
Highly attractive and resilient financial profile Revenue ($m) 1 2 2,024 1,595 Diversified and high-quality Track record of consistent 1,245 revenue mix strong profit growth 543 711 415 2020 2021 2022 2023 2024 2025 Adjusted Profit Before Tax1 ($m) 3 4 418 Well-capitalized with prudent Disciplined c
Slide 7: Marex financial profile at a glance in 2025
Marex financial profile at a glance in 2025 Diversified and resilient business segment mix 11% 8% $2bn +27% Adjusted PBT1 37% Revenue YoY Clearing Agency & Execution Market Making 44% Hedging & Investment Solutions $418m +30% Adjusted PBT1 YoY Geographic breadth 8% and diversification Adjusted PBT1
Slide 8: The same strategy – broader capabilities and larger opportunity
The same strategy – broader capabilities and larger opportunity Strategic pillars at IPO How it has scaled and evolved Meaningful driver of growth, driven by Scaling with larger institutional clients greater share of wallet and cross-sell Clients Expanding infrastructure-led revenues Increase recurr
Slide 9: Scaling with larger institutional clients
Scaling with larger institutional clients Revenue by client size band Active clients +19% YoY Active clients (>$25k)1 Revenue by client size ($m) Growth driven primarily by existing clients increasing activity across the platform Client size bands 2024 2025 △ % YoY 2024 2025 △ % YoY • All 49 top-tie
Slide 10: Earnings mix shifting toward infrastructure businesses
Earnings mix shifting toward infrastructure businesses Infrastructure businesses drive recurring, high margin Adjusted PBT1 by infrastructure reliance and scalable earnings Higher proportion of recurring, infrastructure-based earnings than at IPO 418 +$188m High: Clearing, Prime and financing now dr
Slide 11: High quality and reliable earnings
High quality and reliable earnings Distribution of average monthly Adjusted PBT Distribution of daily Adjusted PBT1 +/- 5.6 # of days 2024 Average has shifted 1 2025 right by ~$400k +/- 5.2 +/- 4.5 34.8 2 3 Small tail Increasing number of larger 26.8 with only 6 transactions with sophisticated clien
Slide 12: Building scale today to drive sustainable margin expansion over time
Building scale today to drive sustainable margin expansion over time Adjusted Profit Before Tax1 Margin expansion Expect gradual margin expansion while investing in growth Adjusted PBT1 ($m) Adjusted PBT Margin1 1 Business mix evolving towards higher-margin, infrastructure- led activities 14.8% 14.7
Slide 13: Disciplined M&A: operating from a position of choice
Disciplined M&A: operating from a position of choice Pipeline 2025 6 bolt-on Targeted acquisitions Focus on high- Screen 100+ acquisitions to fill geographic or barrier, scalable opportunities product gaps businesses M&A criteria Average PAT ~6x pre-synergies | ~5x post-synergies multiple3 Profit Be
Slide 14: AI an accelerator of growth, also reinforcing our competitive advantage
AI an accelerator of growth, also reinforcing our competitive advantage Accelerator of growth and productivity Scalable, controlled Increased productivity of programmers, Improved engagement and resilient growth driving efficiencies with clients + Reinforcing rather than disrupting our competitive p
Slide 15: Digital Assets: exposure to an uncorrelated and expanding asset class
Digital Assets: exposure to an uncorrelated and expanding asset class Established presence in digital assets, with capabilities primarily Digital asset natives in Clearing, Solutions, Prime Services and Financing • New products quick to market • Lack of balance sheet • Typically narrower focus • Unr
Slide 16: Proposed redomicile of Marex Group plc to Bermuda
Proposed redomicile of Marex Group plc to Bermuda New corporate structure will better align with how we operate today as a global business Current structure Principal objective is to create shareholder value by: • Marex Group plc – incorporated in England, listed in the US 1 Simplifying our corporat
Slide 17: Conclusion and Outlook
Conclusion Opportunity set materially expanded since IPO Outlook Competitive position significantly strengthened ~10% Earnings mix increasingly infrastructure-led, recurring & resilient Organic Adjusted PBT1 growth annually + Inorganic growth Stronger organization with deeper capability and experien
Slide 18: Financial performance
MAREX’ lal inanc F co) O Cc © = Oo = ® or
Slide 19: Financial highlights: Q1 2026
Financial highlights: Q1 2026 ($m) Q1 2026 Q1 2025 % Change2 First quarter 2026: another record quarter Revenue 692.3 467.3 48 % Front Office Costs (374.3) (258.4) 45 % Revenue Control and Support Costs (153.2) (106.8) 43 % $692m Depreciation and amortization (8.8) (6.5) 35 % +48% YoY driven by str
Slide 20: Delivered strong performance in key financial metrics
Delivered strong performance in key financial metrics Revenue ($m) Adjusted Profit Before Tax ($m)1 Margin 20.6% 22.1% +48% +59% Return on Equity (%) Basic Earnings Per Share ($) +570 bps +55% TTM EPS2 $3.33 $4.66 Note(s) (charts may not directly cast due to rounding): 1. These are non-IFRS financ
Slide 21: Clearing – strong growth in client balances and activity
Clearing – strong growth in client balances and activity Quarterly performance Revenue ($m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net Commission Income 68 72 66 70 88 Net Interest Income 48 59 62 59 68 Net Trading Income 3 8 6 8 (18) Total 119 139 134 137 137 YoY growth 15% Recovery/(Provision) f
Slide 22: Agency and Execution – broad-based growth across Securities and Energy
Agency and Execution – broad-based growth across Securities and Energy Quarterly performance Revenue ($m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Prime 53 61 57 87 74 FX 6 8 26 27 32 Credit 14 19 16 15 11 Rates 28 31 29 26 34 Equities 49 50 53 55 63 Other securities (0.1) (0.6) 0.0 (0.1) 0 Securiti
Slide 23: Market Making – strong performance benefitting from elevated volatility
Market Making – strong performance benefitting from elevated volatility Quarterly performance Revenue ($m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Metals 23 41 24 50 65 Ags 7 — — 4 10 Energy 9 11 7 7 32 Securities 14 5 13 20 33 Total 53 57 44 81 140 YoY growth +164% +232% YoY Adjusted PBT1 ($m) Adj
Slide 24: Hedging and Investment Solutions – record quarter driven by client activity and platform investments
Hedging and Investment Solutions – record quarter driven by client activity and platform investments Quarterly performance Revenue ($m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Hedging Solutions 14 20 23 23 36 Financial Products 31 21 26 40 58 Total 45 41 48 63 93 YoY growth +107% +195% YoY Adjusted
Slide 25: Net interest income and average balances
Net interest income and average balances NII and total average balances1 YoY NII Movements Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net Interest YoY Avg. Fed Q1 2025 Q1 2026 Drivers 4.3% 4.3% 4.3% 3.9% 3.6% Income ($m)4 Change Funds rate NII ($m) 53.4 34.6 38.6 26.1 40.9 • Avg. Fed Funds rate: -70 bp
Slide 26: Vast majority of balance sheet driven by client activity
Vast majority of balance sheet driven by client activity Total1 Client Activities (Mar-26) Residual Client Repurchase Assets/Liabilities Period End ($bn) Dec-25 Mar-26 Securities Derivatives Mar-26 Balances Agreements Held for Sale Driven by client activity Cash and Liquid Assets2 7.0 8.6 5.5 — — —
Slide 27: Prudent approach to capital and liquidity underpins Investment Grade ratings
Prudent approach to capital and liquidity underpins Investment Grade ratings Regulatory Capital1 vs. Capital Requirement2 ($m) Total Funding Sources ($bn) Total Capital 230% 253% Liquidity 1.0 1.4 Ratio3 Headroom Note(s): Some of the funding shown above is denominated in other currencies that have b
Slide 28: Client-driven business model and robust risk management
Client-driven business model and robust risk management Market Making daily revenue distribution Q1 2026 Track record of low realized group credit losses Number of days by trading profitability As a % of revenue $0 0.1% 0.3% —% —% Q1 2026 daily average VaR1 $5.0m ($m) Positive Market Making trading
Slide 29: Appendix
MAREX | Appendix
Slide 30: Run by a highly experienced management team
Run by a highly experienced management team Cultivating an environment where talent …led by our experienced executive team can thrive… Years at Marex Industry experience Strong culture and values that revolve around 13 36 8 32 3 17 5 25 6 29 respect, integrity and development Actively working to inc
Slide 31: Competitive environment improving further
Competitive environment improving further Investment & Barriers to entry Small Independents Commercial Banks • Depth of product knowledge and • Lacking global presence and narrow • Increasing focus on their expertise across asset classes product coverage largest clients • Global reach providing 24/6
Slide 32: Growth trends driving our markets
Growth trends driving our markets Long-term secular drivers Accelerating growth in exchange contracts across Marex addressable markets • Demand for cleared products and derivatives (# contracts, bn) • Increasing demand for energy and commodities 10% • Financial markets expansion CAGR • Demographic t
Slide 33: Focused on organic growth with track record of value-accretive acquisitions
Focused on organic growth with track record of value-accretive acquisitions Scalable Growth Strategy Adjusted Profit Before Tax1 Recent M&A ($m) Prime brokerage & outsourced M&A3 $418 trading business Organic2 Clients ~25% + M&A3 $321 ~75% Organic2 ~15% Products ~85% $230 + Geography Organic growth
Slide 34: Driving growth through bringing new clients onto our platform
Driving growth through bringing new clients onto our platform Bringing new clients …and widening the …diversifying the client base… onto our platform… list of large clients Number of active clients1 Number of clients $25k - $5m of revenue Number of clients >$5m of revenue +19% YoY +36% YoY +19% YoY
Slide 35: Unique service offering and market leading position
Unique service offering and market leading position Marex’s Primary Competitors by Core Businesses1 Hedging and Investment Clearing Mid-market Agency and Execution Solutions ✓ ✓ ✓ ✓ ✓ FCMs and Brokerage ✓ ✓ ✓ ✓ ✓ ✓ No structured notes business ✓ Inter-dealer Brokers ✓ Focused on Financial markets ✓
Slide 36: Interest rate sensitivity
Interest rate sensitivity Fed funds forward curve Illustrative Adjusted Profit Before Tax Movement from rate sensitivity2 ($m) 6.0% +1.0% 20 5.0% +0.5% 10 4.0% 3.0% (0.5%) -10 Implied year-end rate ~3.1% at 2.0% December 20261 (1.0%) -20 1.0% Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 J
Slide 37: Profit Before Tax to Adjusted Profit Before Tax Reconciliation
Profit Before Tax to Adjusted Profit Before Tax Reconciliation 3 months ended 3 months ended ($m) 31 March 2026 31 March 2025 Profit After Tax from Continuing Operations 112.3 72.5 Taxation charge 37.5 25.5 Profit Before Tax from Continuing Operations 149.8 98.0 Bargain purchase gain1 0.0 (3.4) Amor
Slide 38: Profit Before Tax to Adjusted Profit Before Tax Reconciliation
Profit Before Tax to Adjusted Profit Before Tax Reconciliation 12 months ended 12 months ended 12 months ended 12 months ended ($m) 31 December 2025 31 December 2024 31 December 2023 31 December 2022 Profit After Tax from Continuing Operations 307.9 218.0 141.3 98.2 Taxation charge 103.7 77.8 55.2 2
Slide 39: Adjusted Sharpe Ratio (of Adjusted Profit Before Tax) Reconciliation
Adjusted Sharpe Ratio (of Adjusted Profit Before Tax) Reconciliation FY 2024 FY 2025 Average Monthly Profit After Tax ($m) 18.2 25.6 Standard Deviation on Monthly Profit After Tax1 3.9 4.0 We define the Adjusted Sharpe ratio as the average of monthly Adjusted Profit Before Reported Sharpe Ratio 4.7