Marex Group plc (MRX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thanks for joining us today for Marek's first quarter 2025 earnings conference call. Speaking today are Ian Lowitz, Group Chief Executive Officer, and Rob Irvin, Group Chief Financial Officer. After Ian and Rob have made their formal remarks, we will open the call to questions. Before we begin, I would like to remind everyone that certain matters discussed in today's conference call are forward-looking statements relating to future events management's plans and objectives for the business, and the future financial performance of the company that are subject to risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. The risk factors that may affect results are referred to in Marek's press release issued today. The forward-looking statements made today are as of the date of this call, and Marek does not undertake any obligation to update these forward-looking statements. Finally, the speakers may refer to certain adjusted or non-IFRS financial measures on this call. A reconciliation schedule of the non-IFRS financial measures to the most directly comparable IFRS measures is also available in the press release issued today. A copy of today's press release and investor presentation may be obtained by visiting the investor relations page of the website at marix.com. I'll now hand the call over to Ian. Good morning and welcome to our first quarter 2025 earnings call. This was a strong first quarter performance with adjusted profit before tax of $96 million at the top end of the preliminary range we published at our investor day and subsequently with our F1 filing. We've had a very busy few weeks since the end of the quarter. We hosted our inaugural investor day on April 2nd, had...