TP ICAP Group plc (TCAP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, and welcome to the TP ICAP Group's interim results presentation. At this time, all the participants are in listen-only mode. Later, we will conduct a question and answer session. If you wish to ask a question, we ask that you please use the raised hand function at the bottom of your Zoom screen. If you have dialed in, please press star 9 to raise your hand and star 6 to unmute. Instructions will also follow at the time of the Q&A. I would like to remind all participants that this call is being recorded. Questions will follow after the presentation. I will now hand the call over to Nicola Bresso, the Group CEO to start the presentation. Thank you. Good morning everyone and thank you for joining us. This is our agenda today. I start with the highlights. Robin will take you to the financial results I then look at the operational performance of each division and wrap up before we take questions. So let's start with the headlines where growth rates are in constant currency. We have delivered a strong first half. Group revenue increased 8% to 1.3 billion with an excellent performance from global broking and disciplined execution across the group. Group adjusted EBIT grew 9% to $196 million and we are proposing an interim dividend of 5.6 pence, an increase of 8%. We've also announced another share buyback of $30 million today. This takes total distributions announced since 2023 to around $660 million, including $110 million of buybacks this year. In addition, we have made good progress on strategic initiatives with the completion of our Vantage Capital Markets acquisition, which adds to our capabilities in Asia Pacific. The launch of our new dealer-to-crime credit platform, RealQ. And excellent progress on transformation plan, where we now expect to ex...