March 12 (Reuters) - TP ICAP reported a 3.6% jump in annual pre-tax profit on Thursday, driven by volatile markets last year and strong performance in its global broking and Liquidnet electronic
TP ICAP Sees 3.6% Profit Surge on Market Volatility and Trading Growth
Annual Financial Performance and Market Impact
Profit Growth Driven by Market Volatility
March 12 (Reuters) - TP ICAP reported a 3.6% jump in annual pre-tax profit on Thursday, driven by volatile markets last year and strong performance in its global broking and Liquidnet electronic trading divisions.
Market Conditions and Company Benefits
Firms such as TP ICAP, which typically facilitate financial trading, have benefited from erratic global markets and volatility, further exacerbated by the ongoing Middle East conflict, which has driven sharp swings in equities, oil, and currency markets.
Response to Geopolitical Events
In response to the Middle East conflict, the firm said it aimed to deliver uninterrupted services to its clients amid heightened volatility and elevated market volumes.
Share Performance and Financial Results
Shares of the world's largest inter-dealer broker were up 3.5% in early trade.
TP ICAP reported adjusted pretax profit for the year ended December 31, 2025, of 314 million pounds ($420.26 million), up from 303 million pounds in 2024.
Outlook for 2026
It expects adjusted operating profit for fiscal 2026 to be in line with current market expectations of 361 million pounds.
Currency Exchange Rate
($1 = 0.7473 pounds)
Reporting Credits
(Reporting by Rishab Shaju in Bengaluru; Editing by Rashmi Aich)
