REG - TP ICAP Group plc - Trading Statement

TP IcapAnnouncement

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RNS Number : 0602E  TP ICAP Group plc  13 May 2026

TP ICAP GROUP PLC (the "Group")

 

13 May 2026

 

Trading Update for the three months ended 31 March 2026

 

Record Q1 result driven by strong execution amid favourable market conditions

The Group delivered record total revenue of £689 million in Q1 2026, an
increase of 13 per cent(*) year-on-year. This excellent result was led by
Global Broking and Energy & Commodities, with revenues +15 per cent and
+13 per cent respectively. During the quarter we demonstrated strong execution
across all asset classes and regions, set against volatile market conditions
and elevated trading volumes.

Liquidnet also performed well, with revenue +9 per cent as it continued to
expand both its core equities platform and multi-asset agency execution
business. At Parameta Solutions, recently added sales reps are beginning to
contribute and the business remains focused on buy-side engagement, new logos,
upsell and retention, with Q1 revenue +4 per cent.

Outlook

The record Q1 result represents a very strong start to the year, reflecting
the disciplined execution of our strategy to grow our business while
maintaining strict cost discipline, and supported by favourable market
conditions. As market leaders we are well-positioned to continue to support
our clients with highly trusted, reliable execution, and insight as they
manage their risk during the continuing macroeconomic and geopolitical
uncertainty.

The Board remains comfortable with the outlook for the remainder of the year
at current FX rates(**).

(*) Growth rates shown are versus prior year period at constant currency.

(**) Approximately 60 per cent of Group revenues and 40 per cent of Group
costs are USD-denominated.

2026 Annual General Meeting

The Group will host its Annual General Meeting today, Wednesday 13 May 2026,
at 2.15pm (BST) at the offices of Allen & Overy Shearman Sterling LLP, One
Bishops Square, London, E1 6AD.

2026 interim results

The Group will report its interim results for the six months ended 30 June
2026 on 6 August 2026.

Forward looking statements

This document contains forward looking statements with respect to the
financial condition, results and business of the Company. By their nature,
forward looking statements involve risk and uncertainty and there may be
subsequent variations to estimates. The Company's actual future results may
differ materially from the results expressed or implied in these
forward-looking statements.

 

Enquiries

Analysts & Investors
Derek Brown, Head of Investor Relations

Marjon Narula, Investor Relations Manager
Direct: +44 (0) 20 3933 0694

Email:  investorrelations@tpicap.com (mailto:investorrelations@tpicap.com)
 

 

Media
Richard Newman
Direct: +44 (0) 7469 039 307

Email: richard.newman@tpicap.com (mailto:richard.newman@tpicap.com)

Iain Dey (Teneo)
Direct: +44 (0) 7976 295 906

 

Group Company Secretariat
Victoria Hames

Email: companysecretarial@tpicap.com (mailto:companysecretarial@tpicap.com)

 

About TP ICAP Group plc

 

 ●    TP ICAP connects buyers and sellers in global financial, energy and
      commodities markets.
 ●    We are the world's leading wholesale market intermediary, with a portfolio of
      businesses that provide broking services, data & analytics and market
      intelligence, trusted by clients around the world.
 ●    We operate from more than 60 offices across 28 countries, supporting brokers
      with award-winning and market-leading technology.

 

Further information on the company and its activities is available on the
Company's website:

www.tpicap.com (http://www.tpicap.com) .

 

 

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