TP ICAP announces 2025 profit growth and new GBP80 million buyback

(Alliance News) - TP ICAP PLC on Thursday reported growing revenue for 2025 as well as profit at the upper end of market expectations.

The London-based capital market firm reported revenue of GBP2.35 billion in 2025, up 4.4% from GBP2.25 billion in the year prior, as well as pretax profit of GBP230 million, up 7.5% from GBP214 million in 2024.

TP ICAP also reported earnings before interest and tax of GBP264 million, up 12% from GBP236 million a year prior. On an adjusted basis, it was GBP348 million, at the upper end of the expectations which ranged between GBP340 million and GBP349 million. It was 7.4% higher from 2024, when it was GBP324 million.

The company said the results confirm the continuing momentum it has enjoyed since 2021.

TP ICAP upped its final dividend by 2.7% to 11.6 pence per share from 11.3p. Its full year dividend was lifted by 4.3% to 16.8 pence per share from 16.1 pence in 2024.

TP ICAP shares were up 7.4% to 263.55 pence each on Thursday morning in London, the best FTSE 250 performer.

The company, which reports revenue growth in all divisions but Energy & Commodities, where it faced a 3% decrease it said was expected. It also reduced net management and support costs "despite inflation, UK national insurance increases, and continued investment".

TP ICAP expects to achieve an adjusted Ebit in line with expectations this year, despite foreign exchange headwinds. The company is anticipating a GBP9 million to GBP10 million hit at current spot rates.

Current 2026 Ebit forecasts range from GBP347 million to GBP370 million, with an average of around GBP361 million.

TP ICAP also announced its sixth buyback programme, worth GBP80 million, following a previous programme of GBP30 million. Peel Hunt LLP will carry out the buyback.

The firm has repurchased GBP230 million of own shares since 2023.

By Martin Miraglia, Alliance News reporter

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