TP ICAP announces 2025 profit growth and new PS80 million buyback

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 £2.35 billion in 2025, up 4.4% from £2.25 billion in the year prior, as well as pretax profit of £230 million, up 7.5% from £214 million in 2024.

TP ICAP also reported earnings before interest and tax of £264 million, up 12% from £236 million a year prior. On an adjusted basis, it was £348 million, at the upper end of the expectations which ranged between £340 million and £349 million. It was 7.4% higher from 2024, when it was £324 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 £9 million to £10 million hit at current spot rates.

Current 2026 Ebit forecasts range from £347 million to £370 million, with an average of around £361 million.

TP ICAP also announced its sixth buyback programme, worth £80 million, following a previous programme of £30 million. Peel Hunt LLP will carry out the buyback.

The firm has repurchased £230 million of own shares since 2023.

Copyright 2026 Alliance News Ltd. All Rights Reserved.