TP ICAP posted strong 2025 results with double-digit earnings growth, record revenue, and a higher dividend, despite near-term challenges in Energy & Commodities.

TP ICAP reported strong fiscal 2025 results with underlying earnings growing at double-digit rates, driven by record revenues and disciplined cost management. Revenue rose 4% to £2.35 billion, EBIT increased 12% to £264 million, and earnings per share rose 14% to 25.2p. The credit business saw strong growth, while Energy & Commodities faced near-term challenges due to talent investments. The company announced a 4% higher full-year dividend and launched an £80 million share buyback. It expects a £9–10 million FX headwind in 2026 but remains confident in meeting market expectations.