Fixed Income Securities

12 Months Ended

Dec. 31, 2025

Fixed Income Securities [Abstract]

Fixed Income Securities

21      Fixed Income Securities

Fixed income securities comprise corporate bonds held primarily by the Group's Agency and

Execution segment to realize value through the crystallization of the spread between buying and selling.

	2025	2024
	$m	$m
Fixed income securities (unpledged)	16.0	87.7
Fixed income securities (pledged)	82.4	—
	98.4	87.7