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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Commission and fee income $ 1,823.0 $ 1,618.1 $ 1,342.4
Commission and fee expense (845.5) (762.0) (637.5)
Net commission income/(expense) 977.5 856.1 704.9
Net trading income 851.9 492.4 411.4
Interest income 912.8 765.2 591.8
Interest expense (760.2) (538.1) (470.2)
Net interest income 152.6 227.1 121.6
Net physical commodities income 42.1 19.1 6.7
Revenue 2,024.1 1,594.7 1,244.6
Expenses      
Compensation and benefits (1,234.2) (971.1) (770.3)
Depreciation and amortisation (36.1) (29.5) (27.1)
Other expenses (353.9) (306.3) (237.4)
Total expenses (1,624.2) (1,306.9) (1,034.8)
Impairment of goodwill 0.0 0.0 (10.7)
Net recovery of/(provision) for credit losses 0.7 1.7 (7.1)
Bargain purchase gain on acquisitions 3.6 0.0 0.3
Other income 7.4 6.3 3.4
Share of results in associates and joint ventures 0.0 0.0 0.8
Profit before tax from continuing operations 411.6 295.8 196.5
Tax (103.7) (77.8) (55.2)
Profit after tax from continuing operations 307.9 218.0 141.3
Loss after tax from discontinued operations (0.2) 0.0 0.0
Profit after tax 307.7 218.0 141.3
Attributable to:      
Ordinary shareholders of the Group 293.9 204.7 128.0
Non-controlling interest 0.5 0.0 0.0
Other equity holders [1] $ 13.3 $ 13.3 $ 13.3
Earnings per share      
Basic (in dollars per share) [2] $ 4.12 $ 2.96 $ 1.94
Diluted (in dollars per share) [2] $ 3.86 $ 2.72 $ 1.82
[1] 1.Other equity holders relate to holders of AT1 securities.
[2] 2.The effect of discontinued operations on basic and diluted earnings per share was not material for the period.