XML 98 R58.htm IDEA: XBRL DOCUMENT v3.26.1
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about business combination [abstract]  
Disclosure of assets acquired and liabilities assumed The following are the key
acquisitions:
Acquisitions in 2025:
Aarna Capital
Limited1,2
Darton Group
Limited
Hamilton Court
Group1
Agrinvest
Commodities
Winterflood
Securities
$m
$m
$m
$m
$m
Initial cash consideration
58.9
—
62.5
18.8
163.3
Withheld consideration
—
—
1.9
—
—
Settlement of pre-existing liability
—
8.7
87.4
—
—
Total consideration
58.9
8.7
151.8
18.8
163.3
Fair value of identifiable net assets:
Intangible assets
18.5
—
15.6
5.9
11.3
Property, plant and equipment
0.3
—
0.6
0.5
8.4
Right of use asset
1.1
—
1.9
—
17.8
Investments
—
—
—
0.1
0.5
Corporate income tax receivable
—
—
—
—
1.3
Trade and other receivables
178.3
7.3
90.4
0.9
1,094.6
Inventory
—
25.9
—
—
—
Equity instruments (unpledged)
—
—
—
—
33.0
Derivative instruments - asset
45.1
—
292.4
—
—
Stock borrowing
—
—
—
—
27.1
Fixed income securities (unpledged)
9.9
—
—
—
7.6
Cash and cash equivalents
74.9
0.3
19.8
1.9
68.3
Trade and other payables
(258.5)
(0.7)
(72.0)
(1.1)
(1,026.7)
Stock lending
—
—
—
—
(44.6)
Short securities
—
—
—
—
(19.2)
Borrowings
—
(20.2)
—
—
—
Lease liability
(1.0)
—
(2.0)
—
(16.8)
Derivative instruments - liability
(38.7)
—
(193.7)
—
—
Corporate tax
(1.0)
(0.3)
(2.4)
—
—
Provisions
—
—
—
—
(1.7)
Deferred tax liability
(1.7)
—
(3.9)
(2.0)
(3.4)
Deferred Compensation
—
—
—
—
(1.7)
Non-controlling interest
—
—
(3.7)
—
—
Total fair value of identifiable assets
and liabilities
27.2
12.3
143.0
6.2
155.8
Goodwill / (bargain purchase)
31.7
(3.6)
8.8
12.6
7.5
1.Hamilton Court Group and Aarna Capital Limited - The allocation between goodwill and intangible assets was updated to reflect measurement-period adjustments to the
purchase price allocation.
2.Trade and other receivables and trade and other payables include a pre-existing relationship with Marex Financial. This was not included as part of the consideration as
these represent on-going intercompany arrangements within the Group and are not
considered settlement of a pre-existing relationship.
The impact of the acquisition of the additional interest, as presented within the Statement of the
Changes in Equity, is as follows:
$m
Cash consideration paid to non-controlling shareholders
6.6
Carrying value of the additional interest
(4.3)
Difference recognized in retained earnings
2.3
The following are the key acquisitions:
Acquisitions in 2024:
Pinnacle
Fuel LLC
Dropet
ILS Brokers
Limited
$m
$m
$m
Cash consideration
4.0
2.0
5.3
Total consideration
4.0
2.0
5.3
Fair value of identifiable net assets:
Intangible assets
1.5
0.2
1.7
Property, plant and equipment
—
—
0.1
Right of use asset
—
—
0.2
Trade and other receivables
0.8
—
1.1
Cash and cash equivalents
—
—
0.3
Trade and other payables
(0.8)
—
(0.6)
Lease liability
—
—
(0.3)
Deferred tax liability
—
—
(0.3)
Total fair value of identifiable assets and liabilities
1.5
0.2
2.2
Goodwill / (bargain purchase)
2.5
1.8
3.1