London · Delayed Price · Currency is GBP · Price in GBX IG Group Holdings Earnings Call Transcripts
Fiscal Year 2026
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Strong first half with 18% revenue growth, 13% more active customers, and robust margins. The Underdog acquisition doubles U.S. revenue exposure and positions the group for accelerated growth, while regulatory risks in U.S. prediction markets are acknowledged and managed.
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The acquisition of Underdog provides entry into high-growth U.S. prediction markets and DFS, doubling U.S. revenue and expanding the customer base. The deal is structured with upfront, earn-out, and incentive components, and is expected to be EPS accretive by year three. Closing is targeted for late 2026 or early 2027.
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Record revenue and customer growth were achieved, with organic revenue up 10% and active customers accelerating into double digits for 2026. Strategic review launched to maximize shareholder value, supported by strong capital returns and a unified platform rollout.
Fiscal Year 2025
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Strong revenue and profit growth driven by product enhancements, efficiency gains, and favorable market conditions, with continued investment in digital servicing and disciplined capital allocation. Confident in meeting FY26 guidance and accelerating organic growth.
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Revenue rose 11% year-on-year, with adjusted profit before tax up 30% and EPS up 42%, driven by higher revenue per client and cost control. The acquisition of Freetrade and an extended share buyback support growth ambitions, though active client numbers remain flat and crypto offerings lag.
Fiscal Year 2024
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Revenue and profit declined year-over-year amid lower market volatility, but capital returns to shareholders increased and Tastytrade delivered record growth. Strategic focus is on product innovation, efficiency, and international expansion, with a new buyback and continued investment in technology.