IG Design Group (IGR) H2 2026 earnings summary

Executive summary

• Delivered strong FY 2026 results, outperforming expectations for revenue, profit, and cash generation, with revenue at GBP 217.9 million and adjusted operating margin at 4.4%.

• Completed the sale of DG Americas and acquired Glenart in South Africa, transforming into a more focused, less complex, and profitable business.

• Strengthened leadership with the appointment of a new CEO, Gerald Kuehr, effective July 2026.

• Announced a GBP 0.01 per share dividend and a 10% share buyback, reflecting commitment to shareholder value.

Financial highlights

• Revenue of GBP 217.9 million, down 3% year-over-year, with operating margin at 4.4%.

• Net cash position of GBP 54.6 million, with GBP 16.2 million generated from continuing operations.

• Adjusted operating profit of GBP 9.6 million (4.4% margin), down from GBP 16 million last year.

• Adjusted EBITDA at GBP 18.4 million, down from GBP 23.4 million, but improved cash conversion.

• Adjusted profit after tax of GBP 7.3 million; diluted adjusted EPS of GBP 0.072.

Outlook and guidance

• Guidance for FY 2027-2028: revenue growth of 0%-5%, adjusted operating margins of 4%-5%, and free cash generation of at least GBP 5 million per annum.

• Order book at 78% of budgeted revenues, supporting confidence in future performance.

• Strategy focused on premiumization, product diversification, customer/channel expansion, and commercial capability.

• Continued focus on cost control and resilience amid macroeconomic uncertainty.