IG Group (IGG) Q3 2025 TU earnings summary

Executive summary

• Q3 FY25 revenue rose 12% year-over-year and 10% sequentially to £268.0 million, driven by stronger market conditions and increased active clients.

• Trading revenue grew 15% year-over-year and 12% sequentially, with higher revenue per client and improved customer acquisition.

• Active clients increased 2% year-over-year and 5% sequentially to 272,700, with first trades up across all products.

Financial highlights

• OTC derivatives revenue up 14% year-over-year and 12% sequentially; exchange traded derivatives up 18% and 13%, respectively.

• Stock trading and investments revenue increased 32% year-over-year and 13% sequentially.

• Net interest income declined 7% year-over-year and 4% sequentially to £32.7 million, reflecting lower interest rates.

• Year-to-date total revenue up 11% to £790.5 million; trading revenue up 13% to £687.0 million.

Outlook and guidance

• Confident in meeting FY25 consensus for total revenue (£1,027 million) and adjusted PBT (£494 million) based on Q3 results and strong Q4 market conditions.