IG Group (IGG) Trading Update summary

Revenue and trading performance

• Organic trading revenue rose 29% year-on-year and 17% quarter-on-quarter, with broad-based growth across all major product categories and regions.

• Total revenue for the quarter reached £307.6 million, up 26% year-on-year, with organic revenue at £298.4 million, up 23%.

• United States and Freetrade delivered strong double-digit revenue growth, with tastytrade net trading revenue up 51% year-on-year.

• Net interest income declined 18% year-on-year to £27.7 million, reflecting higher cash balances and lower rates.

• For the 12 months ending December 2025, total revenue is expected to be approximately £1,100 million, up 5% year-on-year.

Customer growth and acquisition

• New customer acquisition accelerated, with first trades up 64% year-on-year and 18% quarter-on-quarter.

• Active customers increased 8% year-on-year and 4% quarter-on-quarter, with average monthly active customers reaching 748,400.

• Freetrade's assets under administration grew 36% year-on-year to £3.3 billion, with higher-value customers increasing 16%.

• Organic share dealing volumes in the UK and Ireland rose 99% year-on-year, driven by the zero-commission proposition.

Strategic initiatives and outlook

• Guidance for organic total revenue growth in 2026 is now at the mid-point of the mid- to high single-digit range.

• Confident of meeting market expectations for EBITDA and cash EPS in 2026.

• Product pipeline and enhanced marketing are expected to drive further growth, with increased investment planned for 2026.

• Pending acquisition of Independent Reserve is on track for early 2026 completion, expected to support APAC expansion.