IG Group has posted impressive results for the six months (H1) ended 30 November 2024, marking a solid start to its fiscal year 2025. The company reported record half-year revenues of £522.5 million, up 11% from £472.6 million in the same period last year. This strong performance was driven by more favorable market conditions and lower operational costs.

Key financial highlights include net trading revenue of £451.7 million, up 12% year-on-year, supported by higher revenue per client. Net interest income remained stable at £70.8 million, reflecting a balance between higher client money balances and lower interest rates. Adjusted profit before tax surged 30%, reaching £266.8 million, while statutory profit before tax jumped 41% to £249.3 million.

IG Group Reports Record Half-Year Revenues for H1 2025

IG also increased its adjusted basic earnings per share (EPS) by 42%, from 38.9 pence in H1 FY24 to 55.3 pence in H1 FY25. Additionally, the company announced a total capital return of £281 million, comprising dividends and share repurchases, with an interim dividend increase to 13.86p per share.

On the strategic front, IG has made progress in its initiatives to enhance its product offering and organizational efficiency. The company acquired Freetrade, a fast-growing UK commission-free investment platform, further bolstering its trading and investment proposition. IG also implemented a decentralized organizational model to improve client centricity and exited the Spectrum multilateral trading facility, focusing more on cost-efficient over-the-counter offerings.

CEO Breon Corcoran highlighted the company’s continued focus on improving its product, embedding a high-performance culture, and driving efficiency. He also expressed confidence in meeting revenue and profit expectations for the full fiscal year.

Despite a slight dip in active clients, IG remains optimistic about its growth prospects and is ready to achieve stronger, more sustainable growth in the second half of FY25.

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