IG Group’s H1 FY25 Revenue Jumps, Extends Buyback by £50M

IG Group (LON: IGG) reported total revenue of £522.5 million for the first half of fiscal 2025, ending on 30 November 2024, marking a year-over-year increase of 11 per cent. Its net trading revenue for the same period rose by 12 per cent to £451.7 million.

The latest financial update from the London-headquartered broker also revealed that net income remained steady at £70.8 million, as higher client money balances offset the impact of lower interest rates.

The broker achieved a 30 per cent rise in adjusted pre-tax profits to £266.8 million, reflecting a profit margin of 51.1 per cent, compared to 43.5 per cent in the same period of the previous fiscal year. Additionally, statutory profit before taxes increased by 41 per cent to £249.3 million.

Another Buyback

IG had previously indicated plans to extend its ongoing share buyback programme. It has now confirmed an additional £50 million for the existing £150 million buyback, bringing the total to £200 million.

The entire buyback programme is expected to conclude in the second half of FY25.

IG Group (LON: IGG) reported total revenue of £522.5 million for the first half of fiscal 2025, ending on 30 November 2024, marking a year-over-year increase of 11 per cent. Its net trading revenue for the same period rose by 12 per cent to £451.7 million.

The latest financial update from the London-headquartered broker also revealed that net income remained steady at £70.8 million, as higher client money balances offset the impact of lower interest rates.

The broker achieved a 30 per cent rise in adjusted pre-tax profits to £266.8 million, reflecting a profit margin of 51.1 per cent, compared to 43.5 per cent in the same period of the previous fiscal year. Additionally, statutory profit before taxes increased by 41 per cent to £249.3 million.

Another Buyback

IG had previously indicated plans to extend its ongoing share buyback programme. It has now confirmed an additional £50 million for the existing £150 million buyback, bringing the total to £200 million.

The entire buyback programme is expected to conclude in the second half of FY25.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    Cinkciarz.pl Former Board Member Detained for 3 months in Alleged $12 Million Fraud Investigation

    A court in Poland has ordered the three-month detention of Robert Górny, a former board member of Polish online currency exchange Cinkciarz.pl, as part of a widening fraud investigation that…

    Airwallex Goes All-In on the Creator Economy—With a Little F1 Flair

    Airwallex, the fintech heavyweight, is banking on creatives, splashing cash in F1, and making global plays with strategic acquisitions. Lights, Camera, Formula 1: Airwallex Gets in the Fast Lane While…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Cinkciarz.pl Former Board Member Detained for 3 months in Alleged $12 Million Fraud Investigation

    • March 14, 2025
    Cinkciarz.pl Former Board Member Detained for 3 months in Alleged $12 Million Fraud Investigation

    Airwallex Goes All-In on the Creator Economy—With a Little F1 Flair

    • March 14, 2025
    Airwallex Goes All-In on the Creator Economy—With a Little F1 Flair

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.03.2025

    • March 14, 2025
    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.03.2025

    Short-Term Analysis for Oil, Gold, and EURUSD for 14.03.2025

    • March 14, 2025
    Short-Term Analysis for Oil, Gold, and EURUSD for 14.03.2025