Online negotiation, Major IG Group Holdings Plc (Lon: IgG) today issued an update on the negotiation on the fourth quarter of the financial year that ended on May 31, 2025 (Q4 FY25) and the management of the balance sheet.
The company has strongly executed the Q4 FY25 as increased volatility in a number of assets categories, especially in April, resulted in higher levels of commercial customers than expected in standard market conditions.
As a result of strong performance, the Group is currently awaiting the total revenue of FY25 and the customized profit prior to loading or slightly exceeds the upper end of the current consent range of £ 1,051.0 million and £ 516.3 million.
IG completed the acquisition of Freetrade on April 1, 2025 with a cash -funded transaction by existing capital resources. Freetrade continued to trade well the Q4 FY25, with performance monitoring according to team expectations.
In January 2025, the team expanded the current stock market program by £ 50 million to £ 200 million, which will essentially be completed by FY25. From 9 May, 4.1 million shares had acquired at a cost of £ 39.1 million.
As announced on March 13, 2025, the team plans to increase its distributed reserves by reducing the share insurance bill and the merger reserve, with a corresponding increase in earnings. The regulatory approval was received on March 26, 2025 and the team has scheduled a General Assembly for May 29, 2025 to seek approval from the shareholders, with a circular indirectly published.
The team further strengthened its liquidity position, refinancing the convinced credit facility of 400 million pounds, due to mature in October 2026, with an installation of £ 600 million expiring in May 2030. The team intends to complete its existing debt installations by issuing higher bonds for long -term funding, without prejudice to the relevant approvals and market terms.
These actions provide IG additional liquidity to continue investing in growth opportunities and evaluate the refund through buying shares, while protecting the group’s strong financial position.
IG has a well -built -in capital distribution frame that has served the team well. As previously announced, the team evaluates whether the framework can be further improved and an update will be provided with the results of the whole year on July 24, 2025.