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IG Group to achieve medium-term targets ahead of schedule, extends buyback

(Sharecast News) - IG Group extended its share buyback on Tuesday as it said it was confident of achieving medium-term revenue growth targets ahead of schedule. For the three months ended 30 November, IG reported a 29% rise on the year in net trading revenue to £270.7m. Growth was broad-based across all major product categories, with the US remaining its fastest-growing market and Tastytrade delivering total net trading revenue of $65.3m, up 51% on the year.

New customer acquisition accelerated, with first trades up 64% on the prior year and 18% on the previous quarter. IG said this was supported by new products and increased marketing investment.

In July, the company guided to mid-to-high single-digit percentage annual organic total revenue growth - excluding Freetrade - beyond the 12 months ending 31 May 2026, accelerating within this range over time.

It said on Tuesday that following "strong strategic progress", it now expects organic total revenue growth around the mid-point of this range in calendar year 2026, from a base of about £1.08bn in 2025.

"This outlook is underpinned by growth in new customer acquisition and active customers, an extensive product pipeline, enhanced marketing capabilities, the full-year benefit of customer income retention initiatives launched in calendar year 2025, and market expectations for interest rates," it said.

It noted that in the six months to 30 November, organic total revenue was £558m, up 7% on the prior year.

Pointing to its "strong" capital position and cash generation, IG also said it was extending the buyback programme announced in July by £75m to £200m, with completion now expected at the end of March 2026.

Chief executive Breon Corcoran said: "We have made good progress this quarter, with strategic initiatives translating into strong revenue growth and accelerating customer acquisition. This momentum gives us confidence to achieve our medium-term revenue growth targets ahead of schedule in 2026."

At 0815 GMT, the shares were up 4.5% at 1,218p.

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