LONDON (ShareCast) - (Sharecast News) - Online trading platform IG Group reported a jump in full-year profits and revenue on Thursday as trading volumes and revenue per customer rose.
In the year ended 31 May, adjusted pre-tax profit rose 17% to £535.8m, with total revenue up 9% to £1.08bn, reflecting "supportive market conditions and good initial progress" implementing its strategy.

Net trading revenue ticked up 12% to £942.8m. IG said market conditions were more supportive across the year, resulting in increased trading volumes and higher revenue per customer.

Active customer numbers increased 137% to 820,000, driven by the acquisition of Freetrade, which added 457,300 active customers. On an organic basis, active customers increased 5% to 362,800.

IG said that Freetrade, which was bought earlier in the year, performed strongly in FY25, with total revenue up 22% to £29.1m and contributing £4.8m to group revenue in the two months since completion.

Chief executive Breon Corcoran said: "In the first year implementing our strategy, we have made good initial progress delivering on our priorities of improving our product, embedding a high-performance culture and enhancing efficiency. I am pleased that we are getting closer to our customers and accelerating product velocity which is translating into stronger customer acquisition.

"During the year, we also reshaped our senior leadership team with new managing directors for three of our five commercial divisions. These leaders have already had a significant impact, enhancing performance and accelerating change by strengthening our high-performance culture.

"Looking forward, we are confident of meeting market expectations for total revenue and cash EPS in FY26. Beyond FY26, we expect total revenue to compound in a mid-to-high single-digit percentage range per annum on an organic basis, accelerating within this range over time, with cost discipline."

At 1010 BST, the shares were up 5.7% at 1,119.47p.

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