IG Design Group plc (LSE:IGR) reported a 12% increase in first-half revenue to approximately £109 million for the six months ended 30 September 2026, supported by organic growth, contributions from its Glenart acquisition and additional customer contracts.
The celebration and creative products manufacturer also reported an increase in adjusted operating profit to approximately £5.7 million, compared with £4.2 million in the corresponding period last year.
The company reaffirmed its expectations for the financial year ending 2027, with the board anticipating results in line with market consensus.
First-Half Revenue Rises 12%
IG Design Group expects to report revenue of approximately £109 million for the first half of FY2027, representing an increase of around 12% compared with the previous year.
Organic revenue growth was approximately 8%, excluding the effects of the Glenart acquisition and foreign exchange translation.
The company attributed the increase in revenue partly to additional customer tenders secured during the period, alongside the implementation of its strategic priorities.
The reported figures are preliminary and remain subject to confirmation when the group publishes its unaudited interim financial results.
Adjusted Operating Profit Increases to £5.7 Million
Adjusted operating profit for the six-month period increased to approximately £5.7 million, compared with £4.2 million a year earlier.
This represents an increase of approximately 36% year on year.
Based on the preliminary revenue and adjusted operating profit figures, the group’s first-half adjusted operating margin was approximately 5.2%, compared with around 4.3% in the corresponding period last year.
IG Design Group attributed the improvement in trading performance to its commercial activities and the execution of its strategic priorities, including securing incremental customer business.
The company has not yet provided a detailed breakdown of profitability across its operating activities for the period.
Glenart Acquisition Performs in Line With Expectations
IG Design Group confirmed that Glenart, which was acquired before the reporting period ended, continued to trade in line with management expectations.
The acquisition contributed to reported revenue growth during the first half, although the company did not disclose the specific revenue or profit contribution from Glenart.
Excluding the acquisition and foreign exchange translation effects, organic revenue increased approximately 8%.
The board indicated that Glenart’s performance since acquisition has remained consistent with its original expectations.
Net Cash Position of £1.5 Million at September-End
IG Design Group reported a net cash balance of approximately £1.5 million as of 30 September 2026.
The company described cash generation during the first half as robust, with underlying cash outflow broadly consistent with the corresponding period in the previous financial year.
The trading update did not provide detailed cash flow figures or a breakdown of working capital movements.
Further information on the group’s financial position is expected to be included in its interim results.
FY2027 Revenue and Margin Expectations Maintained
IG Design Group reaffirmed its full-year outlook, with the board expecting FY2027 financial results to align with current market expectations.
The company identified market consensus forecasts of £222 million in revenue and an adjusted operating margin of 4.8%.
Management maintained this outlook following the first-half trading performance, while acknowledging continued uncertainty in the wider macroeconomic environment.
The group has not announced any revisions to its full-year guidance.
Management Reviewing Medium-Term Growth Strategy
Under its new leadership team, IG Design Group is reviewing and refining its strategic priorities and medium-term growth plans.
The company said work on these initiatives is progressing and that a comprehensive update will accompany the publication of its interim financial results.
The trading statement did not provide further details of potential changes to the group’s operating strategy or specific medium-term financial targets.
Management continues to focus on implementing the group’s existing commercial priorities while developing its plans for future financial periods.
Interim Results to Provide Further Financial Detail
IG Design Group’s forthcoming unaudited interim results will provide additional information on its financial performance for the six months ended 30 September 2026.
The results are also expected to include an update on the company’s strategic priorities and medium-term growth plans.
For the first half, the group expects revenue of approximately £109 million, adjusted operating profit of £5.7 million and a closing net cash balance of £1.5 million.
Its FY2027 expectations remain aligned with market consensus of £222 million in revenue and a 4.8% adjusted operating margin.
More About IG Design Group
IG Design Group plc (LSE:IGR) designs and manufactures products across celebration and creative categories.
The group’s operations include product design, innovation and manufacturing, with its commercial activities supported by customer contracts and an expanded business portfolio following the Glenart acquisition.
For the first half of FY2027, the company reported approximately 12% revenue growth, including 8% organic growth, alongside an increase in adjusted operating profit.
IG Design Group continues to develop its medium-term strategic plans under its new leadership team while maintaining its existing financial expectations for FY2027.
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