IG Group Holdings (LSE:IGG) reported a 4% year-over-year decline in net trading revenue for the first quarter of FY26, despite a 3% rise in average monthly active customers and a 42% increase in first trades. The company highlighted strong results from its Freetrade acquisition, which contributed to a 32% increase in net trading revenue on a pro forma basis.
The group is also broadening its cryptocurrency offerings with the planned acquisition of Independent Reserve, a leading Australian cryptocurrency exchange, and has launched a £125 million share buyback program. IG Group maintains its full-year guidance, expecting FY26 performance to meet market expectations.
IG Group’s outlook is supported by positive technical indicators and a solid valuation, underpinned by a stable financial position. Key risks include recent declines in revenue and free cash flow growth, which may affect future financial performance. The lack of recent earnings calls or corporate events does not significantly alter the outlook.
Company Overview
IG Group Holdings plc is a UK-based FTSE 250 company providing online trading platforms and educational resources, with access to approximately 19,000 financial markets worldwide.
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