IG Group Holdings Plc, for FY22, has proposed a final dividend of 31.24 pence per share for the financial year ended 31 May 2022 which equates to a full year total dividend of 44.2 pence per share, an increase of one pence per share over FY21.
Other Financial highlights:
- Net trading revenue up 16% to £972.3 million (FY21: £837.3 million). Excluding the one-time hedging gain associated with the financing of the tastytrade acquisition, adjusted net trading revenue was £966.5 million, up 14%. Adjusted total revenue, which includes interest on client money, was also up 14% to £967.3 million (FY21: £845.5 million). Total revenue was up 16% to £973.1 million (FY21: £837.6 million)
- Total active clients increased 31% to 381,500 (FY21: 291,200). Active clients reduced by 2% on a pro forma basis, however remain significantly above pre-pandemic levels. First trades reduced as anticipated, but also remain well above pre-pandemic levels
- Profit before taxation was up 7% to £477.0 million (FY21: £446.0 million), while adjusted profit before taxation was up 4% to £494.3 million. Strong revenue performance combined with good cost control delivered an adjusted profit before tax margin of 51% (FY21: 56%)
- Maintained strong capital and liquidity positions that continued to support client growth, with regulatory capital resources of £1,025.6 million (31 May 2021: £860.7 million)
- Basic EPS was 92.9 pence (FY21: 99.8 pence). Adjusted basic EPS was 96.3 pence (FY21: 107.3 pence), reflecting share issuance for the tastytrade acquisition
- Commencement of a share buyback programme of up to £150 million to be substantially complete in FY23
- Comprehensive debt refinancing completed to enable further growth
- Completed an inaugural, 7-year, investment-grade £300 million senior unsecured bond issuance
- Completed the sale of Nadex and investment in Small Exchange
