The IG Group Holdings Plc Board have proposed interim dividend for FY24 of 13.56 pence per share, totalling approximately £52.1 million, was approved by the Board on 24 January 2024. This dividend will be paid on 1 March 2024 to those members on the register at the close of business on 2 February 2024.
Other financial highlights include:
- Performance in H1 FY24 reflected softer market conditions and against a strong comparative:
- Total revenue of £472.6 million (H1 FY23: £519.1 million), down 9%.
- Net trading revenue of £402.4 million (H1 FY23: £494.9 million), down 19%, reflecting market volatility across a range of asset classes materially lower than in H1 FY23.
- Net interest income of £70.2 million (H1 FY23: £24.2 million) increased significantly, driven by higher interest rates across all markets.
- tastytrade achieved another consecutive record half of total revenue, increasing by 29% to $117.8 million (H1 FY23: $91.4 million).
- Active clients of 296,300 (H1 FY23: 312,000) underlined IG's sophisticated and loyal client base, while new clients acquired of 33,800 (H1 FY23: 37,500) reflected the continued demand for IG's products and services despite soft market conditions in the period.
- Adjusted total operating costs of £281.1 million (H1 FY23: £256.8 million), were up 9% on H1 FY23, but down 1% against H2 FY23. Statutory total operating costs of £310.4 million (H1 FY23: £279.9 million) increased 11%.
- Adjusted profit before tax of £205.7 million (H1 FY23: £260.7 million) was down 21%. Statutory profit before tax of £176.4 million (H1 FY23: £240.5 million). Adjusted profit before tax margin remains attractive at 43.5% (H1 FY23: 50.2%).
- Adjusted basic EPS was 38.9p (H1 FY23: 49.7 pence). Statutory basic EPS was 33.4 pence (H1 FY23: 45.8 pence).
