New holding company proposal and trading update

IG Group Holdings has announced a proposal to create a new Jersey-incorporated holding company as part of a strategic review, alongside a refreshed organisational model and a trading update that shows strong first-half growth. The FTSE 100 trading platform expects to publish interim results on 31 July 2026, but today said total revenue for the half year ended 30 June 2026 will come in at approximately £643 million, up around 18% from the prior year.

Under the proposal, shareholders would exchange their ordinary shares in IG Group Holdings plc for new shares in the Jersey-based New HoldCo on a one-for-one basis via a court-approved scheme of arrangement under the Companies Act 2006. The move is designed to give IG greater financial and strategic flexibility and better reflect its international footprint, with roughly two-thirds of revenue now generated outside the UK. The company stressed that its London listing, UK tax residence and London operations would remain unchanged. A shareholder circular with the full timetable is expected in Q3 2026, with the scheme targeted to take effect in Q4 2026, subject to approvals including from the FCA.

IG also detailed a streamlined operating model emerging from the strategic review. Three regional commercial divisions — UK & Ireland, Europe, and APAC & Middle East — will be combined into a single commercial business unit called IG Consumer, to be led by Michael Healy as CEO. Customer-facing technology teams, operations and Independent Reserve will move into that division alongside Freetrade. Michael Vaughan continues as CEO of IG North America, while Andy Biggs becomes CEO of IG Securities. The changes take effect in the second half of 2026, with reporting formats unchanged for H1.

On trading momentum, IG said first trades rose approximately 107% on a reported basis and 74% organically compared with the prior year. Active customers increased about 66% reported and 13% organically. The company said it traded well in Q2 2026 and expects full-year results in line with market expectations. The board reiterated its upgraded guidance from May 2026: organic total revenue, excluding Freetrade and Independent Reserve, is expected to grow 10–15% year on year from the 2025 base of roughly £1.1 billion, with EBITDA margins in the mid-40s percentage range and net interest income of £110–120 million.

Beyond 2026, IG remains confident it can compound organic total revenue by at least 10% per annum from the 2025 base while sustaining EBITDA margins in the mid-40s. The strategic review is still evaluating other options, including acquisitions, listing venues and potential combinations of parts of the business with other industry participants. A strategy update is scheduled for autumn 2026.