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IG reports organic customer growth but Q1 revenues slip

Thu 25 September 2025 07:57 | A A A

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(Sharecast News) - Online trading group IG has reiterated its full-year guidance after reporting "good strategic progress" in the first quarter, though revenues were still lower than last year.

Net trading revenues totalled 238.4m over the three months to 31 May, down 2% year-on-year and 7% lower than the preceding quarter, due to lower trading activity in "less supportive market conditions", IG Group said on Thursday.

Meanwhile, net interest income dropped 20% from last year to 29.5m, reflecting lower interest rates and greater pass-through to customers.

As a result, total revenues were down 4% at 267.9m, falling 7% on an organic basis.

On a positive note, average monthly active customers were 3% above last year on an organic basis against what IG said was a tough prior-year comparative. Notably, first trades were up 42% due to increased marketing activity and measures to close product gaps and simplify propositions.

Looking ahead, IG said: "The group continues to expect FY26 performance in line with market expectations for total revenue and cash EPS."

Shares were down 0.9% at 1,054p in early deals on Thursday.

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