The IG Holdings Board has approved an interim cash dividend of 12.96 pence per share. The dividend will be paid on 4 March 2022 to those shareholders on the register at the close of business on 3 February 2022.
Other financial highlights include:
- A strong performance in H1 FY22 from continuing operations:
- Net trading revenue increased 16% to £471.9 million (H1 FY21: £408.5 million). Excluding the foreign exchange hedging gain associated with the financing of the tastytrade acquisition, adjusted net trading revenue increased 14% to £466.1 million
- Profit before tax increased 8% to £245.2 million (H1 FY21: £227.8 million), while adjusted profit before tax increased 13% to £258.0 million
- Active clients increased 42% to 320,400 (H1 FY21: 225,200) reflecting the acquisition of tastytrade; 53,600 new clients acquired (H1 FY21: 60,800), lower than FY21, as anticipated in less volatile market conditions, but significantly higher than pre-pandemic client acquisition (H1 FY20: 26,400)
- Client retention rates have remained consistent with historical averages, reflecting the high quality of clients onboarded in previous periods
- Total operating costs increased 22% to £223.3 million (H1 FY21: £182.8 million). Adjusted total operating costs increased 13% to £205.7 million
- Profit before tax margin for the first half was 52.0% (H1 FY21: 55.8%). Adjusted profit before tax margin was 55.3%
- Basic EPS was 48.1 pence (H1 FY21: 50.7 pence). Adjusted basic EPS was 50.6.
