IG Group, one of the leading online financial trading services providers, posted its results for the financial year ended 31 May 2022 today. The company reported solid growth across different business segments. For FY22, IG Group witnessed a 16% spike in net trading revenue as the number reached £972.3 million, compared to £837.3 million in FY21.
Total active clients jumped from 291,200 in FY21 to 381,500 in the latest financial year. IG Group maintained strong capital and liquidity positions. The financial services provider reported a basic EPS of 92.9 pence in FY22.
"This year's record results show how we have achieved consistent strong financial performance while we continue our journey to become a more diversified innovative global fintech. Our forward-looking strategy has positioned us well to capitalize on a significantly larger total addressable market and to take advantage of the ongoing shifts towards self-directed investing,” June Felix, the CEO of IG Group, commented.
“We are now operating on an entirely new scale. Our outstanding performance this year is due to several factors: our clients, our people, and our strategy. The quality and loyalty of our clients have generated sustainable revenue, providing a positive impact on our financial strength. This strength enables us to invest organically in key areas, expand regionally, create new products and innovate strategically,” Felix added.
IG Group saw consistent growth in revenues and active clients throughout the latest financial year.
Profits
According to the details shared by IG Group, the company witnessed decent growth in profit before taxation as the figure increased by 7% to £477.0 million. Adjusted profit before taxation reached £494.3 million, which is up by almost 4% compared to the previous year.
“Overall, our results this year showcase that we are acting decisively and thoughtfully to support our key stakeholders today and tomorrow. The strides we have made in the last few years have laid a solid foundation, and I look forward to building on that in the coming year,” IG Group’s CEO concluded.
