Business
Results for the financial year ended 31 May 2023
Results for the financial year ended 31 May 2023.
About this update from Ig Group Holdings Plc
[{"type":"text","content":"\n\n\nLEI No: 2138003A5Q1M7ANOUD76\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.\nFOR IMMEDIATE RELEASE\n 20 JULY 2023\nResults for the financial year ended 31 May 2023\n \n\"A fourth consecutive year of record revenue as IG continues to build an expanded and diversified business as the home for active traders worldwide, while delivering long-term shareholder returns.\"\nFinancial highlights (continuing operations[1])\nContinued to deliver strong results in a more difficult market backdrop. \n- Total revenue increased 5% to £1,022.6 million (FY22: £973.1 million). Adjusted[2] total revenue rose 6%.\n- Net trading revenue decreased 3% at £941.8 million (FY22: £972.3 million). Adjusted net trading revenue was down 3%.\n- Interest income rose significantly to £80.8 million (FY22: £0.8 million) reflecting higher interest rates.\n- Profit before tax of £449.9 million (FY22: £477.0 million). Adjusted profit before tax of £490.5 million down slightly by 1% (FY22: £494.3 million). Adjusted profit before tax margin was at the top end of our guidance at 48.0% (FY22: 51.1%).\n- Basic EPS of 86.9 pence (FY22: 92.9 pence). Adjusted basic EPS of 94.7 pence (FY22: 96.3 pence), down on prior year driven by a higher effective tax rate.\n- Total capital return of £363.4 million split across dividends paid and shares re-purchased in the period (FY22: £186.2 million).\n- Proposed an increased dividend of 45.2...