Ig Design Group Plc · LSE:IGR
Ig Design — Q2 2026 Earnings Presentation
24 slides from Ig Design's earnings presentation, Dec 2, 2025
Slide 1: Half Year Results
20 26 Half Year Results 2 December 2025 Presenters Stewart Gilliland, Interim Executive Chair Rohan Cummings, Chief Financial Officer
Slide 2: HY2026 Summary
HY2026 Summary Remain on track for full year guidance • Revenue declined by 13% to $131.4m (HY202 5 : $151.3m) • Adjusted operating profit of $5.7m and adjusted operating margin of 4.3% • Net cash closed at $1.9m. Cash outflow year - on - year improved by 16% • Operational improvements: Australian w
Slide 3: Financial Review
Financial Review 3
Slide 4: Group Revenue
Revenue HY2026 HY2025 Change $m $m % Group Revenue DG Europe DG UK 58.8 50.3 59.0 71.9 (30) - DG Australia 22.8 21.1 8 Eliminations (0.5) (0.7) Total 131.4 151.3 (13) will benefit H2 • Revenue from continuing operations decreased by 13% to $ 131.4 m . • Reduction reflects the market headwinds previo
Slide 5: Adjusted Operating Profit
Adjusting Operating HY2026 HY2025 Change Profit $m $m % Adjusted Operating Profit DG Europe DG UK 7.5 0.7 8.7 7.2 (14) (90) DG Australia 1.7 1.1 54 Central & Eliminations (4.2) (4.1) Total 5.7 12.9 (56) Revenue impacts • Adjusted operating profit declined to $ 5 .7m : • Revenue headwinds ( - $ 12.9
Slide 6: Segmental Performance
Segmental Performance Adjusted operating Revenue Adjusted operating profit margin HY2026 HY2025 Change HY2026 HY2025 Change HY2026 HY2025 $m $m % $m $m % DG Europe 58.8 59.0 - 7.5 8.7 (14) 12.7% 14.7% DG UK 50.3 71.9 (30) 0.7 7.2 (90) 1.5% 10.0% DG Australia 22.8 21.1 8 1.7 1.1 54 7.6% 5.4% Central
Slide 7: Financial Summary
Financial Summary Adjusted Reported HY2026 HY2025 Change HY2026 HY2025 $m $m $m $m Revenue 131.4 151.3 (13)% 131.4 151.3 Gross profit 26.3 36.2 (25)% 25.3 35.4 Gross margin 20.0% 23.9% (390)bps 19.2% 23.4% Overheads (20.6) (23.3) (8)% (21.0) (26.8) Operating profit 5.7 12.9 (56)% 4.3 8.6 Operating p
Slide 8: Cash Flow
Cash Flow HY2026 HY2025 $m $m Adjusted EBITDA 10.3 17.9 • Net cash outflow for continuing Add back share - based payment charge 0.7 0.6 Group improved 16% year - on - year Movements in working capital (51.2) (65.1) • Working capital improvement with (40.2) (46.6) normalisation versus increase in Adj
Slide 9: The Group Today
The Grou p Today 9
Slide 10: The Group Today
The Group Today Strong heritage, long - established & stable relationships, well - structured categories and product ranges across the UK, Europe and Australia Innovative Over 730 employees product design and development Over 22,000 SKUs Responsible Over 550 million units Market insight sourcing and
Slide 11: Design Group Europe
45% of Group Revenue Design Group Europe Design, Source & Manufacture Celebrate & Create products across three sites in the Netherlands and Poland 189 employees Customers Product Type Gift packaging Party Stationery Homeware Manufactured Sourced Value & mass Independents Other Strategic focus Countr
Slide 12: Design Group UK
38% of Group Revenue Design Group UK Design, Source & Manufacture Celebrate & Create products across sites in Wales, Newport Pagnell and the Far East 368 employees Customers Product Type Gift packaging Party GNFR Value & mass Independents Other Manufactured Sourced Craft Stationery Homeware Strategi
Slide 13: Design Group Australia
17% of Group Revenue Design Group Australia Design, Source & Distribute Celebrate & Create products in Australia 158 employees Customers Product Type Gift packaging Party Craft Manufactured Sourced Value & mass Independents Stationery Homeware Strategic focus Countries we sell to • Warehouse relocat
Slide 14: Looking Ahead
Looking Ahead 14
Slide 15: Guidance
Guidance Reaffirming guidance as presented in July 2025 FY2026 FY2027-28 Revenue $270m-$280m +0-5% p.a. Adjusted Operating 3-4% 4-5% Margin Cash $40m-$45m +$6-$8m p.a. Capital allocation 1. Organic growth – selective investment in organic growth opportunities 2. Shareholder distributions: o Followin
Slide 16: Drivers of long-term growth
Drivers of long - term growth DRIVERS OF LONG - TERM GROWTH CUSTOMER & COMMERCIAL PRODUCT PREMIUMISATION CHANNEL CAPABILITY DIVERSIFICATION EXPANSION • Upgrading • Expanding into • Enhancing • Strengthening products through higher - margin customer reach commercial and thoughtful redesign categories
Slide 17: Case Study: Free Standing Display Units
Case Study Free Standing Display Units • Free standing display units (FSDUs) INNOVATION • Growth area in FY2026 with further opportunity into the future STRATEGY • Expansion into new product categories SUCCESS • Premiumisation through licensing MARGIN • Higher average selling price GROWTH • Sales gr
Slide 18: ESG
ESG Sustainability is more than a responsibility. It’s an opportunity for competitive advantage, powered by our innovation and scale to make proactive, positive change We aim to drive long - term value for shareholders, customers and employees through a more sustainable and differentiated offering •
Slide 19: Outlook
Outlook • Reaffirm full - year guidance of $270 - 280 million revenue and adjusted operating margin of 3 - 4% • Strong order - book visibility entering H2, with 96% of full - year forecast sales (HY2025: 88%), providing confidence in performance • Focus on our long - term growth drivers to deliver m
Slide 20: Appendix
Appendix 20
Slide 21: Capital Allocation
Capital Allocation Capital deployment to support growth ambitions, whilst maintaining a strong balance sheet Organic • Selective investment in organic growth opportunities growth • Further investment in innovation and technology to help gain market share Strong balance • Strong balance sheet and cas
Slide 22: Divestment of DG Americas
Divestment of DG Americas • Successful sale of DGA to Hilco on 30 May 2025 • Hilco sale and/or liquidation process of DGA is still ongoing, with any future net proceeds to the Group contingent on completion of this process • As at 30 September 2025 expected cash flows from future proceeds was estima
Slide 23: Investment Case
Investment Case 1. A strong, stable business at the core Focus on developing the business from a stable platform, leveraging our strengths : We create long - We continuously We are diversified We are We have a standing innovate by product and environmentally financially robust partnerships geography
Slide 24: Premiumisation
Premiumisation 24