IG Group said on Monday that she expects revenues and earns pre -tax profits for the fiscal year ending May 31, 2025 to fulfill or exceed the upper side of the consensus expectations.
The company announced this in a trading update in the fourth quarter, saying that the updated expectations are driven by the activity of the trading of the high customer in the fourth quarter.
The trading platform was martyred with the high volatility of many assets, especially in April, which strengthened the activity.
The market consensus is currently estimated at 1.05 billion pounds and pre -mandatory profit at 516.3 million pounds.
IG has also confirmed that its acquisition of freeetrade, which was completed on April 1, was funded with the current capital and that the work was in line with expectations.
As part of its continuous capital management strategy, IG said it has reshaped 4.1 million shares worth 39.1 million pounds from May 9, under the Re -purchasing program of 200 million pounds.
The company also noticed, as it was announced in March, that it is preparing to increase its distribution reserves by reducing a plan in its shares reserves and integrations, pending the approval of the shareholders at the May 29 meeting.
To increase the strengthening of its liquidity, IG re -financing its 400 million pounds of £ 400 million with a new facility of 600 million pounds in May 2030.
The broker is also planning to issue a large non -guaranteed bond To provide long -term financing.
IG will report the results of the entire year on July 24.