- IG Group’s revenues increased by 9% in the second half of FY2024, reaching £514.7 million from £472.6 million in first half of a fiscal year.
IG Group, the prominent UK-based online trading house, has announced its full-year financial results for fiscal year 2024, ending May 31. Despite a sluggish start in the first half of the year, the company has reported a robust recovery in the latter half.
Revenues for FY2024 reached £987.3 million, marking a 3% decline from £1.02 billion in FY2023. This dip is attributed to a slower first half. However, the second half of the year, covering December 2023 to May 2024, saw revenues soar to £514.7 million, a 9% increase from the previous six months’ £472.6 million.
Net income also experienced a significant boost, rising 32% to £175.0 million in H2 FY2024, up from £132.7 million in H1. This impressive turnaround coincided with key leadership changes, including the appointment of Breon Corcoran as CEO, Jody Dunn as COO, and Sarah Gore Langton as CRO.
The strong performance highlights IG Group’s resilience and strategic adjustments, positioning it well for future growth.
