IG Group Holdings Plc (LSE:IGG) shares rose over 5% to a new all-time high of 1,231p as the online trading and investment platform extended its share buyback by £75 million and reported strong revenue growth for its latest quarter.
Organic trading revenue rose 29% to £270.7 million in the three months to end-November, with the FTSE 250 company saying growth was broad-based across all major product categories.
New customer acquisition rose by 64%, while active customers grew by 8% on the year.
US net trading revenue from Tastytrade increased 51% to $65.3 million.
The group highlighted strong growth in stock trading and investments, supported by its commission-free offering and the contribution from Freetrade since the acquisition was completed at the start of April.
Chief executive Breon Corcoran said: “We have made good progress this quarter, with strategic initiatives translating into strong revenue growth and accelerating customer acquisition. This momentum gives us confidence to achieve our medium-term revenue growth targets ahead of schedule in 2026.”
IG now forecasts total revenue for the calendar year of roughly £1.1 billion. For 2026, the group expects to deliver organic revenue growth around the mid-point of its guided mid-to-high single-digit range.
The company, which recently changed its financial year-end from May to December, said that to capitalise on recent momentum and planned new product launches, it intends to increase marketing investment in 2026 "to accelerate long-term growth" and is confident of meeting market expectations for EBITDA and cash EPS for next year, around the middle of mid-to-high single-digit percetnage, if market conditions are broadly consistent with this year.
Analysts at Panmure Liberum said: "The company is in the process of changing both year-end (from end May to end December) and changing its divisional reporting, so it is fair to say that estimates are in something of a state of flux."
While guidance was improved, it was noted that IG was not indicating any change to EBITDA or cash EPS estimates and that early December 2025 saw “softer trading conditions” which it builds into its assumptions.
"The issue always for the market is that it is easy to include flagged costs and harder to estimate future benefits."
** UPDATE: Adds share price and broker comments **