IG broker saw a record-setting volume level on its revenue with total earnings of £973.1 million before tax of £477.0 million.
IG Group recorded solid revenue growth, a number of active clients, and total dividends per share for the financial year ending May 31, 2022, through its financial statements.
The FCA-regulated broker posted total earnings of £973.1 million before tax of £477.0 million and dividends of 44.2p per share. The company also confirmed the number of active clients on the platform surpassed 381,000. Furthermore, IG highlighted its achievements for FY 2022 which include a new Capital Allocation Framework and share buyback program.
Felix, Chief Executive Officer of IG Group, commented:
"We have achieved outstanding financial performance while continuing our journey to become a more diversified, innovative, global fintech. We have made great strides since we announced our strategy in 2019, and we now see the emergence of a materially evolved organization. Today, we are in a very strong position in multiple markets, offering our ambitious clients a great range of products to meet their needs. Through our organic and inorganic regional expansion, we have created substantial scope for growth in significant and larger addressable markets. I strongly believe that we are better positioned for future growth than ever before."
Furthermore, Felix added, that IG continues its progress in Europe with Frankfurt-based pan-European trading venue for securitized derivatives, Spectrum.
This year Spectrum welcomed two additional brokers and introduced further trading opportunities on turbo certificates with preferred equities and cryptocurrencies. Growth is expected to continue in FY23 and beyond as IG will integrate additional third-party brokers, as well as add two tier-1 European banks as product issuers later this year.