Press release
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22 October 2026 LEI No: 2138003A5Q1M7ANOUD76 IG GROUP HOLDINGS PLCCapital Markets Event IG Group Holdings plc (“IG”, “the Group”) is today hosting a Capital Markets Event for investors andanalysts. The event will set out the priorities arising from the strategic review announced on 19 March2026, alongside its maintained medium-term guidance and an updated capital allocation framework.Further to the trading update of 2 October 2026, the Group is also providing product and divisionalcommentary on Q3 2026 trading. Breon Corcoran, CEO, said: “Trading, investing and entertainment are converging, and IG is well placedto capitalise on the opportunity. Today we will set out how we will deliver our next phase of growth -broadening and enriching our propositions, investing in our brands and increasing efficiency. Thesepriorities build on our current plan, which has driven stronger active customer growth, and underpin myconfidence that we will create significant shareholder value in the coming years.” Event details The Capital Markets Event will be held at UBS, 5 Broadgate, London EC2M 2QS from 14:00 UK time. Toregister to attend in person or join the webcast, please use this link. The presentation materials will beavailable at www.iggroup.com/investor-relations before the event and the recording available afterwards. Highlights • Vision: to build a leading international platform for active investors at the convergence of trading,investing and entertainment, a large, fast-growing market with strong structural tailwinds. • Priorities: to deliver the next phase of growth by broadening and enriching IG’s propositions,investing in our brands and increasing efficiency. • Outcomes of the strategic review: – The proposed redomicile of the Group to Jersey is expected to become effective in late 2026 orearly 2027, subject to Court approval and other conditions. – IG has refreshed its organisational model around three divisions: IG Consumer, IG Securitiesand tastytrade. – The proposed acquisition of Underdog, a US fantasy sports and prediction markets operator,which is on track to complete in late 2026 or early 2027. 2026 guidance (unchanged from IG’s Q3 trading update issued on 2 October 2026): • Total revenue growth in a mid-single-digit per cent range year-on-year. • Group EBITDA margin in the low-40s per cent range, excluding approximately £30 million of non-recurring redomicile and restructuring costs, as well as expenses related to the acquisition ofUnderdog, which are contingent on closing. Medium-term guidance excluding Underdog (unchanged): • Organic total revenue growth of 10%+ CAGR, from a 2025 base of approximately £1,100 million. • Group EBITDA margin in the mid-40s per cent range. • This guidance reflects IG’s expectations for performance over time, not for any specific year. Pro forma Group guidance including Underdog (unchanged): • Underdog’s performance and strategy were covered at IG’s investor webinar on 8 October 2026. Arecording is available at www.iggroup.com/investor-relations. • On completion, Underdog is expected to lift the combined Group’s medium-term revenue growthrate above IG’s standalone organic rate, driven by its stronger double-digit revenue CAGR. • The pro forma Group EBITDA margin would initially be below IG’s standalone margin and isexpected to increase over the medium term as Underdog scales. Capital allocation framework (refined): • Balance sheet (refined): commitment to an investment grade credit rating. • Regular distributions (unchanged): a progressive ordinary dividend per share.
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• Inorganic investment (unchanged): disciplined M&A, delivering ROIC above the Group’s WACC inyears three to five and adjusted EPS accretion by year three. • Additional distributions (unchanged): capital returned where not required for other priorities, withshare buybacks expected to resume in 2027, subject to share price performance and other demandson capital. Key themes from today’s presentations IG Consumer • Over the past 21 months, the UK has grown active customers and net revenue around twice as fast asthe rest of IG Consumer, driven by active-customer-led, multi-product growth. IG Consumer CEO,Michael Healy, is rolling this strategy out across the division’s other markets. • IG’s unified proposition, which brings trading, investing and crypto together on a single platform, isnow live in the UK and will be rolled out across IG Consumer. Financial prediction markets willlaunch in Q4 2026 for UK professional clients. IG Consumer has also applied for a UK gamblinglicence and expects to broaden its markets to include politics, entertainment and sports in early 2027. • Multi-product customers are more valuable and stickier, generating around three times the averagerevenue per user of single-product customers, with marketing paybacks under six months andcustomer value over the first 36 months of their lifetime around four times acquisition cost. • AI-first servicing is reducing cost to serve, funding continued investment in product and brand. IG Securities • Enhanced market-making measures introduced in H2 2025, spanning pricing, risk management andhedging, have lifted return to volume (“RtV”), or the conversion of gross customer fee andcommission income into net trading revenue, to an average of approximately 80%. Q3 2026’s RtV of70% was within the modelled range, and the Group expects RtV to be structurally higher over time. • IG Securities is evolving from an OTC derivatives-led business into a more diversified institutionalbusiness spanning liquidity provision, prime brokerage and white label, delivered by specialistquantitative talent and built on modern trading technology. tastytrade • tastytrade has a profitable, cash-generative position in a fast-growing US options market, with roomto accelerate growth by broadening its appeal to younger, mobile-first and multi-product customers. • tastytrade is developing from a niche options platform into a broader platform for active traders,including an AI-native, mobile-first app, widening its addressable market. Q3 2026 performance The Group’s Q3 trading update on 2 October 2026 covered total revenue, net trading revenue and other keyperformance indicators, including active customers and first trades. IG today provides its usual quarterlydisclosure of performance by product and division. Group total revenue was £240.5 million, down 14% year-on-year and 21% quarter-on-quarter, within whichnet trading revenue of £212.3 million declined 15% year-on-year and 23% quarter-on-quarter. Revenue (£ million) Q3 2026Q3 2025% YoY Q2 2026% QoQ OTC derivatives 156.1 189.9 (18%) 209.9 (26%)Exchange traded derivatives39.4 39.6 (1%) 40.4 (3%)Stock trading & investments13.6 19.7 (31%) 22.3 (39%) - o/w Freetrade 2.2 6.7 (67%) 5.1 (57%) - o/w organic 11.4 13.0 (12%) 17.2 (34%)Spot crypto 3.2 0.3 nm 2.9 13%Net trading revenue 212.3 249.5 (15%) 275.5 (23%)- o/w organic continuedoperations 207.1 242.6 (15%) 267.7 (23%) Net interest income 28.2 30.5 (8%) 27.3 3%- o/w organic continuedoperations 25.9 28.9 (10%) 24.7 5% Total revenue 240.5 280.1 (14%) 302.8 (21%)- o/w organic continuedoperations 233.0 271.5 (14%) 292.4 (20%) Organic first trades increased 28% year-on-year and declined 23% quarter-on-quarter, reflecting higher andmore effective marketing spend year-on-year, and lower sequential spend amid less supportive market
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conditions. Organic active customers increased 17% year-on-year, and 3% quarter-on-quarter, with blendedpayback on marketing spend remaining strong at under six months. Total assets under administration across the Group’s platforms reached a new high of £22.4 billion at theend of September (30 June 2026: £21.5 billion). Customer metrics (‘000s) Q3 2026Q3 2025% YoY Q2 2026% QoQ Monthly active customers* 864.7 741.5 17% 852.4 1%- o/w organic continuedoperations 328.7 281.0 17% 319.0 3% First trades* 45.7 34.4 33% 60.2 (24%)- o/w organic continuedoperations 33.1 25.9 28% 43.3 (23%) Funded customers 1,431.8 1,322.8 8% 1,411.8 1%- o/w organic continuedoperations 671.9 585.5 15% 657.2 2% *Active customers and first trades have been adjusted to remove the customers who are active in more than one product category (multi-product customers) to provide unique counts for the Group. Independent Reserve was consolidated on 30 January 2026. Within OTC derivatives, RtV was 70% in Q3 2026. OTC net trading revenue of £156.1 million was 18%lower year-on-year, while OTC customer income grew by approximately 8%, highlighting the strength ofthe underlying business. At today’s Capital Markets Event, IG Consumer management will set out theGroup’s conviction behind continued OTC derivatives revenue growth, and IG Securities management willexplain the market-making measures expected to deliver structurally higher RtV over time. Exchange traded derivatives net trading revenue, driven by tastytrade, was broadly flat year-on-year. Attoday’s event, tastytrade management will set out how the Group will extend tastytrade to the nextgeneration of traders while continuing to grow its highly profitable, cash-generative core. Stock trading and investments revenue declined 31% year-on-year. This reflected softer market conditionsand reduced trading activity, including lower volumes in international stocks, as customers responded toconcerns over technology and AI valuations, alongside caution ahead of potential changes to capital gainstax in the forthcoming UK Government Budget. Assets under administration (AuA) across IG’s global stock trading and investments platforms rose 32%year-on-year to more than £10.8 billion, underlining strong demand for our broadening proposition. AuA onIG’s UK D2C platform, including Freetrade, rose 34% year-on-year to more than £9.3 billion. At today’sevent, IG Consumer management will set out the actions underway to accelerate growth and efficiencyacross the combined business, including the rollout of IG’s unified proposition. Spot crypto revenue of £3.2 million (Q3 2025: £0.3 million) reflected the consolidation of IndependentReserve from 30 January 2026 and more supportive digital-asset markets. IG Consumer management willset out how the Group is scaling its crypto proposition and integrating Independent Reserve to accelerategrowth. Enquiries Investor RelationsMartin Price020 7573 0020investors@iggroup.com MediaSodali & Co020 7100 6451iggroup@client.sodali.com About IGIG Group (LSEG:IGG) is a FTSE 100 financial technology company operating at the intersection of retailtrading, technology and capital markets. Through its trusted brands - IG, tastytrade, Freetrade, IndependentReserve and IG Prime - the Group serves over 1.4 million customers worldwide, providing leveragedtrading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For moreinformation visit iggroup.com. APPENDIX I Net trading revenue by division and product1
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Net trading revenue (£ million) Q3 2026 Q3 2025 % YoY Q2 2026 % QoQ UK & Ireland: OTC derivatives 62.8 68.6 (9%) 76.6 (18%) Exchange traded derivatives – 0.2 nm – nm Stock trading & investments 7.5 13.7 (45%) 12.6 (41%) - of which Freetrade 2.2 6.7 (67%) 5.1 (57%) - of which organic 5.3 7.0 (24%) 7.5 (29%) Spot crypto 0.1 0.0 nm 0.1 nm UK & Ireland total 70.4 82.6 (15%) 89.4 (21%) - o/w organic2 68.2 75.9 (10%) 84.2 (19%) APAC & Middle East: OTC derivatives 53.8 74.3 (28%) 82.9 (35%) Stock trading & investments 1.0 1.5 (31%) 1.7 (40%) Spot crypto 3.0 – nm 2.6 13% - of which Independent Reserve 3.0 – nm 2.6 13% - of which organic 0.0 – nm 0.0 nm APAC & Middle East total 57.8 75.8 (24%) 87.3 (34%) - o/w organic2 54.9 75.8 (28%) 84.7 (35%) United States: OTC derivatives 3.1 3.6 (14%) 3.5 (11%) Exchange traded derivatives 39.4 39.4 (0%) 40.4 (3%) Stock trading & investments 4.7 4.1 13% 7.8 (40%) Spot crypto 0.1 0.3 (58%) 0.1 (7%) United States total 47.3 47.4 (0%) 51.8 (9%) Europe: OTC derivatives 29.8 33.4 (11%) 36.2 (18%) Stock trading & investments 0.0 0.0 nm 0.0 nm Europe total 29.9 33.4 (11%) 36.2 (18%) - o/w organic continued operations3 29.9 33.4 (11%) 36.2 (18%) Institutional4: OTC derivatives 6.5 10.0 (35%) 10.7 (39%) Exchange traded derivatives – 0.0 nm – nm Stock trading & investments 0.4 0.4 nm 0.2 nm Institutional total 6.9 10.4 (33%) 10.9 (36%) - o/w organic continued operations3 6.9 10.2 (32%) 10.9 (36%) Group total 212.3 249.5 (15%) 275.5 (23%) - o/w organic continued operations3 207.1 242.6 (15%) 267.7 (23%) Notes: 1. Some figures and period-on-period percentages have been rounded. As a result, subtotals may not equal the sum of the individual figures shown. 2. Organic excludes Freetrade (UK & Ireland division), consolidated on 1 April 2025, and Independent Reserve (APAC & Middle East division), consolidated on 30 January 2026. 3. Organic continuing operations excludes the acquisition of Freetrade and Independent Reserve, the sale of Small Exchange, and the exits from Spectrum and the Group's commercial operations in South Africa (exited 30 April 2025). 4. Emerging Markets, previously reported with Institutional, is now combined within the APAC & Middle East division. APPENDIX II Average monthly active customers by division and product1 Average monthly activecustomers (‘000) Q3 2026 Q3 2025 % YoY Q2 2026 % QoQ UK & Ireland: OTC derivatives 34.8 32.3 8% 36.1 (3%) Exchange traded derivatives 0.1 1.3 nm 0.1 nm Stock trading & investments 532.9 520.2 2% 530.3 0% - of which Freetrade 454.7 459.9 (1%) 453.1 0% - of which organic 78.1 60.2 30% 77.2 1% Spot crypto 3.0 0.7 322% 2.6 15% UK & Ireland total 564.0 548.2 3% 560.6 1% - o/w organic2 109.3 88.2 24% 107.4 2%
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APAC & Middle East: OTC derivatives 40.2 40.4 (1%) 40.8 (2%) Stock trading & investments 42.7 29.5 45% 37.8 13% Spot crypto 83.3 – nm 80.8 3% - of which Independent Reserve 81.2 – nm 80.2 1% - of which organic 2.1 – nm 0.6 nm APAC & Middle East total 162.9 68.1 139% 155.3 5% - o/w organic2 81.6 68.1 20% 75.0 9% United States: OTC derivatives 5.4 5.6 (3%) 5.7 (5%) Exchange traded derivatives 51.0 48.2 6% 50.8 0% Stock trading & investments 76.0 70.1 8% 74.3 2% Spot crypto 10.0 9.5 5% 10.2 (3%) United States total 107.0 98.2 9% 105.6 1% Europe: OTC derivatives 21.4 22.2 (4%) 22.3 (4%) Stock trading & investments 5.7 0.1 nm 5.0 14% Europe total 26.7 22.3 20% 26.9 (0%) - o/w organic continued operations3 26.7 22.3 20% 26.9 (0%) Institutional4: OTC derivatives 2.9 3.9 (25%) 3.0 (4%) Stock trading & investments 1.4 1.0 38% 1.2 11% Institutional total 4.1 4.8 (14%) 4.1 0% - o/w organic continued operations3 4.1 4.2 (2%) 4.1 0% Group total 864.7 741.5 17% 852.4 1% - o/w organic continued operations3 328.7 281.0 17% 319.0 3% Notes: 1. Divisional and Group total active customers are adjusted to remove double-counting of customers active in more than one product category (multi-product customers), giving unique counts by division and for the Group. Some figures and period-on-period percentages have been rounded, so subtotals may not equal the sum of the individual figures shown. 2. Organic excludes Freetrade (UK & Ireland division), consolidated on 1 April 2025, and Independent Reserve (APAC & Middle East division), consolidated on 30 January 2026. 3. Organic continuing operations excludes the acquisition of Freetrade and Independent Reserve, the sale of Small Exchange, and the exits from Spectrum and the Group's commercial operations in South Africa (exited 30 April 2025). 4. Emerging Markets, previously reported with Institutional, is now combined within the APAC & Middle East division. APPENDIX III First trades by division and product1 First trades (‘000) Q3 2026 Q3 2025 % YoY Q2 2026 % QoQ UK & Ireland: OTC derivatives 3.3 2.6 25% 3.6 (10%) Exchange traded derivatives – 0.4 nm – nm Stock trading & investments 12.4 13.2 (6%) 18.1 (31%) - of which Freetrade 7.1 8.5 (17%) 11.7 (40%) - of which organic 5.4 4.7 16% 6.4 (16%) Spot crypto 0.8 0.8 (2%) 0.7 14% UK & Ireland total 15.3 15.2 0% 21.1 (28%) - o/w organic2 8.2 6.7 23% 9.3 (12%) APAC & Middle East: OTC derivatives 4.8 5.7 (17%) 4.9 (3%) Stock trading & investments 7.0 1.4 399% 6.4 8% Spot crypto 7.4 – nm 13.2 (44%) - of which Independent Reserve 5.5 – nm 5.2 6% - of which organic 1.9 – nm 8.0 (76%) APAC & Middle East total 18.0 6.8 164% 24.2 (25%) - o/w organic2 12.5 6.8 84% 19.1 (34%) United States: OTC derivatives 1.2 1.5 (20%) 1.3 (8%) Exchange traded derivatives 7.5 6.9 7% 7.4 1%
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Stock trading & investments 5.2 5.8 (10%) 5.6 (6%) Spot crypto 0.7 1.9 (61%) 0.9 (20%) United States total 10.0 10.2 (2%) 10.3 (3%) Europe: OTC derivatives 1.7 2.0 (14%) 1.9 (10%) Exchange traded derivatives – – nm – nm Stock trading & investments 0.5 – nm 2.8 nm Europe total 2.2 2.0 7% 4.4 (51%) - o/w organic continued operations3 2.2 2.0 7% 4.4 (51%) Institutional4: OTC derivatives 0.1 0.1 (12%) 0.1 (31%) Stock trading & investments 0.1 0.0 nm 0.1 (10%) Institutional total 0.2 0.1 44% 0.3 (23%) - o/w organic continued operations3 0.2 0.1 58% 0.3 (23%) Group total 45.7 34.4 33% 60.2 (24%) - o/w organic continued operations3 33.1 25.9 28% 43.3 (23%) Notes: 1. Divisional and Group total first trades are adjusted to remove double-counting of customers trading for the first time in more than one product category, giving unique counts by division and for the Group. Some figures and period-on-period percentages have been rounded, so subtotals may not equal the sum of the individual figures shown. 2. Organic excludes Freetrade (UK & Ireland division), consolidated on 1 April 2025, and Independent Reserve (APAC & Middle East division), consolidated on 30 January 2026. 3. Organic continuing operations excludes the acquisition of Freetrade and Independent Reserve, the sale of Small Exchange, and the exits from Spectrum and the Group's commercial operations in South Africa (exited 30 April 2025). 4. Emerging Markets, previously reported with Institutional, is now combined within the APAC & Middle East division.
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