IG Group Buyback Program Announced with £125 Million Allocation

IG Group buyback program aims to enhance shareholder value with £125 million allocation, boosting confidence and stability. The FTSE 250 firm first disclosed the plan in July and confirmed that Morgan Stanley will manage the purchases under set parameters. The program cuts IG Group’s share capital, transferring all acquired shares into treasury instead of canceling them.

IG Group plans to conclude the initiative by January 30, 2026, though progress will depend on share price trends and other capital needs. Shareholders approved the buyback at IG’s September 2024 annual meeting, leaving 23.8 million shares available for repurchase under the board’s current mandate.

This is not IG’s first foray into buybacks. The company completed a £150 million scheme last year and expanded it by another £50 million at the start of 2025.

IG Group Buyback Program Scheduled to Run Until January 2026

IG Group will publish its fiscal 2026 first-quarter trading update on September 25, potentially shedding light on business performance and the rationale for the timing of the repurchase.

The most recent update came at the end of July, when IG reported fiscal 2025 results showing revenues above £1.07 billion. The broker highlighted a 7% year-over-year drop in its organic fixed cost to serve per customer, crediting efficiency efforts. The company also introduced additional measures to boost income retention in the OTC business by capturing more spread revenue and lowering hedging outlays.

“We expect these initiatives to deliver stronger customer income retention over the medium to long term and increase short-term variability,” said IG’s CEO, Breon Corcoran.

Three of IG’s major UK-based subsidiaries also posted improved profitability in fiscal 2025, marking a recovery from the uneven results seen a year earlier.

IG’s CEO ranked as the second-highest-paid executive among publicly traded CFD brokers, receiving about £3.35 million ($4.46 million) in total compensation for fiscal 2025. By comparison, CMC Markets’ Lord Peter Cruddas earned £1.1 million ($1.5 million), while Plus500’s David Zruia took home $4.97 million.

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