IG Design Group (IGR) H1 2026 TU earnings summary

Executive summary

• Completed the sale of DG Americas, with FY2026 results including two months of DG Americas' trading losses, transaction costs, and non-cash impairment/loss on disposal.

• Continuing operations now focus on the UK, continental Europe, and Australia, leveraging stable retailer relationships and a diverse market footprint across 70 countries.

Financial highlights

• First-half performance supports full-year revenue guidance of $270-280 million.

• Revenue from continuing operations expected to be about 13% lower year-over-year due to softer UK demand, US tariffs, and competitive pricing in Europe.

• Adjusted operating profit for the period anticipated at approximately $5.6 million, with a 4.3% adjusted operating margin.

• Net cash position at period end was around $2 million, down from $7.4 million in HY2025, with $33 million cash outflow related to DG Americas.

• Continuing Group cash outflow improved by about 13% year-over-year, reflecting better cash and working capital management.

Outlook and guidance

• Entering the second half with 91% orderbook visibility, supporting confidence in meeting full-year expectations.

• Board remains focused on sustainable growth in revenue and margin, with full-year adjusted operating margins expected within the 3-4% range.