IG Design Group (IGR) Trading update summary

Financial performance and outlook

• Revenue, profit, and cash for the nine months to 31 December 2025 were ahead of expectations, with full-year revenue for FY2026 anticipated at $280-285 million, above previous guidance and market consensus.

• Adjusted operating margin is expected at the higher end of guidance, around 4%, and adjusted profit is set to exceed market expectations due to strong trading and higher interest income.

• Net cash for the year is projected at $55-60 million, significantly above expectations, driven by disciplined cash and working capital management and the sale of a surplus UK warehouse.

• The outlook beyond FY2026 remains consistent, targeting annual revenue growth of 0-5%, adjusted operating margins of 4-5%, and sustainable cash generation of $6-8 million per year.

• The company will switch its reporting currency from USD to GBP starting with the FY2026 full-year results.

Corporate actions and governance

• Shareholders approved resolutions for a capital reduction, enabling future shareholder distributions.

• The CEO recruitment process is ongoing, with the Interim Executive Chair remaining in place until an appointment is made.

• FY2026 results will be published in June 2026, including an update on capital allocation policy.