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Annual Report 2021 (5.26MB) iggroup.com

Financial
Highlights 2021

Delivered record revenue, profit and a sustainable step change in the active client base – aided by favourable market conditions – while continuing to build a diversified global business.

Revenue1,2 £853.4m (2020: £649.2m)
Profit before tax3 £450.3m (2020: £295.9m)
Net own funds generated from operations4 £422.8m (2020: £287.9m)
Basic earnings per share5 100.7p (2020: 65.3p)
Total dividend per share 43.2p (2020: 43.2p)
  1. Throughout this report ‘revenue’ refers to net trading revenue (ie excluding interest on segregated client funds and after deducting introducing partner commissions).
  2. Revenue includes £7.9 million of one-time hedging costs associated with the acquisition of tastytrade, Inc. (‘tastytrade’). On an adjusted basis, revenue was £861.3 million.
  3. Profit before tax includes £19.6 million of one-time costs associated with the acquisition of tastytrade. On an adjusted basis, profit before tax was £477.9 million.
  4. The Group uses alternative performance measures to provide additional information on the performance of the business. For more detail, see our KPI definitions on page 180 of the Annual Report 2021.
  5. Basic earnings per share includes one-time charges associated with the acquisition of tastytrade. On an adjusted basis, basic earnings per share was 108.3p.
Financial Highlights 2021

Chairman’s
Statement

I am extremely proud of the strategic progress and performance IG has delivered over this financial year. IG has continued to prove itself as an ethical, client-focused provider of financial services and products around the world.

An exceptional year

Mike McTighe Chairman
Chairman’s statement

CEO’s
Statement

We have shown our ability to be innovative and agile, and have made good on our promises, substantially outperformed against our three-year strategy and delivered a record-breaking financial performance. Today, we are more global, diversified and sustainable than ever before.

For the second year running, we have rewritten the record books

June Felix Chief Executive Officer
Ceo’s statement

CFO’s
Statement

I am delighted to report an exceptional year of record revenue and profit for the Group. Net trading revenue for the year was up 31% to £853.4 million from FY20.

A record
year of performance

Charles A Rozes Chief Financial Officer
CFo’s statement

Strategic
Update

Core Markets

Our core gives us a strong foundation and has delivered 27% growth in clients in the 2021 financial year.

CORE MARKETS REVENUE 709.5m +31%
STOCK TRADING REVENUE +184%
CORE OTC CLIENTS +16%
NUMBER OF STOCK TRADING CLIENTS 89,500 Clients
REVENUE PER OTC CLIENT +10%
GROWTH IN CORE MARKETS REVENUE 31%
Significant Opportunities

In 2019 we set an ambitious target – growing revenue from our portfolio of Significant Opportunities by £100 million to around £160 million by the end of the 2022 financial year.

JAPAN 28m YouTube views of the 2021 brand ambassador video
Over 2x Increase in Twitter followers
US 30m Unique visitors reached globally through DailyFX
EMERGING MARKETS 4m Potential professional investors in Greater China
SPECTRUM 24/5 Trading from Spectrum
775m Contracts traded
IG PRIME 25% Increase in new clients
33% Revenue growth
Strategic Update

Business
Model

IG enables clients to access trading opportunities in a wide range of markets – including stock indices, individual shares, forex, interest rates and commodities – through online dealing platforms and exchanges.

Our clients

Ambitious, entrepreneurial people, who love a challenge and are restless in their pursuit of opportunity, are at the centre of everything we do.

Decorative Icon Appropriateness

Market to a clearly identified target audience

Decorative Icon Client risk management tools

Negative balance protection and limited-risk accounts

Decorative Icon Client education

Provide extensive range of trading aids

Decorative Icon Client outcomes

Invest in process, training and culture

Our key differentiators

  • Brand and reputation
  • Technology and innovation
  • Conduct and standing with regulators
  • People and culture
the full Business Model

Our Brighter
Future framework

We aim to empower our stakeholders so that we can work together towards a brighter future. To do this, we make commitments in relation to four separate ESG pillars: products, people, partnerships and best practice.

Pillar 1

Products

  • Financial education
  • Onboarding and safeguarding
  • Security
Pillar 2

People

  • Equality, diversity and inclusion
  • Talent development
  • Wellbeing
Pillar 3

Partnerships

  • Educational equality
  • Environment
  • Suppliers
Pillar 4

Best practice

  • Business ethics
  • Accountable leadership
  • Open and transparent
ESG Report

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Annual report 2021 (5.26MB)

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