The company recorded revenue figures of £471.9m, up 16% from the corresponding period the year before. The majority of the revenue total – £398.4m – came from over the counter (OTC) leveraged derivatives.
Exchange-traded derivatives added £57.6m, while stock trading and investments accounted for £15.9m.
The UK proved to be the most lucrative region during the period, generating £177.5m. This was followed by the US with £61.4m, the EU with £55.1m and Australia with £48.8m.
Operating costs for the period came to £222.3m, a 22.0% increase on 2021. Fixed remuneration of £69.0m was the biggest expense, followed by £38.0m of advertising and marketing costs. Revenue costs were £19.0m, IT costs came to £15.7m, while depreciation and amortisation amounted to £13.9m.
Operating profit totaled £251.0m. After accounting for £42.6m of tax expenses, £4.8m finance costs and £1.0m of losses from associates, net profit for the period was £202.6m – an 8.0% increase.
Chief executive June Felix said: “This has been a period of outstanding performance with record revenues and profits. Since we launched our new strategy three years ago, the group has transformed from a UK-centric, CFD focused firm, to a global financial technology company with a multi-product trading platform.
“We believe that elevating collective financial literacy will reinforce our longevity as a business and simultaneously enhance potential outcomes for everyone in the communities in which we operate. We are here to win – for our client, for our investors, for the betterment of society.”
Felix added: “The Tastytrade acquisition in June 2021 brought about a step-change in our reach and product offering. Through our complementary capabilities, and buttressed by Tastytrade’s award-winning technology platform and compelling, distinctive educational content, IG is well positioned to take advantage of the global structural shifts toward self-directed trading and deliver continued sustainable growth.”