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2 October 2026 IG Group LEI No : 2138003A5Q1M7ANOUD76 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION - FOR IMMEDIATE RELEASE IG GROUP HOLDINGS PLC Q3 trading update Breon Corcoran , CEO , said : " Growth in first trades and active customers remained strong in Q3 2026 . Lower Q3 revenue reflected reduced OTC revenue retention in less supportive market conditions , and I remain confident in meeting our medium - term guidance . " IG Group Holdings plc ( " IG " , " the Group " ) today issues a trading update for the three months ended 30 September 2026 ( " Q3 2026 " ) . • Q3 2026 total revenue expected to be approximately £ 240 million , down approximately 14 % year- on - year , reflecting lower OTC revenue retention . • 2026 total revenue growth now expected to be in a mid - single - digit per cent range year - on - year . • Q3 2026 organic first trades up over 25 % year - on - year ; organic active customers up around 17 % . Underdog traded strongly , with Q3 2026 net revenue up over 100 % year - on - year to approximately $ 105 million , ahead of the seasonally important Q4 period , which accounted for more than a third of Underdog's revenue in 2025 . Group total revenue in Q3 2026 is expected to be approximately £ 240 million ( Q3 2025 : £ 280.1 million ) , including net trading revenue of approximately £ 210 million ( Q3 2025 : £ 249.5 million ) . Within OTC derivatives , revenue retention in Q3 2026 was approximately 70 % , below the approximately 80 % averaged since the introduction of market - making optimisation measures in H2 2025 to the end of Q3 2026. As previously guided , the Board remains confident that these measures will structurally increase OTC revenue retention over the medium to long term , albeit with greater expected short - term variability . The underlying business remains strong . While Q3 2026 OTC net trading revenue of approximately £ 155 million was around 18 % lower year - on - year , OTC customer income increased by approximately 8 % . Reflecting lower OTC revenue retention in Q3 2026 , the Board now expects 2026 Group total revenue growth to be in a mid - single - digit per cent range year - on - year . Non - recurring costs relating to the Group's redomicile to Jersey and the restructuring associated with the refreshed organisational model announced on 8 July 2026 are expected to be approximately £ 30 million for 2026 , of which £ 16.4 million was reported in H1 2026. Excluding these non - recurring costs and expenses related to the acquisition of Underdog , which are contingent on closing , the Group EBITDA margin for 2026 is expected to be in the low - 40s per cent range . The Board remains confident of meeting its medium - term guidance beyond 2026 , reflecting customer growth , driven by investment in product and brand , together with higher OTC revenue retention . IG will provide further detail on Q3 2026 trading on 22 October 2026 , ahead of its strategy update that day . The Group will also host a virtual seminar on Underdog for institutional investors and analysts on 8 October 2026 . Enquiries Investor Relations Martin Price 020 7573 0020 investors@iggroup.com Media Sodali & Co 020 7100 6451 iggroup@client.sodali.com