IG Design Group (AIM:IGR) swung to net cash generation from continuing operations of £16.2m in the year ended 31 March, reversing a £4.6m outflow in FY2025 and leaving year-end net cash of £54.6m (FY2025: £65.6m).
Continuing revenue declined 3% to £217.9m (FY2025: £225.4m) and adjusted operating profit fell to £9.6m (FY2025: £16m), taking adjusted operating margin to 4.4% from 7.1%, as tariffs, pricing pressure and softer UK demand weighed on performance, the Group, a designer, innovator and manufacturer across the Celebrate and Create categories, said.
The disposal of DG Americas on 30 May 2025 was material to the statutory picture, producing a £110.2m loss on disposal and contributing to a £117.7m loss from discontinued operations that the board treated as non‑recurring.
Regionally, DG Europe grew revenue 2% to £102.9m while DG UK revenue fell 12% to £82m and UK adjusted operating profit dropped to £3.1m (FY2025: £5.6m) as volumes and mix weakened.
Post period the group completed the bolt‑on acquisition of Glenart on 29 April, appointed Gerald Kuehr as CEO from 1 July, and reiterated FY2027 guidance of 0-5% revenue growth, adjusted operating margins of 4-5% and c.£5m annual free cash generation with an orderbook at 78% of budget.
"We have delivered what we promised in the period as a simplified more stable business," said Stewart Gilliland, Interim Executive Chair.
