IG Group Holdings plc (LSE:IGG) agreed to acquire 70% stake in Independent Reserve Pty. Ltd. for approximately AUD 120 million on September 19, 2025. The consideration consists of AUD 109.6 million in cash, excluding the Group?s expected share of acquired surplus cash of AUD 8.4 million and an additional payment of AUD 15 million is contingent on performance in FY266, taking the consideration for 70% ownership to AUD 124.6 million. IG Group Holdings plc has a call option to purchase the 30% stake that it will not own at closing, with valuation based on performance in FY27 and FY28. The acquisition of Independent Reserve complements the strategic progress IG has made to enhance its crypto propositions in the UK and US. Following completion, The leadership team and employees will remain with Independent Reserve, and retain a collective 30% shareholding and IG Group Holdings plc will retain Independent Reserve?s brand and integrate its product into IG?s trading platforms, initially in Australia and Singapore.

For the period ending June 30, 2025, Independent Reserve Pty. Ltd. reported total revenue of AUD 35.3 million and EBITDA of AUD 9.9 million.

Completion is subject to regulatory approvals from MAS in Singapore and FIRB in Australia and currently expected in early 2026. The acquisition is expected to be cash EPS accretive in the first full financial year post-closing (FY27) and achieve a return on invested capital in excess of the Group?s weighted average cost of capital in years three to five (FY29-31).

Jo Ruitenberg, Tim Grave, Sophie Bradshaw and Jamie Lumsden of Hamilton Locke Pty Ltd acted as legal advisor for Independent Reserve Pty. Ltd.

IG Group Holdings plc (LSE:IGG) completed the acquisition of 70% stake in Independent Reserve Pty. Ltd. on January 30, 2026. The transaction was approved by the Monetary Authority of Singapore. This acquisition strengthens our crypto capabilities and positions us to meet growing customer demand across APAC and the Middle East.