iFOREX Financial Trading Holdings Ltd.
(trading as "iFOREX")
("iFOREX", the "Company" or the "Group")
Interim Results Update
Update to H1 2026 EBITDA; full year expectations unchanged
The Company expects to announce its interim results for the six months ended 30 June 2026 ("H1 2026") on 24 September 2026 as previously stated.
In its interim results, the Company expects to report Adjusted EBITDA for H1 2026 of c.$1.4 million compared with the expectation of c.$2.4 million as set out in the H1 2026 trading update on 27 July 2026. This change follows the interim results review process and reflects a higher liability for amounts owed to clients at 30 June 2026 than previously recorded and the associated non-cash expense recognised. Post period end this accounting impact has largely reversed. Revenue and net cash as at 30 June 2026 remain unchanged and as set out in the H1 2026 trading update.
Current guidance of Adjusted EBITDA for FY 2026 remains unchanged at between $0.5 million to $2.5 million noting that the change described above has an immaterial impact on full year performance given the reversal post period end.
While trading conditions remain challenging, the Board has been encouraged by the Group's performance since the update on 19 August 2026, with the August result slightly better than anticipated.
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018
Enquiries:
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Camarco Marc Cohen Phoebe Pugh
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iforex@camarco.co.uk |
About iFOREX:
iFOREX is a leading FinTech company. Founded in 1996, the company operates a proprietary online and mobile trading platform, enabling retail clients to trade Contracts for Difference (CFDs) across a wide array of over 870 financial instruments.
iFOREX combines advanced technology and superb customer service to meet modern traders' evolving needs. We offer free training, support, and educational resources to help clients navigate global markets and enhance their trading skills, underscoring our mission to empower traders with the knowledge and tools for success.
iFOREX Europe is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 143/11 and provides services throughout the European Economic Area (EEA) (with the exception of Belgium and Cyprus) in reliance on ''passports'' granted in accordance with MiFID. The Group also has relevant regulatory authorisations from the Financial Services Commission in the BVI under license number SIBA/L/13/1060.