iFOREX lowers guidance for H1 2026 EBITDA
iFOREX Financial Trading Holdings Ltd (LON:IFRX) today provided an update regarding its expectations for financial metrics for the six months ended 30 June 2026 (“H1 2026”).
In its interim results, the company expects to report Adjusted EBITDA for H1 2026 of approximately $1.4 million compared with the expectation of circa $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.
