International Workplace shares fall as annual profit down; ups buyback

(Alliance News) - International Workplace Group PLC on Tuesday announced a higher dividend as it is increasing its share buyback programme and announced a lower annual profit despite revenue growth.

The Zug, Switzerland-based provider of hybrid workspace said pretax profit fell 26% to USD43 million in 2025 from USD58 million in 2024. Operating profit rose 0.7% to USD143 million from USD142 million, as adjusted earnings per share surged to 4.8 US cents from 2.8c.

System-wide revenue rose 3.6% to USD4.45 billion from USD4.30 billion.

The company said: "The rising demand for more localised working has led to a large number of our new IWG centres opening in the heart of local communities, suburbs and rural areas, enabling many people around the world to say farewell to long daily commutes."

The firm recommended a final dividend of 0.93 US cents per share, up 3.3% from 0.90c a year ago. That brings the total payout for 2025 to 1.38c, up 3.8% from 1.33c in 2024.

IWG said it returned USD144 million of capital to shareholders in 2025, adding that its 2026 share buyback programme was continuing and increased by a further USD50 million to USD100 million.

Looking ahead, the company said 2026 started as expected as it remains "cautiously optimistic". It reiterated 2026 guidance of adjusted earnings before interest, tax, depreciation and amortisation of between USD585 million and USD625 million, between 10% and 18% higher than USD531 million in 2025, which was up 6.0% from USD501 million in 2024.

IWG shares fell 7.9% to 196.20 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

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