Published by Global Banking & Finance Review®
Posted on August 19, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleIWG anticipates annual profit at the lower end of its forecast, despite a 6% rise in first-half profit and a new share buyback target of $130 million.
(Reuters) -British office space provider IWG said on Tuesday it expects annual adjusted core profit to be towards the lower end of its forecast, sending shares 15% lower, despite an increased buyback target and higher first-half profit.
The company reiterated its overall forecast for adjusted core profit at $525 million to $565 million for the year, but said further investments in its managed and franchise segment could keep earnings at the lower end of its range.
IWG, the owner of the Spaces and Regus brands, posted a 6% rise in first-half adjusted core profit of $262 million. It also announced a new share buyback target of at least $130 million for 2025, compared with an earlier goal of $100 million.
The global office rental firm said its managed and franchise business reported a 26% growth in revenue to $361 million, lifting total system revenue to $2.16 billion for the six months ended June 30.
(Reporting by Ankita Bora in Bengaluru; Editing by Rashmi Aich and Sonia Cheema)
IWG expects its annual adjusted core profit to be towards the lower end of its forecast, which is between $525 million to $565 million.
Following the announcement, IWG's shares dropped by 15%.
IWG's managed and franchise business reported a 26% growth in revenue, totaling $361 million.
IWG announced a new share buyback target of at least $130 million for 2025.
IWG posted a 6% rise in first-half adjusted core profit, amounting to $262 million.
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