Flexible workspaces operator International Workplace Group said on Thursday that its capital return program would continue into 2026, highlighting a strategy focused on capital-light growth.
IWG Plc reiterated its medium-term guidance of at least $1bn in underlying earnings, with improved cash flow conversion, and provided full-year 2026 EBITDA guidance of $585m to $625m, as well as at least 4% revenue growth in its company-owned division.
Since December 2023, IWG has returned over $150m to shareholders.
Chief executive Mark Dixon said: "I am delighted to update the market on the progress we have made since our last Investor Day in December 2023. The strategy to grow the most extensive coverage and network in a capital-light manner is working, and it has enabled us to return significant capital to shareholders.
"We expect to continue to deliver both cashflow and growth, and I look forward to discussing the business' operations and financial targets further at our Investor event today in New York City."
As of 0930 GMT, IWG shares were up 0.95% at 233p.
Reporting by Iain Gilbert at Sharecast.com