International Workplace shares fall as annual profit down; ups buyback
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 $43 million in 2025 from $58 million in 2024. Operating profit rose 0.7% to $143 million from $142 million, as adjusted earnings per share surged to 4.8 US cents from 2.8c.
System-wide revenue rose 3.6% to $4.45 billion from $4.30 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 $144 million of capital to shareholders in 2025, adding that its 2026 share buyback programme was continuing and increased by a further $50 million to $100 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 $585 million and $625 million, between 10% and 18% higher than $531 million in 2025, which was up 6.0% from $501 million in 2024.
IWG shares fell 7.9% to 196.20 pence each on Tuesday morning in London.
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