The quarter saw unprecedented network growth and improving occupancy, contributing to continued system-wide revenue growth.
Key highlights from the half year’s results:
Group performance – steady growth supported by strong demand
IWG delivered system-wide revenue of $1.1bn, representing 4% year-on-year growth, while continuing to prioritize scalable, capital-light growth across its global workspace network.
Divisional performance – Managed & Franchised remains the primary growth engine
The Managed & Franchised division achieved 36% system-wide revenue growth, with recurring management fees up 83% year-over-year. The quarter saw 335 new centre deals signed, and 215 new locations opened, significantly expanding network coverage and future revenue visibility.
Shareholder Returns – Ongoing disciplined capital allocation
Year-to-date, the Group has returned over $100m to shareholders through dividends and share buybacks, reflecting its continued commitment to sustainable long-term value creation.
Mark Dixon, Chief Executive of IWG plc, said:
“I am pleased with the financial results in the third quarter of 2025. The incremental investment we have made in our Managed & Franchised segment has already led to an acceleration in the number of locations we have opened and added to the pipeline as we continue to expand our network and coverage. The evolution of occupancy and pricing sets us up well for further growth in the remainder of the year and into 2026. Operational cash generation is enabling the ongoing share buyback.”
Outlook
IWG reaffirms its full-year 2025 guidance, maintaining its focus on capital-light network expansion, scalable operating performance and continued shareholder returns. The Group remains on track to achieve at least $1bn in EBITDA in the medium term.
IWG
