International Workplace Group Plc (LON:) delivered record full-year results for 2025, with adjusted EBITDA rising 6% to $531 million and system-wide revenue reaching $4.5 billion, up 4% year-over-year. The workspace provider increased its 2026 share buyback program by $50 million to $100 million, returning $144 million to shareholders through buybacks and dividends. Managed & Franchised segment growth drove much of this success, with fee income surging 60% to $126 million as recurring management fees more than doubled to $45 million.

The division opened a record 731 centers, signing 1,089 deals—99% on capital-light terms—with segment revenue jumping 28% to $876 million. Company-owned operations saw adjusted gross profit margin expand 97 basis points to 26.4%, despite a 1% revenue decline to $3.6 billion as the company focused on improving occupancy.