Earnings release
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Half Year 2025 Trading Update Released : 07 Jul 2025 07:00 RNS Number : 9293P Plus500 Limited 07 July 2025 7 July 2025 Plus500 Ltd. ("Plus500", the "Company" or together with its subsidiaries the "Group") H1 2025 ‐ Trading Update Accelerating positive momentum and material strategic progress across the Group Strong revenue and profit delivery Plus500, a global multi‐asset fintech group operating proprietary technology‐based trading platforms, today announces its trading update for the six months ended 30 June 2025. David Zruia, Chief Executive Officer of Plus500, commented: "Plus500 delivered further operational and financial progress in H1 2025. We expanded our global presence with new regulatory licences in Canada and the UAE, added to our growing list of clearing memberships with ICE Clear US and announced the exciting acquisition of Mehta Equities in India, which will provide us access to the largest retail futures market in the world. This progress is underpinned by our proprietary technology which drives our global business model and supports our relentless focus on innovation and growth, enabling the Group to deliver compounded returns through the cycle." Financial highlights* H1 2025 H1 2024 Change % Q2 2025 Q2 2024 Change % Revenue[1] $415.1m $398.2m 4% $209.3m $182.6m 15% EBITDA[2] $185.1m $183.9m 1% $91.3m $81.3m 12% EBITDA margin 45% 46% (2%) 44% 45% (2%) *Unaudited Strong financial and operational delivery during H1 2025 The Group's increasingly diversified business model, global scale and best‐in‐class operations are all driven by its proprietary technology and unique system architecture. Reflecting this strong strategic positioning, revenue in H1 2025 increased by 4% to $415.1m (H1 2024: $398.2m) and EBITDA grew to $185.1m, equating to an EBITDA margin of 45% (H1 2024: $183.9m and 46%). The Group successfully onboarded 56,165 New Customers[3] in H1 2025 (H1 2024: 56,759), including 29,268 in Q2 2025 (Q2 2024: 24,810) and Active Customers[4] were 179,931 (H1 2024: 175,909), including 132,602 in Q2 2025 (Q2 2024: 123,803). Customer deposits of $3.1bn (H1 2024: $1.5bn) was a record high for a six‐month period, highlighting the success of Plus500's strategic focus on higher value customers and structural growth initiatives. Strategic highlights In H1 2025, Plus500 delivered meaningful progress on a number of important initiatives as its positive momentum accelerated. The strategic highlights include: + The Group's growing futures business performed extremely well, with non‐OTC [5] revenue representing approximately 13% of total Group revenue during the period, highlighting the successful diversification of the Group's operations into the US futures market. + The futures business was further supported with a new clearing membership with ICE Clear US, allowing the Group to expand its holistic product and service offering to futures customers. + The conditional acquisition of Mehta Equities Limited in the period, subject to the receipt of certain regulatory approvals and other closing conditions, represents a major milestone that aims to boost Plus500's presence in the global futures market, providing access to the largest retail futures market in the world, and creating synergies between the Group's existing operations in the US futures market.
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+ Geographic expansion with a new regulatory licence in Canada and an additional licence in the UAE, which has already enabled Plus500 to enhance its localised offering in the UAE and expand its product in this strategically important market to capture the revenue opportunity. Significant level of total shareholder returns During H1 2025, Plus500 announced shareholder returns of approximately $200m through dividends and share buybacks, supported by its strong financial position. Cash balances remained strong at over $925m as of 30 June 2025. The Company will announce new shareholder returns, comprising dividends and share buybacks, consistent with its shareholder returns policy, as part of its H1 2025 results on Monday 11 August 2025. Outlook Following a strong start to the year, the Board of Directors of Plus500 remains confident in the outlook for the Group for 2025[6] and beyond, reflecting the Group's market‐leading technological capabilities, balance sheet strength, earnings resilience and the emerging opportunities, particularly within the B2B (Institutional) futures space. For further details: Plus500 Ltd. Elad Even‐Chen, Chief Financial Officer Owen Jones, Head of Investor Relations +972 4 8189503 +44 (0) 7551 654208 ir@Plus500.com DGA Group James Melville‐Ross James Styles Methuselah Tanyanyiwa +44 (0)20 7038 7411 Plus500@dgagroup.com About Plus500 Plus500 is a global multi‐asset fintech group operating proprietary technology‐based trading platforms. Plus500 offers customers a range of trading products, including OTC ("Over‐the‐Counter" products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures. The Group retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the United States, Estonia, Japan, the UAE, the Bahamas and Canada and through its OTC product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade its OTC products in more than 60 countries and in 30 languages. Plus500's trading platforms are accessible from multiple operating systems (iOS, Android and Windows) and web browsers. Customer care is, and has always been, integral to Plus500. As such, OTC customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for OTC trading platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure, and stop losses to help customers protect profits, while limiting capital losses. Plus500 was admitted to trading on the London Stock Exchange (LON: PLUS) on 24 July 2013. It was admitted to the Equity Shares in Commercial Companies ("ESCC") Category of the Official List and is a constituent of the FTSE 250 Index and the STOXX Europe 600 Index. Website: www.plus500.com. Forward looking statements This announcement contains statements that are or may be forward‐looking statements. All statements other than statements of historical facts included in this announcement may be forward‐looking statements, including statements that relate to the Group's future prospects, developments and strategies. The Company does not accept any responsibility for the accuracy or completeness of any information reported by the press or other media, nor the fairness or appropriateness of any forecasts, views or opinions express by the press or other media regarding the Group. The Company makes no representation as to the appropriateness, accuracy, completeness or reliability of any such information or publication. Forward‐looking statements are identified by their use of terms and phrases such as "believe", "targets", "expects", "aim", "anticipate", "project", "would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions. The forward‐looking statements in this announcement are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from any results, performance or achievements expressed or implied by such forward‐looking statements. Factors that may cause actual results to differ materially from those expressed or implied by such forward looking statements include, but are not limited to, those described in the Risk Management Framework section of the Company's most recent Annual Report. These forward‐ looking statements are based on numerous assumptions regarding the present and future business strategies of the Group and the environment in which it is and will operate in the future. All subsequent oral or written forward‐looking statements attributed to the Company or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. Each forward‐looking statement speaks only as of the date of this announcement. Except as required by law, regulatory requirement, the UK Listing Rules and the Disclosure Guidance and Transparency Rules, neither the Company nor any other party intends to update or revise these forward‐looking statements, whether as a result of new information, future events or otherwise.
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[1] Revenue is comprised of trading income and interest income [2] EBITDA - Revenue (trading income and interest income) minus operating expenses plus depreciation and amortisation [3] New Customers - Customers depositing for the first time [4] Active Customers - Customers who made at least one real money trade during the period [5] Non-OTC includes futures and share dealing [6] Market expectations based on compiled analysts' consensus forecasts (Source: Bloomberg). Consensus forecasts for FY 2025 revenue and EBITDA are $746.2m and $345.2m, respectively This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TSTRFMLTMTBMBIA