REG - Plus500 Ltd - Half Year 2025 Trading Update

Plus500Announcement

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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.

+  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  +972 4 8189503

 Owen Jones, Head of Investor Relations   +44 (0) 7551 654208

                                          ir@Plus500.com (mailto:ir@Plus500.com)

 DGA Group
 James Melville-Ross                      +44 (0)20 7038 7411

 James Styles                             Plus500@dgagroup.com (mailto:Plus500@dgagroup.com)

 Methuselah Tanyanyiwa

 

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
(http://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.

 

 

 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

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