REG - Plus500 Ltd - Year End Trading Update

Plus500Announcement

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RNS Number : 4875O  Plus500 Limited  12 January 2026

12 January 2026

Plus500 Ltd.

("Plus500", the "Company" or, together with its subsidiaries, the "Group")

FY 2025 Year End Trading Update

Revenue and EBITDA ahead of market expectations

Two exciting B2B partnerships announced in the US futures space

Delivery of strategic initiatives accelerated during FY 2025, driving growth
and returns

Plus500, a global multi-asset fintech group operating proprietary
technology-based trading platforms, today issues the following trading update
for the financial year ended 31 December 2025.

Strong financial results for FY 2025 highlight the Group's high-quality
earnings model and differentiated proposition

The Group delivered extremely strong financial results for FY 2025, with
Revenue 1  (#_ftn1) of approximately $792m and EBITDA 2  (#_ftn2) of
approximately $348m, both of which are ahead of market expectations 3 
(#_ftn3) . On a constant currency basis, the EBITDA outcome for FY 2025 is
approximately 8% higher than the EBITDA in FY 2024. The Group's financial
position remained robust, and debt-free, with cash balances of approximately
$0.8bn as of 31 December 2025, following the distribution of approximately
$380m to shareholders during the year.

Improving customer longevity driven by retention initiatives and deeper
engagement

The Group continued to focus on long term, higher value customers in 2025 and
onboarded approximately 104,500 New Customers 4  (#_ftn4) (FY 2024: 118,010)
with a positive year-on-year improvement in AUAC 5  (#_ftn5) , declining by
more than 10%. This demonstrates the Group's ability to optimise its average
customer acquisition cost via its sophisticated, multi-channel marketing
machine technology.

Active Customers 6  (#_ftn6) also remained steady at approximately 242,000 (FY
2024: 254,138) and notably approximately 50% of OTC revenue in FY 2025 was
generated by customers trading with Plus500 for more than five years. This is
double the equivalent percentage three years ago (FY 2022: 24%) and reflects
the enduring power of the Group's proposition, leaving it uniquely positioned
to drive high-quality earnings growth.

Major strategic partnerships in the US futures business

Plus500 reinforced its position as a trusted, scaled and agile provider of
global market infrastructure with two prestigious B2B partnerships in the US
futures and prediction market spaces.

Plus500 was appointed as the clearing partner for the CME Group's
groundbreaking prediction market and event-based contracts platform, launched
in partnership with FanDuel, North America's premier sports gaming company,
which went live last month. This partnership underscores Plus500's
capabilities as an accredited, global and trusted market infrastructure
provider, supported by its market-leading proprietary technology and
regulatory expertise with a focus on institutional collaboration, as
highlighted by its status as a clearing member of the CME Group Exchanges and
Kalshi Exchange, among others.

This followed another exciting strategic partnership in October with Topstep,
a leading US-based trading education and evaluation platform. Through this
partnership, Plus500 acts as the exclusive provider of institutional-grade
clearing and technology infrastructure for Topstep Brokerage and related
entities, representing another key step in Plus500's expansion within the US
futures market.

Meaningful expansion for the OTC business into new markets

In FY 2025, the Group secured new regulatory licences in the UAE and Canada
and received authorisation from the Colombian Financial Superintendence to
establish a new representative office in the country, marking Plus500's first
strategic expansion into Latin America. Taken together, the Group's 16 global
licences represent a trusted regulatory stamp and a unique, valuable asset for
the Group. Their scarcity means they provide the Group with a significant
source of competitive advantage and future growth opportunities.

The Group also continued to focus on its growth drivers and objectives,
including attracting and retaining higher value customers, expanding into new
markets, driving product innovation and pursuing selective, accretive M&A.

Significant level of total shareholder returns

The Group maintained its disciplined approach to capital allocation,
delivering attractive long-term shareholder returns. During FY 2025, Plus500
announced total shareholder returns of $365m, including $200m allocated to
share buyback programmes, providing yet more evidence of the Group's financial
strength and its commitment to generating attractive returns for shareholders.
As a result, Plus500 remained the best performing stock on the FTSE All-Share
Index on a total return basis since the Company's IPO in 2013 to the end of
December 2025.

2026 Outlook

Plus500 remains strategically well-positioned to capitalise on both short-term
market trends and longer-term, structural growth drivers in its addressable
markets. These addressable markets are expanding as the Group maximises the
compelling growth opportunities across both its OTC and non-OTC products,
which includes its futures and prediction market businesses.

The Group will continue to assess innovative product development opportunities
in adjacent markets, whilst remaining focused on enhancing its existing
operations to deliver growth and value creation through the cycle. The
Company's Board of Directors remains confident in the outlook for Plus500 in
2026 and beyond, and expects the Group to continue making strong financial and
strategic progress alongside delivering further shareholder returns.

Notice of Results

Plus500 will publish its Preliminary Results for FY 2025 on Monday 9 February
2026.

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) 7510 385 554

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

 Corbin Ellington

 
 

 
 
 

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  (#_ftnref1) Revenue is comprised of trading income and interest income

 2  (#_ftnref2) EBITDA - Revenue (trading income and interest income) minus
operating expenses plus depreciation and amortisation

 3  (#_ftnref3) Market expectations - Based on compiled analysts' consensus
forecasts (Source: Bloomberg), located on the Investor Relations section of
the Company's website, which are for Revenue of $757.7m and EBITDA of $345.8m
in FY 2025

 4  (#_ftnref4) New Customers - Customers depositing for the first time

 5  (#_ftnref5) AUAC - Average User Acquisition Cost

 6  (#_ftnref6) Active Customers - Customers who made at least one real money
trade during the period

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