Plus500 (PLUS) H2 2025 TU earnings summary

Executive summary

• Revenue of approximately $792m and EBITDA of $348m for FY 2025, both exceeding market expectations.

• Strategic acceleration in B2B partnerships and expansion into new markets, including the US, UAE, Canada, and Colombia.

• Focused on long-term, higher-value customers, with improved customer retention and engagement.

Financial highlights

• Revenue reached $792m and EBITDA $348m, both ahead of consensus forecasts for FY 2025.

• EBITDA increased by approximately 8% year-over-year on a constant currency basis.

• Cash balances stood at $0.8bn as of year-end, with no debt.

• Distributed approximately $380m to shareholders during the year.

Outlook and guidance

• Well-positioned to capitalize on both short-term trends and long-term structural growth in addressable markets.

• Board expects continued strong financial and strategic progress in 2026 and beyond.

• Ongoing focus on product innovation, market expansion, and further shareholder returns.