Plus500 (PLUS) Trading Update summary

Financial performance highlights

• Revenue for H1 2024 rose 8% year-on-year to $398.2m, with EBITDA up 6% to $183.9m, maintaining a strong margin of 46%.

• Q2 2024 revenue increased 14% to $182.6m, and EBITDA grew 11% to $81.3m compared to Q2 2023.

• Cash balances exceeded $1bn as of 30 June 2024, reflecting a robust financial position.

Operational developments

• 56,759 new customers were onboarded in H1 2024, up from 50,449 in H1 2023; active customers reached 175,909.

• Growth was achieved despite lower market activity towards period end, attributed to the UEFA EURO 2024 Football Championship.

• Continued investment in technology and customer engagement supported both B2C and B2B offerings.

Shareholder returns

• Approximately $175m was returned to shareholders in H1 2024 via dividends and share buybacks.

• 3,229,215 shares were repurchased at an average price of £19.73, totaling $80.7m.

• New shareholder returns will be announced with the H1 2024 results.