Plus500 (PLUS) Trading Update summary

Financial performance and operational highlights

• Revenue rose 4% to $415.1m in H1 2025, with EBITDA up 1% to $185.1m and a 45% EBITDA margin.

• Q2 2025 revenue increased 15% year-on-year to $209.3m, with EBITDA up 12% to $91.3m.

• Record customer deposits reached $3.1bn, reflecting a focus on higher value customers and growth initiatives.

• 56,165 new customers onboarded in H1 2025, with active customers rising to 179,931.

• Cash balances exceeded $925m as of 30 June 2025.

Strategic and geographic expansion

• Secured new regulatory licences in Canada and the UAE, enhancing local offerings and market reach.

• Acquired Mehta Equities in India, providing access to the world's largest retail futures market.

• Gained new clearing membership with ICE Clear US, expanding futures product and service offerings.

• Non-OTC revenue, mainly from futures, represented 13% of total revenue, showing successful diversification.

Shareholder returns and outlook

• Announced approximately $200m in shareholder returns via dividends and buybacks in H1 2025.

• New shareholder returns to be announced with H1 2025 results in August.

• Board remains confident in 2025 outlook, citing technology, balance sheet strength, and B2B futures opportunities.