Plus500 LTD

PLUS

Equity

ISIN IL0011284465 / Valor 21930038

LSE London Stock Exchange, SETS (2026-09-04)

GBP 36.94-0.05%

Plus500 LTD
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About company

Plus500 LTD is a prominent global online brokerage firm that specializes in offering contracts for difference (CFDs) across a wide array of financial instruments, including equities, indices, commodities, and forex. The company operates through multiple subsidiaries, each regulated by leading financial authorities such as the Monetary Authority of Singapore, the Financial Conduct Authority in the UK, the Australian Securities and Investments Commission, and others, ensuring adherence to diverse regional regulatory standards. Plus500 provides its proprietary trading platform to retail clients worldwide, granting access to major market indices like the S&P 500, Dow Jones Industrial Average, and ASX 200. However, it restricts the availability of cryptocurrency CFDs for certain client categories in specific jurisdictions. Headquartered in Cyprus, Plus500 maintains a robust international presence through offices in various countries, enabling it to serve a broad client base effectively.

Summarized from source with an LLMView SourceSector: Finance

Financial headlines (H1 2025)

Revenue $415.1m (+4% YoY); EBITDA $185.1m (+1% YoY) with a 45% EBITDA margin (vs 46% H1 2024); net profit $149.6m and basic EPS $2.05 (+8% YoY). SG&A $232.7m; 70% of costs are variable.

Q2 2025 momentum

Q2 revenue $209.3m (+15% YoY) and Q2 EBITDA $91.3m (+12% YoY). Q2 ARPU rose to $1,578 (+7% YoY) while Q2 AUAC fell to $1,267 (‑26% YoY), showing improved marketing efficiency.

Customer metrics & deposits

Active Customers 179,931 (+2% YoY), New Customers 56,165. Total customer deposits hit a H1 record $3.1bn (more than doubled YoY); average deposit per active customer ~ $17,250 (H1 2024: ~$8,400). Customer trades ~35.5m (+34% YoY).

Business mix & futures growth

Non‑OTC (futures & share dealing) contribution ~13% of group revenue (FY 2024: ~10%) and ~64% of customer deposits. US futures is a key growth engine — on track to generate >$100m revenue in FY 2025; customer segregated funds in futures ~ $850m (up >140% vs FY 2024).

Strategic expansion & M&A

Regulatory/headroom expansion: new licences in Canada and the UAE, a Japan commodities licence, and an ICE Clear US clearing membership. Plus500 announced the conditional acquisition of Mehta Equities (India) to expand futures presence (subject to regulatory approval).

Shareholder returns & capital allocation

Announced additional returns of $165.0m today: $90.0m in buybacks and $75.0m in dividends (total dividend per share $1.0553). Total 2025 shareholder returns announced now $365.0m. Since IPO, cumulative returns ~$2.7bn; the Company held 43,246,147 treasury shares (~37.6% of issued capital) at 30 June 2025.

Balance sheet & liquidity

Cash and cash equivalents $938.1m at 30 June 2025; no debt. Total assets $1,060.8m and equity $611.9m. The model remains highly cash‑generative and capital flexible.

Outlook

Management expects FY 2025 results in line with current market expectations and remains confident in medium‑term growth driven by futures expansion, geographic licences and product diversification. Analysts’ consensus cited in the report: FY 2025 revenue/EBITDA ~$746.2m / $345.2m.

Summarized from source with an LLMView Source

Key figures

20.9%1Y

162%3Y

161%5Y

Performance

30.5%1Y

26.3%3Y

25.3%5Y

Volatility