Plus500 Stock Earnings Reports

Plus500 reported a solid 2025 with modest revenue (3%) and EBITDA (2%) growth, while highlighting meaningful strategic progress that is improving the quality and diversification of its earnings. Key operational wins include rapid expansion of its non-OTC businesses (futures, B2B clearing, and newly launched prediction markets), important clearing/partner appointments (ICE Clear U.S./Europe, Kalshi Klear, CME–FanDuel, and Topstep), and the acquisition of Mehta Equities to enter the Indian derivatives market. Customer metrics strengthened: ~105k new customers, ~242k active customers, record customer deposits of ~$6.5bn (avg. deposit ~$27k per active customer), and higher customer tenure/retention (50% of OTC revenue from >5‑year customers). Plus500 emphasizes its proprietary technology and mobile-first offering (89% of OTC revenue mobile/tablet) as competitive advantages. Financially the group ended 2025 with ~ $800m cash, no debt, $792m revenue and $348m EBITDA, generated strong operating cash flow (~$265m), and announced further shareholder returns (additional $187.5m: $100m buyback and $87.5m dividend) consistent with a policy to return at least 50% of net profits. Management reiterated confidence in growth from prediction markets and futures, the resilience of a largely variable cost base, and continued focus on attracting higher-value customers.