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Plus500 Ltd on Monday reported profit and revenue growth for the second quarter of the year, and it ‘remains confident in the outlook’.
The Haifa, Israel-based contracts-for-difference trading platform provider said earnings before interest, tax, depreciation and amortisation rose 12% on-year in the second quarter to $91.3 million from $81.3 million, as revenue climbed 15% to $209.3 million from $182.6 million.
For the whole of the first half, Ebitda was 0.7% higher on-year at $185.1 million, while revenue rose 4.2% to $415.1 million.
Ebitda margin for the first half weakened to 45% from 46% a year prior. For the second quarter alone, the margin narrowed to 44% from 45%.
‘Following a strong start to the year, the board of directors of Plus500 remains confident in the outlook for the group for 2025 and beyond, reflecting the group’s market-leading technological capabilities, balance sheet strength, earnings resilience and the emerging opportunities, particularly within the business-to-business (Institutional) futures space,’ Plus500 added.
It puts consensus for the whole of 2025 at $746.2 million for revenue and $345.2 million for Ebitda. In 2024, revenue totalled $768.3 million and Ebitda was $342.3 million.
Plus500 said it will announce new shareholder returns, comprising dividends and share buybacks, consistent with its shareholder returns policy, as part of its full half-year results on August 11.
Plus500 shares were up 2.0% to 3,340.00 pence each on Monday morning in London.
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