7th Jul 2025 09:52
(Alliance News) - 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 USD91.3 million from USD81.3 million, as revenue climbed 15% to USD209.3 million from USD182.6 million.
For the whole of the first half, Ebitda was 0.7% higher on-year at USD185.1 million, while revenue rose 4.2% to USD415.1 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 USD746.2 million for revenue and USD345.2 million for Ebitda. In 2024, revenue totalled USD768.3 million and Ebitda was USD342.3 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.
By Tom Budszus, Alliance News slot editor
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