20th Oct 2025 08:47
(Alliance News) - Plus500 Ltd on Monday reported a decline in third quarter revenue, but highlighted progress at its US futures offering.
The trading platform provider said revenue in the third quarter of the year declined 2.5% on-year to USD182.7 million from USD187.3 million. For the year so far however, it was 2.1% higher at USD597.8 million from USD585.5 million.
Earnings before interest, tax, depreciation, and amortisation edged up 0.6% to USD82.7 million from USD82.2 million. For the first nine months of the year, it rose at the same pace to USD267.8 million from USD266.1 million.
"Plus500 has delivered significant strategic progress during the first nine months of 2025, further diversifying the group's multi-asset product offering, maintaining a focus on acquiring and retaining higher value customers, and reinforcing our status as a trusted provider of global market infrastructure," Chief Executive Officer David Zruia said.
"We have strong momentum and look to the future with confidence, well positioned to capitalise on both short-term opportunities in global financial markets, as well as compelling medium-term structural growth drivers."
Zruia hailed a "significant milestone" for its US futures business, with customer segregated funds topping USD1 billion for the first time ever. It reached USD1.2 billion at the end of September.
Plus500 still expects revenue and Ebitda in line with market expectations for 2025, which it puts at USD749.5 million and USD343.0 million. This would represent a 2.4% revenue decline from USD768.3 million in 2024, but a 0.2% Ebitda increase from USD342.3 million.
Plus500 shares rose 0.6% to 3,212.00 pence each in London on Monday morning.
By Eric Cunha, Alliance News news editor
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