Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • PLUS posts H1 2025 revenue of GBP 415.1 million and EBITDA of GBP 185.1 million.
  • PLUS achieves all-time high customer deposits of GBP 3.1 billion in H1 2025
  • The company expands regulatory footprint with new licences in UAE, Canada, and Japan

Plus500 Ltd (LSE:PLUS), a global multi-asset fintech group operating proprietary technology-based trading platforms, has announced its interim results for the six months ended 30 June 2025. The company reported revenue of GBP 415.1 million for H1 2025, with EBITDA of GBP 185.1 million, reflecting an EBITDA margin of 45%. Basic earnings per share stood at GBP 2.05, representing an 8% increase compared to the prior year period. Total customer deposits for the period reached GBP 3.1 billion, the highest level recorded for a six-month period, with the average deposit per active customer increasing to approximately GBP 17,250 from GBP 8,400 in H1 2024. The non-OTC segment contributed about 13% of total group revenue, up from around 10% in FY 2024.

During the first half of 2025, Plus500 obtained several new regulatory licences, including approvals from the Securities and Commodities Authority (SCA) in the UAE and the Canadian Investment Regulatory Organization (CIRO) in Canada, bringing its total number of licences to 15 worldwide. In Japan, the company secured a commodities licence, enabling it to extend its over-the-counter offering to the commodities asset class, following the earlier introduction of a multi-asset service tailored to the Japanese market.

The company’s US futures business continued to expand, supported by the addition of a clearing membership with ICE Clear US in January 2025. Plus500 expects the US futures segment to generate more than GBP 100 million in revenue for the full year. As of 30 June 2025, the futures business held approximately GBP 850 million in customer segregated funds, marking a rise of over 140% compared to the end of FY 2024. The B2B (Institutional) segment advanced its integration capabilities, enabling clearing for multiple exchanges, while also expanding its customer base. The B2C (Retail) segment, encompassing the ‘Plus500 Futures’ and ‘T4-Pro’ platforms, maintained growth in activity, supported by technology-enabled services aimed at improving trading experience.

In India, Plus500 announced a conditional agreement to acquire Mehta Equities Limited, pending regulatory approval and completion conditions. This acquisition is expected to provide access to India’s retail futures trading market and create links between the company’s US futures operations and the Indian B2B market. Overall, Plus500’s interim results for H1 2025 reflect expansion into new markets, product diversification, and growth in customer activity, alongside an increase in its global regulatory coverage. The second half of the year will focus on progressing ongoing initiatives, finalising pending acquisitions, and continuing operational developments across its OTC, futures, and share dealing businesses.

PLUS is trading 4.21% lower at GBX 3,280.00 per share as of 11 August 2025.