Plus500 (LON:PLUS) shares rose 2% on Monday morning after the trading platform posted a double-digit increase in second-quarter earnings, backed by record customer deposits and continued international expansion.
Revenue for the quarter climbed 15% to $209.3 million, while EBITDA rose 12% year-on-year to $91.3 million. Active customers grew to over 132,000, helping drive a half-year deposit total of $3.1 billion.
For the first half overall, EBITDA edged up 0.7% to $185.1 million, with revenue up 4.2% at $415.1 million. Margins remained solid, though slightly lower, the EBITDA margin for Q2 narrowed to 44% from 45% a year earlier.
The company maintained its full-year guidance, with consensus expectations at $746.2 million for revenue and $345.2 million for EBITDA. In 2024, Plus500 delivered $768.3 million in revenue and $342.3 million in EBITDA.
Backed by a cash pile of $925 million, Plus500 returned $200 million to shareholders during the first half through dividends and buybacks. Further shareholder returns are set to be confirmed with the full H1 results on 11 August.
CEO David Zruia highlighted new licences in Canada and the UAE, alongside the acquisition of Mehta Equities in India, which he said opens the door to the world’s largest retail futures market.
Shares in Plus500 are now up nearly 30% so far in 2025.