Plus500 reported a modest rise in revenue and active customers in the first half of 2025, underpinned by expansion into new markets and record customer deposits.
Plus500 Revenue, Active Customers Edge Higher in H1
The London-listed fintech group posted revenue of $415.1m for the six months to June 30, up 4% from $398.2m a year earlier.
EBITDA edged 1% higher to $185.1m, representing a margin of 45%. Active customers rose 2% to 179,931, while the average revenue per user increased 2% to $2,307.
Average deposits per active customer more than doubled year-over-year to approximately $17,250, lifting total deposits to an all-time high of $3.1 billion.
The group secured new regulatory licences in Canada and the UAE, as well as a commodities licence in Japan.
It also announced the conditional acquisition of India’s Mehta Equities, aiming to expand its presence in the world’s largest retail futures market.
Non-OTC business contributed around 13% of group revenue, with the US futures arm on track to generate more than $100m this year following a new clearing membership with ICE Clear US.
Shareholders will receive an additional $165 million via buybacks and dividends, bringing total 2025 returns to $365 million.
This will include a new share buyback programme of $90 million, and total dividends of $75 million, equating to $1.0553 per share.
Chief executive David Zruia said the group entered the second half “with confidence” thanks to its debt-free balance sheet, diversified model, and growth pipeline.
