Business
Final Results
Final Results.
About this update from Plus500 Ltd.
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 14 February 2023\n \n \n \n \n \n \n Plus500 Ltd.\n \n \n \n \n (\"Plus500\", the \"Company\" or together with its subsidiaries the \"Group\")\n \n \n \n \n \n \n \n \n \n Preliminary Unaudited Results for the year ended 31 December 2022\n \n \n \n \n Another excellent performance in FY 2022, driving growth and reinforcing our financial position \n \n \n \n \n Additional $100m shareholder returns announced today, increasing returns to shareholders in respect of FY 2022 to more than $270m\n \n \n \n \n \n \n \n \n Plus500,\n a global multi-asset fintech group operating proprietary technology-based trading platforms\n ,\n today announces its unaudited preliminary results for the year ended 31 December 2022.\n \n \n \n \n \n \n Financial Highlights\n \n :\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FY 2022*\n \n \n \n \n \n FY 2021\n \n \n \n \n \n Change %\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n $832.6m\n \n \n \n \n $718.7m\n \n \n \n \n 16%\n \n \n \n \n \n \n EBITDA\n \n \n \n \n $453.8m\n \n \n \n \n $387.1m\n \n \n \n \n 17%\n \n \n \n \n \n \n EBITDA Margin %\n \n \n \n \n 55%\n \n \n \n \n 54%\n \n \n \n \n 2%\n \n \n \n \n \n \n Cash balance at year end\n \n \n \n \n $\n 930\n .\n 2\n m\n \n \n \n \n $749.5m\n \n \n \n \n 2\n 4\n %\n \n \n \n \n \n \n \n \n *Unaudited\n \n \n \n \n \n \n \n \n \n Key Headlines:\n \n \n \n \n \n \n \n Excellent performance achieved, well ahead of market expectations[1] at the beginning of FY 2022, driving strong revenue and EBITDA growth:\n \n \n \n \n Powered by the Group's proven business model and market-leading proprietary technology\n \n \n \n Plus500's on-going ability to attract and retain higher value, long term customers evidenced by:\n \n \n o \n 87% of OTC\n [2]\n revenue derived from Group's customers trading for more than a year\n \n \n o \n Consistently strong levels of Customer Income\n \n \n \n [3]\n \n \n \n \n \n o \n Record annual ARPU\n \n \n \n [4]\n \n \n \n achieved during the year\n \n \n \n The Group reached another major commercial milestone, with over 24 million worldwide customers now registered on its trading platforms ...