Business
Plus500 H1 2023 Interim Results
Plus500 H1 2023 Interim Results.
About this update from Plus500 Ltd.
[{"type":"text","content":"\n\n\n14 August 2023\n \nPlus500 Ltd.\n(\"Plus500\", the \"Company\" or together with its subsidiaries the \"Group\")\nInterim results for the six month period ended 30 June 2023\nFurther progress and execution against Plus500's strategic plans\nSignificant additional $120.0m shareholder returns announced today, with total shareholder returns of $347.4m so far in FY 2023\nStrategic expansion of geographic footprint achieved by obtaining new regulatory licences\nFY 2023 expected to be in line with current market expectations[1]\nPlus500, an established global multi-asset fintech group operating proprietary technology-based trading platforms, today announces its interim results for the six month period ended 30 June 2023[2].\nRobust performance[3], underpinned by market-leading technology platforms, diversified revenue streams and continued ability to attract and retain higher value customers\nFinancial Highlights:\n- Group revenue (comprising trading income of $346.2m and interest income of $22.3m), up 15% to $368.5m, compared to H2 2022 (H2 2022: $321.2m, H1 2022: $511.4m)\n- Customer Income[4], a key measure of the Group's underlying performance, up 2% to $304.3m, compared to H2 2022 (H2 2022: $299.8m, H1 2022: $339.8m)\n- EBITDA[5] up 17% to $174.1m, compared to H2 2022 (H2 2022: $148.5m, H1 2022: $305.3m)\n- EBITDA margin up 2% to 47% compared to H2 2022 (H2 2022: 46%, H1 2022: 60%)\n- Basic Earnings Per Share) EPS) up 19% to $1.61, compared to H2 2022 (H2 2022: $1.35, H1 2022: $2.46)\n\n\n\n\n\n\n\nH1 2023\n\n\nH2 2022\n\n\nChange %\n(H1 23 vs. H2 22)\n\n\nH1 2022\n\n\nChange %\n(H1 23 vs. H1 22)\n\n\n\n\nRevenue\n\n\n$368.5m\n\n\n$321.2m\n\n\n15%\n\n\n$511.4m\n\n\n(28%)\n\n\n\n\nEBITDA\n\n\n$174.1m\n\n\n$148.5m\n\n\n17%\n\n\n$305.3m\n\n\n(43%)\n\n\n\n\nEBITDA Margin %\n\n\n47%\n\n\n46%\n\n\n2%\n\n\n60%\n\n\n(22%)\n\n\n\n\nSignificant additional $120.0m shareholder returns announced today:\n- $60.0m dividend declared today ($0.7344 per share), comprising of an interim dividend of $33.7m ($0.4125 per share) and a special dividend of $26.3m ($0.3219 per share). Both dividends have an ex-dividend date of 24 Aug...