Business
Plus500 H1 2024 Interim Results
Plus500 H1 2024 Interim Results.
About this update from Plus500 Ltd.
[{"type":"text","content":"\n\n19 August 2024\nPlus500 Ltd.\n(\"Plus500\", the \"Company\" and, together with its subsidiaries, the \"Group\")\nInterim results for the six-month period ended 30 June 2024\nFY 2024 results expected to be ahead of current market expectations[1]\nSignificant additional shareholder returns of $185.5m announced today\nStrong financial and operational results for H1 2024\nPlus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces its interim results for the six-month period ended 30 June 2024[2].\nDavid Zruia, Chief Executive Officer of Plus500, commented:\n\"Plus500 has delivered strategic, operational and financial progress during H1 2024 and I am proud of what we have achieved. We continue to be guided by our strategic ambitions - to expand into new markets, develop new products and deepen engagement with our customers.\nWe delivered growth in revenue and EBITDA, continued to expand our geographic footprint, developed innovative new products and, as a result, saw an increase in new and active customer numbers year-on-year. Plus500 remains strategically well positioned to capitalise on both short-term market conditions and the medium-term growth trends in our end markets. The proprietary nature of our technology is what differentiates Plus500, creating an exceptional experience for our customers.\nThanks to our strong fundamentals and highly robust financial position, we are delighted to announce today significant additional shareholder returns of $185.5m and we expect FY 2024 results to be ahead of current market expectations.\"\nKey highlights:\n- Excellent H1 2024 performance with continued financial, operational and strategic progress\n- Growth delivered across major financial and operational metrics including revenue, EBITDA[3], Basic Earnings Per Share (\"EPS\") and customer activity\n- Strong financial position with Group's own cash balances exceeding $1bn for the first time \n- Significant additional shareholder returns of $185.5m announced today, comprising share buybacks of $110.0m and total dividends of $75.5m\n- Continued excellent progress in the strategically important US market, with both the B2B (Institutional) and B2C (Retail) businesses performing strongly\n-&n...