Business
Year End Trading Update
Plus500 Limited reported strong financial results for FY 2025, with revenue of approximately $792 million and EBITDA of approximately $348 million, both exceeding market expectations. The company maintained a robust, debt-free financial position with cash balances of $0.8 billion as of December 31, 2025, after distributing $380 million to shareholders. Customer longevity improved, with approximately 50% of OTC revenue generated by customers trading for over five years, and the average user acquisition cost declined by over 10%. Strategic growth was bolstered by two significant B2B partnerships in the US futures space, including a clearing partnership with CME Group and FanDuel, and an exclusive provider role for Topstep Brokerage. Plus500 also expanded its global reach by securing new regulatory licenses in the UAE and Canada, and establishing a representative office in Colombia. Total shareholder returns for FY 2025 amounted to $365 million, including $200 million in share buybacks. Disclaimer*
About this update from Plus500 Ltd.
[{"type":"text","content":"\n\n12 January 2026\nPlus500 Ltd.\n(\"Plus500\", the \"Company\" or, together with its subsidiaries, the \"Group\")\nFY 2025 Year End Trading Update\nRevenue and EBITDA ahead of market expectations\nTwo exciting B2B partnerships announced in the US futures space\nDelivery of strategic initiatives accelerated during FY 2025, driving growth and returns\nPlus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today issues the following trading update for the financial year ended 31 December 2025.\nStrong financial results for FY 2025 highlight the Group's high-quality earnings model and differentiated proposition \nThe Group delivered extremely strong financial results for FY 2025, with Revenue[1] of approximately $792m and EBITDA[2] of approximately $348m, both of which are ahead of market expectations[3]. On a constant currency basis, the EBITDA outcome for FY 2025 is approximately 8% higher than the EBITDA in FY 2024. The Group's financial position remained robust, and debt-free, with cash balances of approximately $0.8bn as of 31 December 2025, following the distribution of approximately $380m to shareholders during the year.\nImproving customer longevity driven by retention initiatives and deeper engagement\nThe Group continued to focus on long term, higher value customers in 2025 and onboarded approximately 104,500 New Customers[4] (FY 2024: 118,010) with a positive year-on-year improvement in AUAC[5], declining by more than 10%. This demonstrates the Group's ability to optimise its average customer acquisition cost via its sophisticated, multi-channel marketing machine technology.\nActive Customers[6] also remained steady at approximately 242,000 (FY 2024: 254,138) and notably approximately 50% of OTC revenue in FY 2025 was generated by customers trading with Plus500 for more than five years. This is double the equivalent percentage three years ago (FY 2022: 24%) and reflects the enduring power of the Group's proposition, leaving it uniquely positioned to drive high-quality earnings growth.\nMajor strategic partnerships in the US futures business\nPlus500 reinforced its position as a trusted, scaled and agile provider of global market infrastructure with two prestigious B2B partnerships in the US futures and prediction market spaces.\nPlus500 was appointed as the clearing pa...