Slide 1: Preliminary Results FY 2025
PRELIMINARY RESULTS FY 2025 Presented by: David Zruia, Chief Executive Officer Elad Even-Chen, Chief Financial Officer 9 February 2026 London Stock Exchange symbol: PLUS
Slide 2: Agenda
AGENDA OVERVIEW OPERATING TECHNOLOGY FINANCIAL SUMMARY REVIEW REVIEW & OUTLOOK
Slide 3: Overview
OVERVIEW a * Plus500 IT’S TRADING WITH A PLUS
Slide 4: FY 2025 Key Takeaways
FY 2025 KEY TAKEAWAYS DELIVERY OF STRATEGIC INITIATIVES ACCELERATED IN FY 2025, DRIVING GROWTH AND RETURNS Continued focus on Secured new Additional regulatory Substantial Extremely robust strategic objectives clearing memberships, licences secured shareholder returns financial position including gr
Slide 5: Established track record of shareholder returns
ESTABLISHED TRACK RECORD OF SHAREHOLDER RETURNS 13 YEARS OF GENERATING HIGHLY ATTRACTIVE RETURNS FOR SHAREHOLDERS $2.9BN 1 $365M >8,700% TSR Total shareholder returns since IPO in 2013 Announced shareholder Best performing share in the FTSE returns in FY 2025 All-Share Index on a total return basis2
Slide 6: Operational Drivers
OPERATIONAL DRIVERS OPERATIONAL STRENGTH DRIVING STRONG OUTCOMES KEY OPERATIONAL OPERATIONAL DRIVERS OUTPUTS $6.5bn 89% Customer deposits, with OTC2 revenue Major focus on product Continued investment average deposit per generated from mobile development in our people Active Customer1 of or tablet d
Slide 7: Strategic Roadmap
STRATEGIC ROADMAP KEY GROWTH OPPORTUNITIES OVER THE SHORT-TO MEDIUM-TERM Developing Expanding into Enhancing Offering Deepening Customer New Products New Markets Expanding Offering in Existing Markets Expanding Offering Engagement in Existing Markets in Existing Markets Supported by strategic organi
Slide 8: The Plus500 of Today
THE PLUS500 OF TODAY FROM A SINGLE PRODUCT TO A MARKET-LEADING, GLOBAL MULTI-ASSET FINTECH GROUP Global Multi-Asset Fintech Group OTC FUTURES SHARE DEALING Existing markets New markets B2C (Retail) B2B (Institutional) Existing markets New markets Seven asset classes Options Prediction Worldwide popu
Slide 9: Plus500 Acts as an Exchange
PLUS500 ACTS AS AN EXCHANGE PLUS500 HAS ESTABLISHED ITSELF AS A PROVIDER OF MARKET INFRASTRUCTURE OTC INNOVATIVE FUTURES & PROPRIETARY TECHNOLOGY SHARE DEALING CLEARING HOUSES Data, Routing and Order Execution +30 EXCHANGES OVER 30 EXCHANGES 9
Slide 10: Prediction Markets – A Compelling Growth Opportunity
PREDICTION MARKETS – A COMPELLING GROWTH OPPORTUNITY INNOVATIVE NEW FINANCIAL PRODUCT TRADE THE WORLD CFTC-REGULATED DESIGNED FOR INDIVIDUAL-FIRST IN REAL-TIME FRAMEWORK MOMENTUM TECHNOLOGY Live events transformed Innovative markets Rapid market creation Advanced systems into tradable outcomes deliv
Slide 11: Strategic Highlights
STRATEGIC HIGHLIGHTS SUBSTANTIAL STRATEGIC PROGRESS DELIVERED REFLECTS STRONG OPERATIONAL AND FINANCIAL FOUNDATIONS Strategic progress Significant partnerships Ongoing enhancement Launched prediction accelerated during announced in the US B2B of OTC offering with markets offering for B2C FY 2025 acr
Slide 12: Operating Review
0 OPERATING REVIEW ee - Plus500 11'S TRADING WITH A PLUS
Slide 13: Global Operations and Growth Drivers
GLOBAL OPERATIONS AND GROWTH DRIVERS PLUS500’S GLOBAL SCALE AND LOCAL OFFERINGS ARE ENABLED BY ITS TECHNOLOGY GLOBAL OPERATIONS GROWTH DRIVERS C. 33M >60 Registered customers Countries 17 >2,500 Best-in-class proprietary Broad portfolio of regulatory licences Balance sheet strength Regulatory licenc
Slide 14: KPIs by Region
KPIS BY REGION EXCELLENT PERFORMANCE ACROSS GEOGRAPHIES 12% 12% 7% 31% 242,440 41% 104,902 49% $792.4M 38% Active New Revenue Customers Customers1 UK 40% 8% EEA 49% Australia 7% 6% Rest of World Improved customer retention Multi-channel marketing Expanding into new markets and engagement supporting
Slide 15: Long-Term Customer Retention Improvements
LONG-TERM CUSTOMER RETENTION IMPROVEMENTS SIGNIFICANT INCREASE IN THE LONGEVITY OF PLUS500’S OTC CUSTOMER BASE 6% 4% 3% 14% 16% 10% Significant increase in 17% 24% longevity of Plus500’s 28% customer base over time 24% 66% 19% 79% 87% Long term 16% OTC customers trading with 47% customer relationshi
Slide 16: Strategic Growth Opportunity Through Phased Market Entry
STRATEGIC GROWTH OPPORTUNITY THROUGH PHASED MARKET ENTRY LEVERAGING B2B OPPORTUNITIES BETWEEN THE USA AND INDIA USA INDIA B2B B2B India is the world’s Acquisition of Mehta Establishes a strategic largest derivatives Equities provides foothold in a major market, underpinned an immediate, new geograph
Slide 17: Continued Growth of Non-OTC Business
CONTINUED GROWTH OF NON-OTC BUSINESS GROWTH IN CONTRIBUTION FROM THE NON-OTC BUSINESS IN FY 2025 Non-OTC OTC FY 2021 FY 2024 FY 2025 Non-OTC1 revenue record high in FY 2025 Revenue 1% 10% 14% of more than $100m New Customers 1% 15% 17% Total Significant increase in average deposits 1% 36% 67% deposi
Slide 18: The US Growth Opportunity
THE US GROWTH OPPORTUNITY STRONG PERFORMANCES ACROSS BOTH INSTITUTIONAL AND RETAIL BUSINESSES IN THE US FUTURES MARKET B2B B2C B2B (INSTITUTIONAL) OFFERING: B2C (RETAIL) OFFERING: Execution, Clearing & Order Routing Plus500 Futures Significant growth 'Plus500 Cosmos’, Secured new ‘Omni-set ‘Plus500
Slide 19: Prediction Markets Offering
PREDICTION MARKETS OFFERING SEAMLESS ACCESS TO KALSHI AND CME PREDICTION MARKETS, BACKED BY ADVANCED TECHNOLOGY AND INSTITUTIONAL EXPERTISE FULL CLEARING TECHNOLOGY OPERATIONAL B2B RETAIL EXPERTISE MEMBERSHIPS LEADERSHIP EXCELLENCE PARTNERSHIPS ADVANTAGE Full scale prediction Integrated trading Exch
Slide 20: Significant B2B Partnerships
SIGNIFICANT B2B PARTNERSHIPS CLEARING PARTNERSHIPS WITH BLUE CHIP THIRD PARTIES FINANCIAL STRENGTH With a strong regulatory track record TECHNOLOGY- ENABLED Approach to partnerships and opportunities INNOVATION Strategic transformation as a market infrastructure provider 20
Slide 21: Unleashing the Democratising Power of Prediction Markets
UNLEASHING THE DEMOCRATISING POWER OF PREDICTION MARKETS DRIVING RETAIL ADOPTION ENABLING BETTER LIQUIDITY AND TIGHTER SPREADS TECHNOLOGY-LED PERSONALISATION Proprietary platform enabling personalised, self-directed trading at scale EVENT IDENTIFICATION & MARKET LAUNCH Rapid creation and pricing of
Slide 22: Strong Foundations for Growth of Futures Business
STRONG FOUNDATIONS FOR GROWTH OF FUTURES BUSINESS WELL-POSITIONED FOR SUSTAINED VALUE CREATION LICENCES MEMBERSHIPS CAPITAL STAKEHOLDERS PLATFORMS Highly regulated Scarce assets Strong balance Strategic business Technology and sheet to support alliances and automation oriented significant volumes pa
Slide 23: Technology
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Slide 24: Proprietary Technology Is Our Key Enabler
PROPRIETARY TECHNOLOGY IS OUR KEY ENABLER ONGOING INVESTMENT IN OUR SAAS BASED TECHNOLOGY TO DRIVE FUTURE GROWTH Front-End Plus500’s CRM Marketing Technology, AI & Big Data Back-End Retention Technology System Architecture Fraud Detection Technologies Cashier Technology Risk Management Technology Pl
Slide 25: Seamless Customer Journey
SEAMLESS CUSTOMER JOURNEY IN-HOUSE, TAILORED TECHNOLOGICAL SOLUTIONS, EQUIVALENT TO MARKET-LEADING SAAS AND PLATFORM OFFERINGS Marketing technology On-boarding Payment processing Risk management MARKETING OPERATIONS PRODUCT Verification Customer support Trading solutions New product offerings 25
Slide 26: Diverse Product Offerings
DIVERSE PRODUCT OFFERINGS SEAMLESS AND UNIFIED CUSTOMER EXPERIENCE ACROSS PRODUCTS SUPPORTED BY PROPRIETARY TECHNOLOGIES UNIFIED UI/UX PLATFORMS ACROSS OPERATING SYSTEMS CRM, Marketing Machine, Retention Machine, Webtrader; iOS (Mobile & iPad); Android (Mobile & Tablets) Localisation, Education, Ris
Slide 27: Holistic Technological Solutions
HOLISTIC TECHNOLOGICAL SOLUTIONS A VARIETY OF TECHNOLOGICAL SOLUTIONS TO SUPPORT CUSTOMERS TRADING ON FUTURES, OPTIONS ON FUTURES AND PREDICTION MARKETS PRODUCTS ‘PLUS500 FUTURES’ PREDICTION MARKETS ‘T4-PRO’ ‘PLUS500 COSMOS’ Plus500 has succeeded in positioning itself as an established market infras
Slide 28: Multi-Asset Offering for Japanese Retail Customers
MULTI-ASSET OFFERING FOR JAPANESE RETAIL CUSTOMERS POWERED BY OUR PROPRIETARY, LOCALISED TECHNOLOGY ‘KNOCK-OUT’ FX INDEX COMMODITIES OPTIONS OFFERING OFFERING OFFERING OFFERING 28
Slide 29: Target Markets Driving Growth Over the Medium-Term
TARGET MARKETS DRIVING GROWTH OVER THE MEDIUM-TERM DRIVING GROWTH THROUGH LOCALISED OFFLINE MARKETING CAMPAIGNS SINGAPORE THE UAE JAPAN 29
Slide 30: Leading Mobile Offering Across Devices
LEADING MOBILE OFFERING ACROSS DEVICES AN INTUITIVE AND RELIABLE PRODUCT OFFERING WITH A MOBILE-FIRST APPROACH Plus500 continues to lead the way in mobile and tablet interface accessibility 89% of OTC revenue in FY 2025 generated through mobile and tablet offerings 85% of all customer OTC trades too
Slide 31: Financial Review
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Slide 32: FY 2025 - Financial and Customer KPIs
FY 2025 - FINANCIAL AND CUSTOMER KPIS GROWTH ACROSS KEY FINANCIAL AND CUSTOMER METRICS STRONG FINANCIAL CUSTOMER KPIs PERFORMANCE $792.4M $348.1M c.$26,900 $3,268 Revenue EBITDA1 Average deposit per ARPU2 FY24: $768.3m (3% growth) FY24: $342.3m (2% growth) Active Customer FY24: $3,023 (8% growth) FY
Slide 33: Financial Highlights
FINANCIAL HIGHLIGHTS STRONG FINANCIAL RESULTS DELIVERED IN FY 2025 H2 H1 REVENUE ($M) EBITDA ($M) EARNINGS PER SHARE (BASIC) ($) 900 400 5 768.3 792.4 340.5 342.3 348.1 726.2 $3.93 4 $3.57 300 $3.17 600 370.1 377.3 166.4 158.4 163.0 357.7 3 $1.88 $1.67 200 $1.56 2 300 415.1 100 183.9 185.1 368.5 398
Slide 34: Income Statement
INCOME STATEMENT KEY METRICS ($m) FY 2025 FY 2024 % change Revenue 792.4 768.3 3% Selling and marketing expenses 323.8 329.0 (2%) Administrative and general expenses 126.0 103.2 22% EBITDA 348.1 342.3 2% EBITDA margin 44% 45% (2%) Financial income (expenses), net (3.7) 1.1 (436%) Tax expenses 57.6 6
Slide 35: Cost Profile – Highly Disciplined Approach to Cost Management
COST PROFILE – HIGHLY DISCIPLINED APPROACH TO COST MANAGEMENT CONTROL OVER EXPENSES ENABLED BY PLUS500’S FLEXIBLE COST STRUCTURE Key Elements of cost base ($m) FY 2025 FY 2024 % change OUR COST BASE Advertising, technology and marketing investment 132.9 171.8 (23%) Payment processing costs 40.2 39.4
Slide 36: Balance Sheet
BALANCE SHEET EXTREMELY STRONG BALANCE SHEET POSITION MAINTAINED IN FY 2025 ($m) 31/12/25 31/12/24 % Change ($m) 31/12/25 31/12/24 % Change Cash and Cash Equivalents 801.6 890.0 (10%) Current Liabilities 349.7 327.4 7% Other Current Assets 58.9 30.2 95% Non-Current Liabilities 26.4 20.1 31% Total Cu
Slide 37: Cash Flow
CASH FLOW ATTRACTIVE CASH GENERATIVE BUSINESS MODEL ($m) OPERATING ACTIVITIES: FY 2025 FY 2024 % Change Cash generated from operations 266.2 321.9 (17%) Highly cash generative - Operating cash Interest received 62.8 56.7 11% conversion1 for FY 2025 was 76% Driven by strong EBITDA performance Income
Slide 38: Our Disciplined Approach to Capital Allocation
OUR DISCIPLINED APPROACH TO CAPITAL ALLOCATION SURPLUS CAPITAL OF UP TO $250M PROVIDES SIGNIFICANT OPTIONALITY REQUIRED REGULATORY CAPITAL CURRENT SURPLUS CAPITAL AND ADDITIONAL RISK MANAGEMENT CAPITAL c.$550M* UP TO c.$250M* of required capital – covering: to be invested in: Regulatory Working Risk
Slide 39: Our Approach to Shareholder Returns
OUR APPROACH TO SHAREHOLDER RETURNS ESTABLISHED TRACK RECORD OF ATTRACTIVE SHAREHOLDER RETURNS $2.9BN $365.0M $187.5M Shareholder returns since Total shareholder returns Shareholder returns IPO year FY 2013 to YTD 2026 announced during FY 2025 announced today (Feb 2026) $2.9bn* $365.0m $187.5m $1.7b
Slide 40: Summary & Outlook
» SUMMARY & OUTLOOK —— * Plus500 IT’S TRADING WITH A PLUS
Slide 41: A Long Track Record of Profitable Growth & Cash Generation
A LONG TRACK RECORD OF PROFITABLE GROWTH & CASH GENERATION STRONG OPERATIONAL AND FINANCIAL PERFORMANCE SINCE IPO IN 2013 STRONG BALANCE SHEET Since IPO year in 2013, GROWING TOPLINE Plus500 has generated Debt-free since inception 17% CAGR revenue growth $3.8bn 98% average annual operating between 2
Slide 42: Investment Case
INVESTMENT CASE 1 2 3 Established track record Focus on higher-value customers Diversification of products, of innovation and growth, markets and revenues underpinned by technology edge 4 5 6 Extremely robust Attractive shareholder returns Long-term planning underpins financial position including di
Slide 43: Outlook – Maximising the Attractive Growth Opportunities Ahead
OUTLOOK – MAXIMISING THE ATTRACTIVE GROWTH OPPORTUNITIES AHEAD STRATEGIC MOMENTUM BUILT SIGNIFICANTLY DURING FY 2025 LEAVING THE GROUP WELL POSITIONED IN FY 2026 AND BEYOND SHORT-TERM MEDIUM-TERM LONG-TERM FY 2025 VIEW VIEW VIEW Remained focused on FY 2026 started with Continued expansion Solid fina
Slide 44: Thank You Q&A
Q&A THANK YOU Investor Relations Contact: Owen Jones Head of Investor Relations owen.jones@plus500.com ir@plus500.com
Slide 45: Disclaimer
DISCLAIMER The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any The Company does not accept any responsibility for the accuracy or completeness of any information reported by offer to purchase or subscribe for, any shares or other
Slide 46: Appendix
APPENDIX S—————_— Plus500 1's TRADING WITH A PLUS
Slide 47: The Evolving Story of Our Futures Offering
THE EVOLVING STORY OF OUR FUTURES OFFERING SECURING CLEARING MEMBERSHIPS AND INDUSTRY RECOGNITION Expanding into the Indian market FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YTD 2026 47
Slide 48: Plus500's Portfolio of International Licences
PLUS500’S PORTFOLIO OF INTERNATIONAL LICENCES AN INCREASINGLY VALUABLE, GROWING ASSET AND SOURCE OF COMPETITIVE ADVANTAGE United Kingdom Australia South Africa New Zealand USA 2021 Japan 2022 Bahamas 2023 Canada 2025 India 2026 Up to FY 2020 Cyprus Singapore Israel Seychelles Estonia UAE DIFC UAE Ma