Plus500 Ltd. · LSE:PLUS
Plus500 — H1 2026 Earnings Presentation
45 slides from Plus500's earnings presentation, Aug 10, 2026
Slide 1: H1 2026 Interim Results
H1 2026 INTERIM RESULTS Presented by: David Zruia, Chief Executive Officer Elad Even-Chen, Chief Financial Officer 10 August 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: H1 2026 - Key Takeaways
H1 2026 - KEY TAKEAWAYS STRATEGIC EXECUTION DELIVERING RECORD RESULTS RECORD H1 US GROWTH PREDICTION SHAREHOLDER ROBUST RESULTS ENGINE MARKETS RETURNS POSITION Customer Income1 up Non-OTC2 revenue up Launch of new B2C Total shareholder Debt-free balance 24% to a five-year c.30% YoY, on track to offe
Slide 5: 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 YEAR IN 2013 STRONG EFFICIENCY STABILITY GROWTH BALANCE SHEET Lean operating model enabled by Proven and resilient Launch of new products and Over $860m of own cash technology and automa
Slide 6: The Plus500 of Today
THE PLUS500 OF TODAY FROM A SINGLE PRODUCT TO A MARKET-LEADING, GLOBAL MULTI-ASSET FINTECH GROUP OTC FUTURES SHARE DEALING Existing markets New markets Options Prediction Existing markets New markets Futures on Futures Markets Seven asset classes Popular stocks B2C (Retail) B2B (Institutional) Clear
Slide 7: Plus500's Innovative Technology Connects Global Markets
PLUS500'S INNOVATIVE TECHNOLOGY CONNECTS GLOBAL MARKETS PLUS500 HAS ESTABLISHED ITSELF AS A PROVIDER OF MARKET INFRASTRUCTURE INNOVATIVE FUTURES & OTC PROPRIETARY TECHNOLOGY SHARE DEALING Clearing Houses Exchanges +30 Exchanges Data, Routing and Order Execution Prediction Markets 7
Slide 8: A Unique Proposition with a Compounding Growth Engine
A UNIQUE PROPOSITION WITH A COMPOUNDING GROWTH ENGINE PLUS500 COVERS B2B, B2C AND B2B2C CHANNELS ACROSS FUTURES AND PREDICTION MARKETS CORE INFRASTRUCTURE PLATFORM OFFERINGS Proprietary ‘Plus500 technology Futures Platform’ FUTURES PREDICTION Clearing & MARKETS execution ‘T4-Pro’ Institutional ‘Plus
Slide 9: US Prediction Markets
US PREDICTION MARKETS UNIQUE POSITION IN HIGH GROWTH, ACCELERATING MARKETS THE OPPORTUNITY OUR POSITION TRADE THE WORLD IN REAL-TIME BLUE-CHIP PARTNERSHIPS Live events transformed into tradable outcomes The Group’s partnerships validate Plus500's position as B2B provider of choice CFTC-REGULATED FRA
Slide 10: Operating Review
> OPERATING REVIEW ee - Plus500 11'S TRADING WITH A PLUS
Slide 11: Operating Review - Introduction OTC Non-OTC
OPERATING REVIEW - INTRODUCTION TWO LINES OF BUSINESS - PROPRIETARY PLATFORMS - ACCELERATING TOGETHER OTC Resilience and Launch of 24/5 Global footprint Proprietary technology, Higher-value agile architecture, trading, capturing a growing with mobile-first platform: customers, delivered at scale shi
Slide 12: Global Operations and Growth Drivers
GLOBAL OPERATIONS AND GROWTH DRIVERS PLUS500’S GLOBAL SCALE AND LOCALISED OFFERINGS ARE ENABLED BY ITS TECHNOLOGY GLOBAL OPERATIONS GROWTH DRIVERS >34M >60 Best-in-class Enhanced Registered Countries proprietary localisation customers technology 17 >2,500 Regulatory Financial licences globally instr
Slide 13: H1 2026 KPIs by Region
H1 2026 KPIS BY REGION EXCELLENT PERFORMANCE ACROSS GEOGRAPHIES 12% 10% 17% 7% 12% INCREASE 14% INCREASE INCREASE YoY YoY YoY 36% 197,294 48% 65,723 50% $462.9M 35% Active New Revenue Customers1 Customers2 31% UK 44% EEA 8% Australia 8% 7% Rest of World Growing base of higher-value Strong New Custom
Slide 14: Long-Term Customer Retention Improvements
LONG-TERM CUSTOMER RETENTION IMPROVEMENTS SIGNIFICANT INCREASE IN THE LONGEVITY OF PLUS500’S OTC CUSTOMER BASE 4% 3% 3% 16% 10% 9% Significant increase in 17% 24% 29% longevity of Plus500’s customer base over time 19% 79% 87% 88% 29% Long term 16% OTC customers trading with 47% customer relationship
Slide 15: Record Five-Year High Customer Income in H1 2026
RECORD FIVE-YEAR HIGH CUSTOMER INCOME IN H1 2026 RECORD PERFORMANCE REFLECTS INCREASED CUSTOMER QUALITY AND LONGEVITY Record Customer Income $460.8m reflects compounding quality of Plus500's customer base 24% INCREASE Customer longevity CUSTOMER INCOME $371.5m Strong customer deposits $329.4m Growin
Slide 16: Rapid Business Expansion in the US
RAPID BUSINESS EXPANSION IN THE US US BUSINESS IS A HIGH-GROWTH ENGINE SCALING INTO A MEANINGFUL DRIVER FOR THE GROUP NON-OTC REVENUE THREE GROWTH DRIVERS ACROSS FUTURES & PREDICTION MARKET 1 2 3 c.$70m B2B B2C B2B2C Growing number Product innovation End-to-end c.$53m of partnerships and expansion i
Slide 17: US Growth Continued in H1 2026
US GROWTH CONTINUED IN H1 2026 STRONG PERFORMANCES ACROSS ALL CHANNELS IN THE US FUTURES MARKET FUTURES & PREDICTION MARKETS B2B B2C ‘PLUS500 OMNI-SET COSMOS’ SOLUTION CLEARING INFRASTRUCTURE The Group expects this business to contribute increasingly to value creation in the short-term and to drive
Slide 18: Uniquely Positioned - Infrastructure and Partnerships
UNIQUELY POSITIONED - INFRASTRUCTURE AND PARTNERSHIPS PARTNERSHIP GROWTH DRIVEN BY PROVEN AND ESTABLISHED CAPABILITIES FINANCIAL CLEARING STRENGTH INFRASTRUCTURE With a strong regulatory Multiple clearing memberships track record provide a competitive moat TECHNOLOGY- ACROSS THREE ENABLED CHANNELS A
Slide 19: Technology
a AY TECHNOLOGY ee * Plus500 IT’S TRADING WITH A PLUS
Slide 20: 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 21: Seamless Customer Journey
SEAMLESS CUSTOMER JOURNEY IN-HOUSE, TAILORED TECHNOLOGICAL SOLUTIONS, EQUIVALENT TO MARKET-LEADING SAAS AND PLATFORM OFFERINGS New Verification Customer Support Trading Solutions Product Offerings Marketing Technology On-boarding Payment Processing Risk Management MARKETING OPERATIONS PRODUCT 21
Slide 22: 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); Localisation, Education, Risk Management, Cashier Andro
Slide 23: 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 24: Product Innovation Enhances Customer Experience
PRODUCT INNOVATION ENHANCES CUSTOMER EXPERIENCE 24/5 TRADING SINGLE STOCK FUTURES ‘+AI BITES’ Providing access to leading Unlocking round-the-clock liquidity US stocks with enhanced flexibility Delivering real-time market insight across stocks and ETFs and capital efficiency across every asset class
Slide 25: Leading Mobile Offering Across Devices
LEADING MOBILE OFFERING ACROSS DEVICES AN INTUITIVE AND RELIABLE PRODUCT OFFERING WITH A MOBILE-FIRST APPROACH 90% of revenue in H1 2026 87% of all customer trades took generated through mobile place on mobile or tablet and tablet offerings devices Plus500 continues to lead the way in mobile and tab
Slide 26: Financial Review
nt FINANCIAL REVIEW er - Plus500 11'S TRADING WITH A PLUS
Slide 27: H1 2026 - Financial and Customer KPIs
H1 2026 - FINANCIAL AND CUSTOMER KPIS GROWTH ACROSS KEY FINANCIAL AND CUSTOMER METRICS STRONG FINANCIAL CUSTOMER PERFORMANCE KPIs $462.9M $187.5M 65,723 $2,346 Revenue EBITDA1 New Customers ARPU2 H125: $415.1m (12% growth) H125: $185.1m (1% growth) H125: 56,165 (17% growth) H125: $2,307 (2% growth)
Slide 28: Financial Highlights
FINANCIAL HIGHLIGHTS STRONG FINANCIAL RESULTS DELIVERED IN H1 2026 H1 H2 REVENUE ($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 $3.17 600 370.1 377.3 166.4 158.4 163.0 357.7 462.9 3 $1.88 187.5 $1.67 $2.17 200 $1.56 2 300 415.1 462.9 1
Slide 29: Income Statement
INCOME STATEMENT KEY METRICS ($m) H1 2026 H1 2025 % change H2 2025 % change Revenue 462.9 415.1 12% 377.3 23% Selling and marketing expenses 201.8 168.8 20% 155.0 30% Administrative and general expenses 76.7 63.9 20% 62.1 24% EBITDA 187.5 185.1 1% 163.0 15% EBITDA margin 41% 45% (9%) 43% (5%) Financ
Slide 30: Cost Profile – Investing to Drive Growth and Innovation
COST PROFILE – INVESTING TO DRIVE GROWTH AND INNOVATION CONTROL OVER EXPENSES ENABLED BY PLUS500’S FLEXIBLE COST STRUCTURE Key Elements of cost base ($m) H1 2026 H1 2025 % change H2 2025 % change OUR COST BASE Advertising, technology and marketing investment 80.9 69.5 16% 63.4 28% Fixed Variable* Pa
Slide 31: Balance Sheet
BALANCE SHEET EXTREMELY STRONG BALANCE SHEET POSITION MAINTAINED IN H1 2026 ($m) 30/06/26 31/12/25 % Change ($m) 30/06/26 31/12/25 % Change Cash and Cash Equivalents 861.3 801.6 7% Current Liabilities 407.8 349.7 17% Other Current Assets 65.1 58.9 11% Non-Current Liabilities 32.0 26.4 21% Total Curr
Slide 32: Cash Flow
CASH FLOW ATTRACTIVE CASH GENERATIVE BUSINESS MODEL ($m) OPERATING ACTIVITIES: H1 2026 H1 2025 % Change Cash generated from operations 184.7 129.2 43% Highly cash generative - Operating cash Interest received 21.1 29.6 (29%) conversion1 for H1 2026 was 99% Driven by strong EBITDA performance Income
Slide 33: Our Disciplined Approach to Capital Allocation
OUR DISCIPLINED APPROACH TO CAPITAL ALLOCATION SURPLUS CAPITAL OF UP TO $310M PROVIDES SIGNIFICANT OPTIONALITY REQUIRED REGULATORY CAPITAL & CURRENT SURPLUS CAPITAL ADDITIONAL RISK MANAGEMENT CAPITAL c.$550M* of required capital – covering: Up to c.$310M* to be invested in: Regulatory Working Risk C
Slide 34: Our Approach to Shareholder Returns
OUR APPROACH TO SHAREHOLDER RETURNS ESTABLISHED TRACK RECORD OF ATTRACTIVE, COMPOUNDING SHAREHOLDER RETURNS Total of $370.0m shareholder returns announced during YTD 2026, PLUS500 equating to an 8% yield1 POSITIONING: SINCE IPO YEAR: $3.1BN ANNOUNCED TODAY: $182.5M Shareholder returns since IPO year
Slide 35: Summary & Outlook
» SUMMARY & OUTLOOK —— * Plus500 IT’S TRADING WITH A PLUS
Slide 36: Five Growth Engines - Compounding Together
FIVE GROWTH ENGINES - COMPOUNDING TOGETHER DIVERSIFIED DRIVERS OF SUSTAINABLE LONG-TERM GROWTH, DELIVERING VALUE CREATION GEOGRAPHIC CUSTOMER QUALITY FUTURES PREDICTION PROPRIETARY EXPANSION & RETENTION MARKETS TECHNOLOGY New markets OTC engine Scaling fast New vertical Efficiency 17 50% c.30% ‘Omni
Slide 37: Significant Addressable Market Opportunity for Plus500
SIGNIFICANT ADDRESSABLE MARKET OPPORTUNITY FOR PLUS500 PLUS500 OPERATES WITH A TECHNOLOGIC ADVANTAGE IN LARGE, GROWING MARKETS SIGNIFICANT GLOBAL REVENUE OPPORTUNITY: ~$11BN ~$5BN+ ~$10BN+ OTC Trading revenue 2026E1 Exchange-Traded Futures Prediction Markets By 20303 Growing at ~8% CAGR2 1. Source:
Slide 38: Plus500 Investment Case
PLUS500 INVESTMENT CASE A GLOBAL FINTECH GROUP DIVERSIFYING OPERATIONS THROUGH PROPRIETARY TECHNOLOGY 1 2 3 4 5 6 Established Focus on higher- Diversification Extremely robust Attractive Long-term track record value customers of products, financial position shareholder planning of innovation and dee
Slide 39: Outlook – Maximising Attractive Growth Opportunities Ahead
OUTLOOK – MAXIMISING ATTRACTIVE GROWTH OPPORTUNITIES AHEAD STRATEGIC MOMENTUM CONTINUED INTO H2 2026, LEAVING THE GROUP WELL POSITIONED IN FY 2026 AND BEYOND SHORT-TERM MEDIUM-TERM LONG-TERM FY 2026 VIEW VIEW VIEW Accelerating across all H2 2026 has started Continued expansion Solid financial and fr
Slide 40: 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 41: 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 42: Appendix
APPENDIX S—————_— Plus500 1's TRADING WITH A PLUS
Slide 43: 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 43
Slide 44: 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 45: 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