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Plus500 Ltd on Monday said it expects full-year results in line with market expectations as it hailed ‘great progress’ in the first half of 2025. Haifa, Israel-based trading platform provider said pretax profit in the first six months of 2025 faded 1.0% to $181.8 million from $183.7 million a year prior. Revenue, however, climbed 4.2% to $415.1 million from $398.2 million. Selling and marketing expenses rose 2.8% to $168.8 million, administrative and general expenses rose 19% to $63.9 million, and financial expenses more than doubled to $5.5 million from $2.0 million. Chief Executive Officer David Zruia said: ‘In the first half of the year, the strength of Plus500’s globally diversified multi-asset offering was again evidenced by our accelerated operational, financial and strategic results. We delivered great progress during H1 2025 in further diversifying our business and strengthening our operating model.’ He added: ‘Our global portfolio of regulatory licences further increased with new licences in Canada and the UAE, as well as a new clearing membership with ICE Clear US. We strengthened our successful business-to-business and business-to-customer futures offering, continued to build out our innovative product suite with new offerings in Japan and announced the conditional acquisition of Mehta Equities in India, to further expand our geographic reach.’ Plus500 declared a $0.4925 per share interim dividend, up 5.1% on-year from $0.4686. In addition, it announced a special dividend of $0.5628, up 5.9% from $0.5314. In addition, it announced a $90.0 million share buyback, meaning total shareholder returns unveiled on Monday amount to $165.0 million. ‘The $90.0 million share buyback programme includes an interim buyback programme of $35.0 million and a special buyback programme of $55.0 million. These programmes will commence following the completion of the current share buyback programme of $110.0 million, which was announced and commenced on 18 February 2025,’ Plus500 said. Looking ahead, it expects revenue and earnings before interest, tax, depreciation and amortisation in line with market expectations of $746.2 million and $345.2 million for 2025. Revenue in 2024 totalled $768.3 million, and its Ebitda amounted to $342.3 million. In the first half of 2025, Ebitda edged up 0.7% to $185.1 million. Plus500 shares fell 4.7% to 3,262.00 pence each on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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