Plus500 Shares Rally as FY 2026 Performance to Be Above Market Expectations

Shares of Plus500 (LON: PLUS) jumped over 4% at the open on Monday after the company announced preliminary results for the year ended December 31, 2025, and projected that its financial year 2026 performance would surpass current market expectations.

The fintech group, known for its technology-based trading platforms, also unveiled significant shareholder returns of $187.5 million.

The company's revenue increased to $792.4 million, a 3% rise compared to $768.3 million in the previous year. EBITDA also saw a modest increase of 2%, reaching $348.1 million. Basic Earnings Per Share (EPS) experienced a more substantial jump of 10%, climbing to $3.93.

Plus500's robust financial health is underscored by its substantial cash reserves of approximately $0.8 billion as of December 31, 2025, maintaining a debt-free balance sheet. This financial strength enables the company to pursue both growth initiatives and shareholder returns.

The announced $187.5 million in shareholder returns includes $87.5 million in dividends and $100 million in share buybacks, further solidifying Plus500's commitment to returning capital to its investors.

A key highlight from the report is the accelerated strategic execution and diversification across the Group. Plus500 successfully completed its acquisition of Mehta Equities Limited in India, expanding its geographic reach and enhancing its global B2B and B2C futures offering. This acquisition demonstrates Plus500's commitment to expanding its global footprint and diversifying its service offerings.

The non-OTC business generated record revenue of over $100 million in FY 2025, marking a significant milestone. Customer segregated funds in the non-OTC business increased by 160% year-on-year, exceeding $0.9 billion as of the end of 2025. This growth showcases the increasing trust and engagement from both B2B and B2C customers.

Plus500 is strategically positioning itself in the prediction markets space, demonstrated by its appointment as clearing partner for CME Group and FanDuel's new event-based contracts platform. The Group also expanded its B2C offering in the US through the launch of Kalshi exchange event-based contracts.

The company's OTC business also experienced structural growth, supported by new licenses in Canada and the UAE, as well as expansion into Latin America with a representative office in Colombia. A new commodities license obtained in Japan further expands the Group's localized, multi-asset OTC offering.

The company demonstrated an increased focus on higher value customers, indicated by the average deposit per Active Customer increasing by 124% to approximately $26,900. ARPU (Average Revenue Per User) also increased by 8% year-on-year to $3,268.

Driver Breakdown:

• Non-OTC Growth: Revenue exceeding $100m signifies a major shift in diversification.
• Strategic Acquisitions: Mehta Equities acquisition expands geographic reach and B2B/B2C futures offerings.
• High-Value Customers: Average deposit per active customer jumps 124%, increasing revenue quality.

CEO David Zruia commented, “2025 marked a year of accelerated strategic progress for Plus500…we are well positioned to continue delivering strong operational execution, innovation, growth and attractive compounding shareholder returns over the medium- to long-term.”, reinforcing the company’s commitment to long-term growth and shareholder value.