just now
Global multi-asset fintech group operating proprietary technology-based trading platforms Plus500 has published its preliminary unaudited results for FY 2025, highlighting record non-OTC revenues above $100m, the completion of its Mehta Equities acquisition in India, and $187.5m of shareholder returns announced today (dividends plus buybacks).
The Group reported revenue of $792.4m (+3% YoY) and EBITDA of $348.1m (+2%), with basic EPS rising 10% to $3.93. Plus500 also ended the year debt-free with cash and cash equivalents of $801.6m (31 December 2025).
Key highlights
Non-OTC milestone: futures and share dealing generated >$100m revenue for the first time (around 14% of Group revenue), with customer segregated funds up 160% YoY to $918.2m.
India expansion completed: Plus500 confirmed it completed the acquisition of Mehta Equities in February 2026 for ~$20m, funded from existing cash.
Shareholder returns: $187.5m announced today — $87.5m dividends and $100m buybacks.
Prediction markets momentum: Plus500 pointed to US progress including Kalshi event-based contracts access for B2C customers and its role as a clearing partner for FanDuel Prediction Markets (CME Group/FanDuel JV).
Higher-value customer mix: average deposit per active customer rose to ~$26,900 (FY 2024: ~ $12,000), while ARPU increased 8% to $3,268.
“2025 marked a year of accelerated strategic progress for Plus500… we successfully scaled our non-OTC business into a key growth driver… and continued to deliver a strong financial performance with significant shareholder returns.”
— David Zruia, Chief Executive Officer
Financial performance snapshot (FY 2025 vs FY 2024)
Revenue: $792.4m vs $768.3m (+3%)
EBITDA: $348.1m vs $342.3m (+2%)
Operating profit: $342.6m vs $336.1m
Net profit: $281.3m vs $273.1m
Cash & cash equivalents: $801.6m vs $890.0m (year-end)
Operational KPIs: fewer customers, higher value
While Active Customers fell 5% to 242,440 and New Customers dropped 11% to 104,902, Plus500 emphasised improving customer quality:
Average deposit per Active Customer: ~$26,900 (+124%)
ARPU: $3,268 (+8%)
AUAC: $1,267 (-13%)
Plus500 said around 50% of OTC revenue came from customers trading with the Group for more than five years, supporting what it described as improved longevity and earnings durability.
Shareholder returns: dividends and buybacks
The Board approved $87.5m of dividends (final + special) and $100m of share repurchases (final + special). The dividends have an ex-dividend date of 19 February 2026, record date of 20 February 2026, and payment date of 9 July 2026.
Outlook
Plus500 said FY 2026 has started with “positive momentum” and reiterated that the Board expects FY 2026 performance to be ahead of current market expectations, underpinned by a diversified model, expanding non-OTC contribution, institutional infrastructure positioning, and a growing regulatory footprint.
