Plus500 Ltd (LSE:PLUS) said it expects full-year results to be ahead of current market expectations after making what it called "an excellent start to the year", though profits were down year-on-year.
It grew revenue 13% to $205.8 million in the first quarter of 2025, though this was down 5% on a year ago, with EBITDA rising 23% to $93.8 million quarter on quarter, but down 9% year on year.
The non-OTC business, namely its newer futures and share dealing units, contributed about 12% of total revenue compared to 10% last year
Customer segregated funds in the US futures business grew around 80% to $630 million.
CEO David Zruia hailed "strategic progress across several important pillars of growth", including the futures business expanding via the recent acquisition of Mehta Equities in India, "which will enable us to deliver valuable synergies with our US futures business as we continue to establish our global futures offering".