Plus500 Ltd (LSE:PLUS) delivered a bullish half-year update on Monday, with improvements in revenues and profits in the second quarter and a bulging balance sheet.
The online trading group reported a 4% year-on-year increase in revenue to $415.10 million for the first six months of 2025, turning around a 5% deficit from the first quarter.
Likewise, EBITDA rose 1% to $185.1 million, after having fallen 9% in the first quarter.
Customer deposits hit a record $3.1 billion for the half-year period, doubled year on year, while active customers totalled 179,931, as over 56,000 new customers were brought on board.
This followed the company expanding its futures business, with non-OTC revenue contributing around 13% of total revenue, as Plus500 gained a new clearing membership with ICE Clear in the US and announced the conditional acquisition of Mehta Equities in India, pending regulatory approvals. New regulatory licences were also secured in Canada and the UAE.
After returning around $200 million to shareholders through dividends and share buybacks in the period, with a cash balance standing at over $925 million at the end of the period, the company promised that new dividends and share buybacks will be announced with its interim results on 11 August