Plus500 Ltd shares leapt 6.3% to a new all-time high above 4,800p after the trading platform operator reported higher earnings for 2025 and raised its outlook for 2026.
The FTSE 250 group said revenue rose 3% to $792.4 million last year, while underlying earnings (EBITDA) increased 2% to $348.1 million.
A key feature of the year was growth outside its traditional over-the-counter trading business. Non-OTC activities generated more than $100 million of revenue for the first time. Customer funds held in this part of the business rose 160% to more than $0.9 billion.
Ending the year with around $0.8 billion of cash and no debt, the group announced shareholder returns of $187.5 million, made up of $87.5 million of dividends and $100 million of share buybacks.
The acquisition of Mehta Equities in India was completed this month, expanding its futures offering and geographical footprint.
Boosted by this deal, as well as recent moves into prediction markets as clearing provider for CME as well as its own direct-to-consumer offering, the group said trading in the 2026 financial year had started well and the board expects performance to be ahead of market expectations.
Chief executive David Zruia said: “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.
“Reflecting this, we have started FY 2026 with the group's trading being supported by positive momentum across global financial markets, as well as with strong operational results including launching prediction markets products for B2C customers and completing the acquisition of Mehta Equities in India."
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