No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Online trading services provider Plus500 said on Monday that it has seen "accelerating positive momentum" and "material strategic progress" across the group in the six months ended 31 June.
Plus500 said H1 revenues were up 4% at $415.1m, while underlying earnings rose 1% to $185.1m, and EBITDA margins contracted from 46% to 45%.
The FTSE 250-listed group said it had successfully onboarded 56,165 new customers in H12, including 29,268 in Q225, and said active customers came to 179,931, up from 175,909 in H124. Customer deposits hit a record high of $3.1bn for the six-month period.
Looking forward, Plus500 said it remains confident in the outlook for the group in FY25 and beyond.
Chief executive David Zruia said: "Plus500 delivered further operational and financial progress in H1 2025. We expanded our global presence with new regulatory licences in Canada and the UAE, added to our growing list of clearing memberships with ICE Clear US and announced the exciting acquisition of Mehta Equities in India, which will provide us access to the largest retail futures market in the world.
"This progress is underpinned by our proprietary technology, which drives our global business model and supports our relentless focus on innovation and growth, enabling the group to deliver compounded returns through the cycle."
As of 0825 BST, Plus500 shares were up 1.10% at 3,310.0p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.