Overview
- Plus500 on Monday reported first‑half revenue of about $462.9 million and EBITDA of $187.5 million, with customer income rising roughly 24% to about $461 million.
- The board announced $182.5 million of shareholder returns split into a $100 million buyback and $82.5 million of dividends, funded from an $861.3 million cash balance and no debt.
- Plus500 said its non‑OTC unit—futures, share dealing and newly launched prediction markets—grew about 30% to roughly $70 million and is on track for about $140 million of annualised revenue.
- Operating costs rose about 20% to $278.5 million because the group stepped up customer‑acquisition spending, absorbed U.S. scaling costs and faced currency effects from a stronger Israeli shekel; buybacks and a large treasury holding cut the weighted share count and lifted EPS.
- Management reiterated full‑year revenue and EBITDA guidance broadly in line with Bloomberg consensus and flagged B2B deals and further scaling of prediction markets as key growth drivers while noting execution, regulatory and competitive risks.