Trading platform tech group Plus500 Ltd (DI) said on Monday that it beat analysts' expectations with its 2025 results, as it painted a confident outlook for the coming year.
In a pre-close trading update, Plus500 reported full-year revenues of $792m, up from $768m in 2024, while EBITDA increased to $348m from $342m.
The company also ended the year debt-free, with cash balances of $800m following $380m of shareholder returns during the year.
According to Bloomberg consensus estimates, analysts had been expecting revenues and EBITDA of $757.7m and $345.8m for 2025, respectively.
Results were supported by improved "customer longevity", Plus500 said, helped by retention initiatives and deeper engagement with customers.
New customer numbers fell to 104,500 from 118,010 in 2024, though the company said it had focused on onboarding "long-term, higher value customers" in 2025. Active customers also fell slightly to 242,000 from 254,138.
2025 highlights included two major strategic partnerships in the US futures business: being appointed as the clearing partner for the CME Group's prediction market and event-based contracts platform, launched in partnership with FanDuel; and being appointed as the exclusive provider of clearing and technology infrastructure for Topstep Brokerage.
Meanwhile, Plus500's OTC business expanded into new markets, securing new regulatory licences in the UAE and Canada, as well as receiving authorisation from Colombian authorities to establish a new representative office in the country.
Looking ahead, the company said its addressable markets are expanding and presenting "compelling growth opportunities" across both its OTC and non-OTC products.
"The company's board of directors remains confident in the outlook for Plus500 in 2026 and beyond, and expects the group to continue making strong financial and strategic progress alongside delivering further shareholder returns," Plus500 said.
Shares were up around 3% in early deals on Monday at 3,722p.