Trading platform Plus500 (LON:PLUS) raised shareholder returns by $182.5 million following a record H1 performance. Since IPO, the firm has returned over $3 billion to investors, while its market cap has risen from $200 million to $3.5 billion.
Record H1 revenue
For the six months to June, the company posted record revenue of $463 million, up 12% on H1 2025. Customer income increased 24%, marking a five-year high for any six-month period.
Trading income, the group’s primary revenue driver, increased 15% to $442 million. The OTC (over-the-counter) business expanded its geographic reach with new operations in Canada and Latin America, and launched all-day trading in stocks and ETFs.
In the non-OTC business, the firm launched a prediction markets offering, including sports contracts, as well as single-stock futures. ‘This progress continued our transformation from a single-product business to a diversified global multi-asset fintech group’, said CEO David Zruia.
The firm said H2 had started positively and it was confident in achieving its upgraded FY revenue and EBITDA targets. The latest Bloomberg consensus sees revenue rising 2.5% to $12 million and EBITDA rising 5% to $365 million.
Plus500 has been a superb long-term investment in total return terms. Since its IPO in 2013, the shares have risen more than 16-fold while shareholder returns are almost on a par with its market cap.
Today it announced it would return an additional $182.5 million to investors, ahead of analysts’ expectations. That comprises dividends of $82.5 million, or $1.20 per share against $1.05 in FY25, along with $100 million of buybacks.
To still be reporting record revenue in such a competitive market is testament to the company’s ability to attract and keep customers. Analysts at Cavendish point to the non-OTC business in particular where they say 30% revenue growth ‘bodes extremely well for the future’.
