Plus500 Ltd has reported its preliminary unaudited results for the year that ended on 31 December 2024 (FY 2024), demonstrating solid performance despite a challenging final quarter.

Group revenue increased by 6% year-on-year to $768.3 million, with trading income rising to $711.6 million (FY 2023: $674.3 million) and interest income reaching $56.7 million (FY 2023: $51.9 million). For Q4 2024, the total revenue was $182.8 million, slightly down from $189.6 million in Q4 2023.

The company’s EBITDA for FY 2024 stood at $342.3 million, reflecting an EBITDA margin of 45%, slightly lower than the 47% recorded in FY 2023. In Q4 2024, EBITDA was $76.2 million, with a margin of 42%, compared to $86.1 million and 45% for the same quarter in 2023.

Plus500 Delivers Steady Results in FY 2024, Additional Dividends

Customer income saw notable growth, reaching $667.6 million for the full year, up from $600.1 million in FY 2023, while customer trading performance declined to $44.0 million from $74.2 million in FY 2023. The company anticipates that the contribution from customer trading performance will stabilize in the long term.

Net profit for FY 2024 was $273.1 million, compared to $271.4 million in FY 2023, with basic earnings per share increasing to $3.57 from $3.17 in the prior year.

The Group’s financial expenses showed a net income of $1.1 million, primarily due to foreign exchange gains and losses, as Plus500 continues to manage its exposure to a range of operating currencies. The company’s total assets as of 31 December 2024 stood at $991.8 million, with equity of $644.3 million.

In a positive move for shareholders, Plus500 announced additional returns of $200.0 million, which includes $110.0 million in share buybacks and a dividend of $90.0 million, equating to $1.223 per share. Plus500 continues to maintain a debt-free status and a healthy cash position, with $890.0 million in cash and cash equivalents as of year-end.

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