Plus500 Reports Strong Financial Performance for FY 2024

Plus500 Reports Strong Financial Performance for FY 2024

Plus500 has issued its trading update for the financial year (FY) ended 31 December 2024, showcasing strong financial performance and significant strategic advancements.

The Group reported a revenue of approximately $768 million for FY 2024, generating an EBITDA of approximately $342 million. Plus500’s robust financial position remains debt-free, with cash balances totaling around $900 million as of 31 December 2024. These results highlight the Group’s continued success and operational strength.

One of the key drivers of Plus500’s growth in 2024 was the significant increase in new customer acquisitions, thanks to its sophisticated and proprietary marketing technologies. In Q4 alone, Plus500 added more than 36,000 new customers, representing a 45% increase compared to Q3 2024.

Plus500 Reports Strong Financial Performance for FY 2024

Looking ahead, Plus500 achieved a major milestone in January 2025 by securing a clearing membership with ICE Clear US, a leading global exchange renowned for its innovation and reliability. This membership allows Plus500 to expand its offering, providing additional products to customers while reducing third-party costs and delivering comprehensive solutions to institutional clients across multiple exchanges.

The Group also made strides in the UAE market, obtaining a new license from the Securities and Commodities Authority (SCA) in January 2025. This license will enable Plus500 to offer a wider range of products, including OTC, share dealing, futures, and options on futures, further enhancing its regional operations.

During FY 2024, Plus500 declared total shareholder returns of $360.5 million, underscoring its commitment to shareholder value. With a confident outlook for the year ahead, the Board expects the Group to continue its strong financial and strategic growth.

Plus500 will announce its Preliminary Results for FY 2024 on Tuesday, 18 February 2025.

With strong shareholder returns and an optimistic outlook for the year ahead, Plus500 is poised to continue its robust performance and deliver further value to its stakeholders. The upcoming Preliminary Results for FY 2024 will provide more insight into the Group’s continued success.

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