Plus500 today announced its trading update for the three months (Q1) ending 31 March 2025, showing solid growth in revenue, EBITDA, and customer engagement.

For Q1 2025, revenue increased by 13% quarter-on-quarter to $205.8 million, up from $182.8 million in Q4 2024. The revenue growth was driven primarily by a rise in trading income, which climbed to $191.7 million from $169.3 million in the previous quarter. Interest income also saw a slight increase, reaching $14.1 million, compared to $13.5 million in Q4 2024. However, year-on-year revenue showed a 5% decline, reflecting broader market conditions.

Customer income grew by 3% compared to Q4 2024, reaching $176.3 million. Additionally, the company’s customer trading performance turned positive, generating $15.4 million in Q1 2025, a significant improvement from a loss of $2.6 million in Q4 2024.

Plus500 Reports Strong Q1 2025 Results with 13% Revenue Growth

EBITDA saw a notable 23% increase, rising to $93.8 million with an improved EBITDA margin of 46%, compared to 42% in the previous quarter. The growth in earnings was by a disciplined approach to customer acquisition and retention, which contributed to higher average revenue per user (ARPU) and deposit levels.

Plus500’s customer base continued to grow, with 26,897 new customers onboarded in Q1 2025, slightly down from 36,329 in the previous quarter. Average deposit per active customer more than doubled, reaching $12,450, a 106% increase from Q4 2024.

The group maintained a robust financial position with cash balances exceeding $885 million as of 31 March 2025. The company remains debt-free and continues to benefit from operational efficiencies, leveraging sophisticated marketing and proprietary technologies.

Additionally, Plus500 expanded its market footprint by obtaining a regulatory license in the UAE and launching a multi-asset offering for the Japanese retail market. In Q1, the company also repurchased 1.5 million shares for a total of $52.3 million.

Looking ahead, Plus500’s Board of Directors expects FY 2025 results to exceed market expectations, citing favorable macroeconomic conditions and ongoing strategic initiatives.

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