Plus500 Ltd (DI) (PLUS)

Down
Share Price:
3,788.00p
Market Cap:
£2,598.69m
Change Today:
-16.00p
Sector:
Financials

Plus500 slips in early trade as costs and FX headwinds offset record H1

By Iain Gilbert

Date: Monday 13 Jul 2026

LONDON (ShareCast) - (Sharecast News) - Fintech group Plus500 slipped in early trade on Monday despite the group posting record first‑half revenues and customer income, with limited profit growth, heavier acquisition spending and FX headwinds weighing on margins.
Revenues rose 12% to $462.9m, a three‑year high, supported by broad‑based strength across business lines and heightened market volatility, which Plus500 said its proprietary trading platforms were well positioned to capture, while EBITDA ticked up just 1% to $187.5m, leading to a margin of 41%. On a constant‑currency basis, however, underlying performance was stronger, with reported results affected by FX‑related cost headwinds.

Plus500 said non‑OTC revenue accounted for around 15% of group revenues, or roughly $70m, up about 30% year‑on‑year, with accelerating momentum in the US. Active customers rose 10% to 197,294, while the firm's balance sheet remained debt‑free with more than $850m in cash at period end.

Customer income hit a five‑year high of $460.8m, up 24% on H125, reflecting stronger momentum across the business and what it described as the growing value and longevity of its customer base.

The FTSE 250-listed firm said it had deliberately increased investment in customer acquisition during the period, driving a 17% rise in new customers to 65,723, alongside initiatives aimed at attracting higher‑value users and expanding its US operations.

Looking ahead, Plus500 said it had entered the second half with strong operational momentum and a broader strategic roadmap across both OTC and non‑OTC businesses, and the group's board said it remained confident in its outlook and continued to expect FY26 revenues and EBITDA to be in line with current market expectations.

As of 0830 BST, Plus500 shares were down 8.59% at 4,514p.







Reporting by Iain Gilbert at Sharecast.com

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PLUS Market Data

Currency UK Pounds
Price 3,788.00p
Change Today -16.00p
52 Week High 5,070.00p
52 Week Low 2,942.00p
Volume 2,744
Shares Issued 68.60m
Market Cap £2,598.69m

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