Plus500 Sees 16% Drop in New Customers as Revenue and EBITDA Decline Year-Over-Year in Q1 2025

Plus500 reported a 13% quarter-over-quarter
revenue increase in Q1 2025, prompting the company to raise its full-year
outlook above current market expectation.

However, compared
to the same period a year earlier, revenue was down by 5%. The pace of
acquiring new customers and the number of active traders also declined.

The publicly
listed fintech (LSE: PLUS) generated $205.8 million in revenue for the quarter
ended March 31, up from $182.8 million in Q4 2024, though down 5% from the
$215.6 million reported in the same period last year. EBITDA rose 23% from the
previous quarter to $93.8 million, representing a 46% margin.

“Plus500
has made a strong start to the year achieving strategic progress across several
important pillars of growth,” said David Zruia, Chief Executive Officer.
“With the excellent start we have made in 2025, the Board anticipates that
the FY 2025 results will be ahead of current market expectations.”

The company
reported particularly strong momentum in its diversification efforts, with
non-OTC business contributing approximately 12% of total revenue in Q1, up from
10% for full-year 2024. Management expects annualized revenue from non-OTC
operations to reach approximately $100 million in fiscal 2025.

Table
1: Plus500 Key Financial Metrics (Q1 2025 vs Prior Periods)

Plus500’s
US futures business also saw substantial growth, with customer segregated funds
reaching approximately $630 million as of March 31, representing an 80%
increase since December 31, 2024.

Mehta Equities in India

The company
recently announced the conditional acquisition
Acquisition

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of Mehta Equities in India,
marking its entry into what it describes as “the largest retail futures
trading market globally.” According to Plus500, India’s futures market saw
over 150 billion contracts traded in 2024, representing more than 75% of global
transaction volumes.