Plus500 to beat estimates after strong Q1

(Sharecast News) - Fintech group Plus500 has said it expects 2025 results to be ahead of current market forecasts after an "excellent" start to the year, driven by recent macroeconomic and financial market conditions. The company, which operates proprietary tech-based trading platforms, reported revenues of $205.8m over the first three months of the year, up 13% on the fourth quarter but 5% behind last year.

EBITDA rose 23% over the three-month period to $93.8m as the EBITDA margin improved to 46% from 42% in the fourth quarter. Compared with last year, when margins were 48%, EBITDA fell 9% year-on-year.

New and active customer numbers fell 26% and 4% compared with the fourth quarter, respectively, though average revenue per user jumped 18% due to the company's focus on attracting and retaining higher value customers, it said.

During the quarter, Plus500 made a number of significant moves to drive International expansion, including: obtaining a new regulatory licence in the United Arab Emirates, launching in the Japanese retail market, and agreeing to buy Indian financial services company Mehta.

"With the excellent start we have made in 2025, the board anticipates that the FY 2025 results will be ahead of current market expectations," said chief executive David Zruia.

According to consensus estimates, analysts expect full-year revenues and EBITDA to be $719m and $331m, down from $768m and $342m in 2024.