Plus500 made a commercial update in the first quarter on Monday, indicating that revenues decreased by 5 % year on an annual basis to $ 205.8 million, although 13 % increase from the previous quarter.
However, Fintech Global Global Group said it expected the results of the entire 2025 before the current market expectations.
EBITDA for this period amounted to 93.8 million dollars, a decrease of 9 % compared to the first quarter of 2024, but by 23 % of the previous quarter.
The profit margin before benefits, taxes, destruction and consumption reached 46 %. Customer income increased by 3 % quarter of a quarter to 176.3 million dollars.
Plus500 highlighted the continuous strategic progress, while growing in its future business in the United States and the conditional acquisition of the Indian financial services company Mehta Equits, with the aim of benefiting from the world’s largest trade market in the world.
Change revenues have grown about 18 % quarter of a quarter, which contributed about 12 % in total revenue.
The company’s cash balance remained strong with more than 885 million dollars as of March 31, 2025, after $ 52 million, which was spent on shares re -purchases during the quarter.
Despite a 16 % decrease in new customer numbers on an annual basis, the Plus500 scored 106 % in the average deposit for each active customer, reaching about $ 12,450. Customer deposits in this period amounted to about $ 1.6 billion, an increase of $ 0.8 billion in the fourth quarter of 2024.
CEO David Zoyoui said that the company started a “strong start for this year”, driven Modern economic and financial market conditions, among other factors.
The company concluded: “The Board of Directors expects that the results of the fiscal year will be 2025 before the current market expectations.”