Plus500 (PLUS) H1 2026 TU earnings summary

Executive summary

• Achieved record H1 2026 performance with Customer Income up 24% YoY to $460.8m and Revenue up 12% YoY to $462.9m, marking the highest levels in five and three years, respectively.

• Launched B2C prediction markets and CFTC-regulated sports event-based contracts in the US, expanding addressable market and product breadth.

• Expanded OTC business into Canada and Japan, and introduced 24/5 trading on stocks and ETFs, supporting global customer access.

Financial highlights

• Revenue for H1 2026 was $462.9m, up 12% YoY; EBITDA rose 1% YoY to $187.5m, with a 41% EBITDA margin.

• Customer Income reached $460.8m, a 24% YoY increase; ARPU was $2,346.

• New Customers increased 17% YoY to 65,723; Active Customers rose 10% YoY to 197,294.

• Non-OTC business contributed about 15% of total revenue, growing 30% YoY to approximately $70m.

• Balance sheet remained debt-free with cash balances over $850m as of 30 June 2026.

Outlook and guidance

• FY 2026 revenue and EBITDA expected to be in line with current market expectations, following multiple upgrades during the year.

• Board confident in continued growth, supported by robust balance sheet and expanding US operations.

• H1 2026 results, including new shareholder returns (dividends and share buybacks), to be announced on 10 August 2026.