Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today announced its preliminary unaudited results for the year ended 31 December 2024.

Group revenue grew by 6% year-on-year to $768.3 million. The result comprises trading income of $711.6m (FY 2023: $674.3m) and interest income of $56.7m (FY 2023: $51.9m) including revenue of $182.8m in Q4 2024 (Q4 2023: $189.6m).

EBITDA for FY 2024 was $342.3m (FY 2023: $340.5m) equating to an EBITDA margin of 45% (FY 2023: 47%), including $76.2m in Q4 2024 with an EBITDA margin of 42% (Q4 2023: $86.1m and 45%, respectively).

Customer Income was $667.6m during FY 2024 (FY 2023: $600.1m), including $171.9m in Q4 2024 (Q4 2023: $142.2m) and Customer Trading Performance was $44.0m (FY 2023: $74.2m), including ($2.6m) in Q4 2024 (Q4 2023: $32.2m). The Group expects that the contribution from Customer Trading Performance will be broadly neutral over time.

Net profit in FY 2024 was $273.1m (FY 2023: $271.4m) and basic earnings per share was $3.57 (FY 2023: $3.17).

Net financial expenses (income) were ($1.1m) in FY 2024 (FY 2023: $0.2m), driven mainly by FX gains and losses as the Group manages its exposure to a range of operating currencies versus the US dollar. A substantial portion of the Group’s cash is held in US dollars in order to reduce the impact of currency movements on financial expenses over time.

As of 31 December 2024, total assets on the Group’s balance sheet were $991.8m (FY 2023: $1,004.7m), with equity of $644.3m (FY 2023: $699.8m), representing approximately 65% of the balance sheet (FY 2023: approximately 70%).

The Group has remained debt-free since inception, and had a cash and cash equivalents balance at the end of FY 2024 of $890.0m (FY 2023: $906.7m).

Plus500 announced today additional shareholder returns of $200.0m, comprising share buybacks of $110.0m and total dividends of $90.0m, representing $1.223 per share.