Plus500 Reports $718 Million Revenue for FY 2021

Plus500, a global multi-asset fintech group operating technology-based trading platforms, today issues the following trading update for the financial year ended 31 December 2021. The group delivered an outstanding operational and financial performance throughout FY 2021, ahead of market expectations

FY 2021 revenue was approximately $718m, supported by Customer Income, a key underlying growth metric for the group, of approximately $702m. This exceptional customer income performance was driven by a consistently high level of customer trading activity throughout the year. Customer trading performance for FY 2021 was approximately $16m, with the company continuing to expect that the contribution from Customer trading performance will be broadly neutral over time.

EBITDA is expected to be approximately $387m for the year and basic earnings per share for FY 2021 is expected to be approximately $3.10. The group's base of active customers during FY 2021 remained well ahead of pre-pandemic levels, at approximately 406,000, with the number of new customers on-boarded reaching approximately 196,150. This development of the group's customer base was driven by continued significant investment in its marketing technology.

Plus500 made excellent progress during FY 2021 on its strategic roadmap to develop its position as a global multi-asset fintech group, through organic investment and bolt-on acquisitions, which support the diversification of its revenue streams, product range and geographic footprint. The Group will continue to invest in future growth, through further organic investment and by actively targeting additional acquisitions.

David Zruia, Chief Executive Officer, commented:"We are pleased to have delivered another strong year of financial performance, as well as making significant progress with our strategic and operational plans to strengthen our position as a leading global multi-asset fintech group. With the group having further strengthened its positioning during 2021, the board remains confident about the future for Plus500 and continues to expect that the group will deliver sustainable growth over the medium to long term."