Plus500UK Ltd, the UK subsidiary of Israeli fintech group Plus500, reported a sharp decline in profit for the financial year ended Dec. 31, 2025, with after-tax earnings falling to £43,000 from £2 million in 2024, a 98% year-over-year decrease.
Revenue for the FCA-regulated contracts-for-difference trading platform rose 10% to £12.2 million from £11.2 million in the prior year. However, operating profit more than doubled to £4 million from £1.9 million in 2024, driven by lower distribution costs which fell 26% to £3.2 million.
The profit decline was primarily attributable to foreign exchange losses of £4 million recorded under interest payable and similar charges, compared to a £760,000 gain in 2024. Profit before taxation stood at £63,000, down from £2.7 million in the prior period.
The company received a £4 million capital injection from its parent company in June 2025 in the form of a non-interest bearing, unsecured capital note subordinated to all other liabilities. Net assets increased to £58.4 million from £54.3 million at the prior year end.
Plus500UK held £61.1 million in cash and cash equivalents at year end, down marginally from £62 million in 2024. Client money held under FCA CASS rules is segregated and not shown on the balance sheet.
Average headcount fell to 13 employees from 14 in the prior year, with staff costs declining to £2.9 million from £3.1 million. No dividends were paid during 2025.
