Plus500UK Ltd, the UK subsidiary of the London-listed fintech group Plus500, posted a 98% decline in profit after tax to £43,000 for the year ended Dec. 31, 2025, down from £2 million in the prior year, according to filings with Companies House.
The sharp profit decline came despite a 10% increase in revenue to £12.2 million from £11.2 million in 2024. The company, which operates a contracts-for-difference trading platform regulated by the Financial Conduct Authority, saw operating profit rise to £4 million from £1.9 million year-over-year.
However, foreign exchange losses of £4 million reversed the operating gains, compared to a £760,000 foreign exchange gain in the prior year. This resulted in profit before tax falling to £63,000 from £2.7 million.
The company received a £4 million capital note from its parent company Plus500 Ltd in June 2025. The non-interest bearing, unsecured note is subordinated to all other liabilities and may be deferred until liquidation or dissolution.
Net assets increased to £58.4 million from £54.3 million, while cash and cash equivalents stood at £61.1 million, down marginally from £62 million. The company holds client money under FCA CASS rules, which is segregated and not shown on the balance sheet.
Average headcount decreased to 13 employees from 14, with staff costs falling to £2.9 million from £3.1 million. No dividends were paid during the year.
