Plus500UK Ltd, the UK subsidiary of Israeli fintech group Plus500, reported a sharp decline in profit for the year ended Dec. 31, 2025, with post-tax earnings falling to £43,000 from £2 million in the prior year, according to filings with Companies House.
Revenue rose 10% to £12.2 million from £11.2 million in 2024, driven by higher turnover from contracts for difference trading, which increased to £9.6 million from £7.8 million. Interest income declined to £2.6 million from £3.4 million.
Operating profit more than doubled to £4 million from £1.9 million, but foreign exchange losses of £4 million wiped out gains, leaving profit before tax at just £63,000 compared with £2.7 million the previous year.
The FCA-regulated firm, which offers CFD trading on equities, indices, forex and commodities, received a £4 million capital note from its parent company in June 2025. The subordinated, non-interest bearing note has no repayment obligation before its fifth anniversary.
Net assets increased slightly to £58.4 million from £54.3 million. Cash and equivalents stood at £61.1 million, down marginally from £62 million. The company held client money under FCA CASS rules, segregated and reconciled daily, though the amount was not disclosed on the balance sheet.
Average headcount fell to 13 employees from 14, with staff costs declining to £2.9 million from £3.1 million. No dividends were paid during the year. Directors confirmed the company remains debt-free with substantial cash resources.
