Plus500 Ltd Exceeds Market Expectations with Robust Financial Performance

Plus500 Ltd anticipates its FY 2024 results to exceed market expectations, announcing shareholder returns totaling $185.5 million. The returns include $110.0 million in share buybacks and $75.5 million in dividends. The company's HY group revenue rose by 8% year-on-year to $398.2 million, with an operating profit of $180.2 million.

Plus500 Ltd has announced that its financial results for FY 2024 are expected to surpass current market predictions. In a move that underscores its strong performance, the company unveiled significant additional shareholder returns worth $185.5 million.

This substantial return includes $110.0 million allocated for share buybacks and $75.5 million set aside for total dividends. Within this dividend distribution, an interim dividend amounts to $35.4 million, or $0.4686 per share, and a special dividend is valued at $40.1 million.

The company's impressive financial metrics were further highlighted by an 8% year-on-year increase in HY group revenue, reaching $398.2 million. Correspondingly, Plus500 Ltd reported an operating profit of $180.2 million.

(With inputs from agencies.)