Given the conducive macro environment, it is perhaps unsurprising that Plus500 has enjoyed a very strong start to FY26E, with both revenues and EBITDA well ahead of our expectations. What is even more encouraging is the better than anticipated customer numbers and the continued momentum in the non-OTC business. Reflecting this and the short-term outlook, management has indicated it expects FY26E to be ahead of current market expectations. We will review our forecasts on the back of today’s annou ....
