Plus500 has published its unaudited financial metrics for the fourth quarter and the full year 2022.
The retail broker’s revenue for the last year reached $832.6 million. The figure was 16% higher than 2021’s 718.7 million. The Israeli company reported EBITA of $453.8 million, up by 17% compared to the previous year. The firm revealed the number in an earlier trading update.
David Zruia, Chief Executive Officer, commented:
David Zruia Source: LinkedIn
Plus500 continues to outperform, delivering an excellent set of results in 2022, well ahead of market expectations at the beginning of the year. Our performance was again driven by Plus500’s unique proprietary technology stack proposition, which underpins our on-going ability to attract and retain higher value customers over the long term.
Final share buyback program
The London-listed broker also reported a $100 million distribution to investors of final and special share buybacks and dividends. Plus500 today announced a final share buyback program to purchase $42.4 million worth of company shares and a special buyback program of $27.6 million.
The firm will also pay out final dividend of $20 million to its shareholders at $0.2156 per share and a special dividend of $10 million at $0.1078 per share, both to be distributed in July.
In 2022 Plus500’s shareholders received $270.2 million in returns, which represents 73% of the firm’s net profits in 2022.
Meanwhile, Plus500 revealed earlier in February it has obtained a licence from the Dubai Financial Services Authority (DFSA) in the growth market of the United Arab Emirates(UAE).
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
