The NAGA Group AG, provider of the NAGA SuperApp, reported €62.3M in revenue for 2024, down from €77.5M in 2023, as it focused on merging with CAPEX Group. Despite lower marketing costs, EBITDA improved to 13% (€8.1M).
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The transition to a unified platform and brand strategy is expected to boost efficiency and reduce costs in 2025. NAGA also announced Mike Tyson as its brand ambassador.
The company achieved cash break-even and aims for higher EBITDA and net profit in 2025, targeting organic growth and potential expansions.
