Polish brokerage XTB reported steady Q2 revenue of PLN 580 million ($150.8M), matching the previous quarter, but pre-tax profit rose 11.2% to PLN 260.7 million ($67.8M). Net profit reached PLN 216.1 million ($56.2M), thanks to cost-cutting efforts—expenses fell 7.2% to PLN 292.9 million ($76.2M), with marketing spend down 13% to PLN 123 million ($32M).
Client growth remained strong, adding 167,339 new users for a total of over 1.7 million. Active clients jumped to 812K from 735K, though net deposits dipped to PLN 3.1 billion ($806M) from PLN 4.1 billion ($1.1B).
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XTB plans to expand into physical crypto trading and options, pending regulatory approvals. It’s seeking a MiCA license for crypto and awaiting FSA clearance for its options pricing model.
Geographically, the broker is growing in Indonesia (adding ETFs and equities, with CFDs coming in late 2025/2026) and pursuing a Brazilian license, expected in 2025. It recently secured a Chilean license, marking its Latin American debut.
