
XTB UK reported a 116% jump in pre-tax profit to £374,228 for 2024, even as revenue fell 5% to £4.51 million. The Warsaw-listed fintech is shifting from a pure CFD broker to a multi-asset platform, cutting costs and expanding into long-term investments like ISAs and ETF portfolios.
Key highlights:
- Retail sales income: £4.42M (down from £4.65M)
- Institutional sales income: £90,948 (down 8%)
- Operating profit: £375,968 (up from £178,527)
- New clients surged 59%, offsetting revenue decline
XTB’s UK MD Joshua Raymond said their ISA offers aim to beat market rates. The firm also spent heavily on marketing to boost brand awareness.
NAGA Group AG (XETR: N4G) hit a 4-month high after SMC Research kept a “BUY” rating with a €1.60 price target—130% above current levels.
Q1 2025 results:
- Revenue: €16.4M (+7%)
- EBITDA: €1.0M (down from €2.0M due to higher marketing costs)
- User activity rose, with copied trades up 13.4%
Growth drivers:
✔ Merger with Key Way Group (CAPEX.com) could save €9M/year
✔ UK re-entry via Trade Capital UK acquisition
✔ 2025 revenue target: €74M (+19%)