XTB profits +120% | NAGA +130% forecast

XTB UK profits soar 120% as NAGA shares rally on 130% growth forecast

XTB UK’s strategic shift to multi-asset investing paid off in 2024, with profits surging 116% despite a revenue dip. Meanwhile, NAGA Group’s stock soared after analysts predicted a 130% upside, fueled by merger synergies and a return to revenue growth.

NAGA Markets XTB
98
Min. deposit
-
Max. leverage
1:500
Bonus
Used by
656997+
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0.5
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MetaTrader 4
MetaTrader 5
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Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill
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FSC
CNMV
KNF
FCA
CySEC
Broker type
Forex & CFDs
Open account
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XTB UK profits soar 120% as NAGA shares rally on 130% growth forecast

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.

XTB

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%)