NAGA Group
AG (XETRA: N4G),
the publicly listed company behind the retail trading app NAGA, reported a 7%
year-over-year (YoY) revenue increase in the first quarter of 2025, according
to unaudited figures released today (Thursday).
Octavian Patrascu, CEO of The NAGA Group AG; Source: LinkedIn
The
Hamburg-based fintech saw group revenues climb to €16.4 million in Q1, up from
€15.3 million in the same period last year. The growth was primarily driven by
higher commission income, new client onboarding, and increased trading activity
amid volatile global markets.
NAGA’s
quarterly EBITDA stood at €1 million, down from €2 million in Q1 2024, with
margin falling temporarily to 6% from 13% in the prior-year period. The company
attributed the decline to a strategic increase in marketing expenditure, which
rose by €1.6 million compared to Q1 2024.
|
Financial |
Q1 2025 |
Q1 2024 |
Change (%) |
|
Group |
16.4 |
15.3 |
+7.0% |
|
EBITDA |
1.0 |
2.0 |
-51.4% |
|
EBITDA Margin |
6.1% |
13.1% |
-54.6% |
NAGA
Group AG: Q1 2025 Financial Key Performance Indicators
“With
our quarterly reporting and our monthly updates, we are strengthening our
capital market communication and offering the international investor community
a high degree of transparency and clarity,” said Octavian Patrascu, CEO of
NAGA Group. “As CEO, I have set out to truly create a new NAGA Group and
show through action that we are leaving the past behind.”
This marks
an improvement in performance after full-year 2024 revenues totaled
EUR 62.3 million, compared to
EUR 77.5 million in 2023.
Client metrics show mixed
results
The company
reported that newly funded accounts increased 6.5% to 6,088 in Q1 2025, up from
5,717 in the same period last year. Client lifetime value (CLV) also improved
significantly, rising 14.2% to €3,290 from €2,880 a year earlier, indicating
stronger user engagement and higher per-client revenue generation.
|
User & |
Q1 2025 |
Q1 2024 |
Change (%) |
|
New |
73,902 |
88,892 |
-16.8% |
|
Newly Funded |
6,088 |
5,717 |
+6.5% |
|
Client |
3,290 |
2,880 |
+14.2% |
|
Avg. Client |
1,204 |
801 |
+50.3% |
|
Daily |
2.31 |
2.09 |
+10.5% |
|
Copy Trades |
945,047 |
833,446 |
+13.4% |
|
Volume Traded |
47,296 |
64,723 |
-26.9% |
NAGA
Group AG: Q1 2025 Non-Financial Key Performance Indicators
However,
new registered users decreased to 73,902 from 88,892 in Q1 2024, a decline of
16.8% that the company said was anticipated due to a strategic shift from
direct performance campaigns to broader brand-building initiatives.
Daily
trading activity per client increased 10.5% to 2.31 trades, while copy trades
rose 13.4% to 945,047. Total trading volume fell 26.9% to €47.3 billion, down
from €64.7 billion in Q1 2024.
This does
not fully align with the company’s statement just a week ago during the update
of its SuperApp platform. At the time, Patrascu noted that actions taken in Q1
had contributed to
an increase in new account openings and platform activity. However, it is
possible that the positive shift occurred only after the first three months of
2025.
You may
also like: Are
You Holding Uninvested Cash? NAGA Now Offers Interest on Euro
Enhanced transparency
initiative
As part of
its expanded capital market activities, NAGA announced it will begin publishing
regular interim announcements on quarterly results starting with this Q1 2025
report. The company will also disclose monthly key performance indicators on
its website.
NAGA
confirmed its 2025 financial outlook, stating it remains on track to return to
2023 revenue levels through “organic growth, efficient marketing spent, and
operational focus.” Management expects a substantial improvement in EBITDA
margin to reach the mid double-digit percentage range, supported by continued
synergy realization across the group.
NAGA Group
AG (XETRA: N4G),
the publicly listed company behind the retail trading app NAGA, reported a 7%
year-over-year (YoY) revenue increase in the first quarter of 2025, according
to unaudited figures released today (Thursday).
Octavian Patrascu, CEO of The NAGA Group AG; Source: LinkedIn
The
Hamburg-based fintech saw group revenues climb to €16.4 million in Q1, up from
€15.3 million in the same period last year. The growth was primarily driven by
higher commission income, new client onboarding, and increased trading activity
amid volatile global markets.
NAGA’s
quarterly EBITDA stood at €1 million, down from €2 million in Q1 2024, with
margin falling temporarily to 6% from 13% in the prior-year period. The company
attributed the decline to a strategic increase in marketing expenditure, which
rose by €1.6 million compared to Q1 2024.
|
Financial |
Q1 2025 |
Q1 2024 |
Change (%) |
|
Group |
16.4 |
15.3 |
+7.0% |
|
EBITDA |
1.0 |
2.0 |
-51.4% |
|
EBITDA Margin |
6.1% |
13.1% |
-54.6% |
NAGA
Group AG: Q1 2025 Financial Key Performance Indicators
“With
our quarterly reporting and our monthly updates, we are strengthening our
capital market communication and offering the international investor community
a high degree of transparency and clarity,” said Octavian Patrascu, CEO of
NAGA Group. “As CEO, I have set out to truly create a new NAGA Group and
show through action that we are leaving the past behind.”
This marks
an improvement in performance after full-year 2024 revenues totaled
EUR 62.3 million, compared to
EUR 77.5 million in 2023.
Client metrics show mixed
results
The company
reported that newly funded accounts increased 6.5% to 6,088 in Q1 2025, up from
5,717 in the same period last year. Client lifetime value (CLV) also improved
significantly, rising 14.2% to €3,290 from €2,880 a year earlier, indicating
stronger user engagement and higher per-client revenue generation.
|
User & |
Q1 2025 |
Q1 2024 |
Change (%) |
|
New |
73,902 |
88,892 |
-16.8% |
|
Newly Funded |
6,088 |
5,717 |
+6.5% |
|
Client |
3,290 |
2,880 |
+14.2% |
|
Avg. Client |
1,204 |
801 |
+50.3% |
|
Daily |
2.31 |
2.09 |
+10.5% |
|
Copy Trades |
945,047 |
833,446 |
+13.4% |
|
Volume Traded |
47,296 |
64,723 |
-26.9% |
NAGA
Group AG: Q1 2025 Non-Financial Key Performance Indicators
However,
new registered users decreased to 73,902 from 88,892 in Q1 2024, a decline of
16.8% that the company said was anticipated due to a strategic shift from
direct performance campaigns to broader brand-building initiatives.
Daily
trading activity per client increased 10.5% to 2.31 trades, while copy trades
rose 13.4% to 945,047. Total trading volume fell 26.9% to €47.3 billion, down
from €64.7 billion in Q1 2024.
This does
not fully align with the company’s statement just a week ago during the update
of its SuperApp platform. At the time, Patrascu noted that actions taken in Q1
had contributed to
an increase in new account openings and platform activity. However, it is
possible that the positive shift occurred only after the first three months of
2025.
You may
also like: Are
You Holding Uninvested Cash? NAGA Now Offers Interest on Euro
Enhanced transparency
initiative
As part of
its expanded capital market activities, NAGA announced it will begin publishing
regular interim announcements on quarterly results starting with this Q1 2025
report. The company will also disclose monthly key performance indicators on
its website.
NAGA
confirmed its 2025 financial outlook, stating it remains on track to return to
2023 revenue levels through “organic growth, efficient marketing spent, and
operational focus.” Management expects a substantial improvement in EBITDA
margin to reach the mid double-digit percentage range, supported by continued
synergy realization across the group.
