NAGA Ends Q1 2025 with Higher Revenue as Commission Income Improves

The NAGA Group AG, which is positioning itself as a financial superapp, reported year-over-year increased revenue in the first quarter of 2025, driven by a rise in commission income. The company also noted higher client acquisition and increased trading activity, supported by ongoing market volatility.

However, the broker has yet to publish specific financial figures for the quarter.

NAGA further stated that “early cost-side synergies also began to materialise.” During the quarter, it renewed its marketing investments to support the platform’s expansion.

Audited Financials Beat Preliminary Results

NAGA also announced its audited financial results for 2024, reporting total revenue of €63.2 million and Group EBITDA of €9.0 million. Both figures exceeded the previously released preliminary results, which had estimated revenue at €62.3 million and EBITDA at €8.1 million.

Additionally, the company’s EBITDA margin improved to 14%, up from 13% in the earlier figures. According to NAGA, the gains came from “stronger-than-anticipated synergies” following its merger with CAPEX.com.

“The audited financials for 2024 confirm that we not only met but clearly exceeded our preliminary figures,” said Octavian Patrascu, CEO of The NAGA Group.

“This performance validates the strength of our strategic transformation – from the successful CAPEX merger to the unified market approach and operational integration. Furthermore, our Q1 2025 results demonstrate that we are entering the new financial year with strong momentum and a clear growth trajectory.”

Expanding Reach and Services

In addition, NAGA quietly acquired the UK unit of TRADE.com last year. FinanceMagnates.com earlier reported that the acquisition followed a significant drop in TRADE.com’s UK revenue and a sharp rise in administrative costs, leading to net losses of £346,000.

To attract new customers, NAGA has started offering 2.77% APY on uninvested euros held on the platform. IG Group, meanwhile, has raised the bar with a promotional interest offer of 8.5% on cash holdings, double the Bank of England’s base rate.