NAGA Announces Improved Revenue In Q1 2025
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The NAGA Group AG has announced an impressive result in its revenue for the first quarter of the year. The company said it wants to reposition itself as a financial super app, and this revenue increase is a response to the team’s concerted expansion efforts.
According to the announcement, the increased revenue was driven by an increase in commission income. Additionally, it stated that it saw a surge in trading activity and client acquisition, supported by the present market volatility.
NAGA Says It’s Focused On The Company’s Expansion
NAGA noted that initial cost-side synergies started materializing during the period. The firm has also renewed its interest in marketing investments as it hopes to support the platform’s expansion. These approaches are taken to ensure that the company continues to expand its operations and offer more products to its customers. However, NAGA Group has not published detailed financial figures for the quarter.
NAGA has also released its audited financial results for 2024. According to the report, the firm recorded revenue of €63.2 million while its EBITDA rose to €9.0 million. These numbers are higher than the figures for the previous preliminary results, which had €62.3 million as its estimated revenue and €8.1 million as its EBITDA for the period.
Also, NAGA noted that its EBITDA rose from 13% in the previous quarter to 14% due to high synergies from its merger with CAPEX.com.
NAGA Offers 2.77% APY On Uninvested Euros
Chief Executive Officer of the NAGA Group, Octavian Patrascu, commented on the development. He stated that the audited financial report for 2024 only shows that the company met and exceeded its preliminary figures.
“This performance validates the strength of our strategic transformation,” he added, noting that the successful merger of CAPEX has boosted the firm’s financial figures and operational efficiency. With the operational integration and unified market approach, Octavian says NAGA is poised to expand even further as it enters the new financial year with strong momentum.
Last year, NAGA purchased the UK unit of TRADE.com. The acquisition came following a notable increase in administrative costs and a drop in UK revenues of TRADE.com. At the time, the company reported a net loss of £346,000.
Its acquisition by NAGA has steadied the company and repositioned it for growth. NAGA is currently offering 2.77% APY on uninvested euros held by users on its platform. The company is using this strategy to attract more customers and expand its operations.
