XTB Hits Client Milestone But Profit Takes A Hit
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XTB welcomed its highest number of new clients ever during the first quarter of this year. However, the sharp growth in user numbers was not enough to stop a drop in profit.
The Polish brokerage shared its early figures for the first three months, showing that net profit fell by more than 25 percent compared to the same period last year. Profit went down from PLN 302.7 million to PLN 193.9 million, based on the latest update.
Even with the lower earnings, total income improved. XTB brought in PLN 580.3 million, compared to PLN 555.9 million one year earlier. This marked a 4.3 percent increase and was supported by a major increase in user activity.
Client Numbers Skyrocket As Trading Picks Up
The company explained that its recent efforts helped bring in a record 194,304 new users in just three months. This was nearly 50 percent higher than the same quarter last year and pushed the total client base past 1.5 million.
The number of users who traded during the period also broke previous records. XTB counted 735,400 active clients, up from 416,600 one year ago. This strong activity helped drive a 24 percent boost in revenue compared to the last quarter.
But the higher level of business came with a cost. Operating expenses jumped to PLN 315.8 million—up 54 percent from the PLN 205 million spent a year earlier. XTB linked this increase to growth in services, tools, and client support.
XTB Unlocks More Tools for European Investors
Besides trading, XTB is working to improve its long-term investment services. In Poland, the firm added a new feature to its retirement account (IKE), allowing users to set up pending orders for future trades.
In the United Kingdom, users can now transfer their funds into XTB from other tax-free savings accounts. These changes are designed to support clients who want to invest over longer periods.
The company also launched a new product in France called the Plan d’Épargne en Actions (PEA). This account gives tax savings to those who hold stocks and ETFs for at least five years. Users can invest up to €150,000, making it appealing to serious savers.
Looking ahead, XTB plans to launch in more countries. It aims to begin operations in Indonesia in the first half of this year. In Brazil, the company is working to complete its licensing process before the year ends.
XTB also received a license in Chile, allowing it to offer global shares and ETFs. To support these steps, the company opened a second office in Dubai, showing its strong push for international growth.
