NAGA Group’s audited 2025 financials reveal EBITDA of EUR 3.7 million, marking a 12 percent increase from the EUR 3.3 million preliminary figure reported in February. Audited revenue came in at EUR 62.4 million, slightly down from the prior year’s EUR 63.2 million, though FX-adjusted revenue reached EUR 65.4 million. The fintech broker has achieved a critical milestone, posting its first profitable quarter in Q1 2026 with EUR 500,000 net profit and EUR 2.3 million EBITDA, driving the EBITDA margin from 6.1 percent to 15.8 percent year-over-year.
The results follow NAGA’s merger with CAPEX Group and the recent acquisition of a MiCA licence, strengthening its European crypto operations. Marketing investment increased 15.6 percent, delivering a 37.5 percent surge in new funded accounts while lowering customer acquisition costs by 16.5 percent. NAGA is now positioning itself as a super app under the Naga One brand, joining competitors CMC and IG in this strategic direction.
FXnCO Insight
NAGA’s profitability turnaround and improved operating efficiency signal potential momentum for the stock, particularly with MiCA licensing opening European crypto market opportunities.
Source: Finance Magnates