NAGA review: Reduced trading activity pressures financial results
The NAGA Group AG has lowered its full-year 2025 financial guidance, a sign that muted global markets and low volatility are still dragging on its performance. The company now expects revenues of EUR 62–66 million and an EBITDA between EUR 3–6 million, down from its previous targets of EUR 74 million in revenues and around EUR 12 million in EBITDA.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
NAGA’s management board cited a persistently subdued trading environment throughout 2025, with global volatility remaining unusually low. This climate reduced trading activity and lowered average revenue per active customer across the neo-broker sector. Though NAGA continued to pursue its integration and operational roadmap, these external headwinds turned out to be stronger and more enduring than initially expected. With no end in sight to the weak conditions as the year-end approaches, the company concluded it could no longer count on a late-year rebound to make up the shortfall.
Platform integrity and long-term offer
Earlier in the year, NAGA posted relatively stable half-year results, reflecting modest resilience amid challenging market conditions. The firm invested in marketing and integration efforts aimed at driving customer growth and improving its operational base. Its SuperApp — combining social trading, stock and crypto investing, and banking services — remains a compelling product offering for users worldwide. Under more favorable market conditions, this integrated platform could deliver significant growth given NAGA’s global presence in over 100 countries.
With its 2025 guidance revised sharply downward, NAGA’s near-term profitability depends heavily on whether global market volatility returns. A renewed uptick could revive trading volumes and lift revenues toward the prior forecast range.
Read also: NAGA unveils unified Everything Money platform
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