NAGA Group posts 7% revenue growth in Q1 2025 despite higher costs

NAGA Group posts 7% revenue growth in Q1 2025 despite higher costs
NAGA Group posts Q1 growth

​NAGA Group AG, a leading fintech company and developer of the financial SuperApp, has announced strategic changes to its communication approach with capital market participants. The company is placing a strong emphasis on enhancing transparency and building investor trust.

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As part of this initiative, beginning with the Q1 2025 report, NAGA will publish quarterly interim updates and monthly key performance indicators (KPIs) on its official website, according to EQS News.

Revenue growth amid increased marketing spend

According to unaudited data, NAGA’s total revenue grew by 7% year-over-year to €16.4 million (compared to €15.3 million in Q1 2024). The key drivers of this growth were increased commission income, new client onboarding, and elevated trading activity amid heightened global market volatility.

Despite the revenue growth, EBITDA dropped to €1 million, down from €2 million a year earlier. This was primarily due to a strategic increase in marketing spend of €1.6 million, which temporarily reduced the EBITDA margin to 6% (from 13% in the prior year). The company emphasized that this is a deliberate investment aimed at supporting long-term growth and scalability.

Non-financial metrics reflect enhanced client engagement

In Q1 2025, NAGA registered 73,902 new users, down from 88,892 in Q1 2024. The decline was anticipated as the company shifted its marketing focus from direct response campaigns to brand-building efforts. However, the number of newly funded accounts increased by 6.5% to 6,088, reflecting improved conversion rates.

Client Lifetime Value (CLV) also rose significantly—by 14.2% to EUR 3,290, while the average number of daily trades per client increased to 2.31. Copy trades rose by 13.4% to 945,047, signaling higher user engagement and improved monetization.

Strengthened market communication and future outlook

CEO Octavian Patrascu commented:

“Through our quarterly reports and monthly updates, we are strengthening our capital market communication and offering the international investor community a high degree of transparency and clarity. Our goal is to go beyond legal requirements and provide real insight into our strategy, mindset, and operations.”

Outlook: confirmed growth and margin recovery

Going forward, NAGA expects to return to 2023 revenue levels through efficient marketing, client base expansion, and operational optimization. Management also anticipates a recovery in EBITDA margin to a mid double-digit percentage, supported by ongoing synergies across the Group.

The company continues to solidify its position as a resilient player in the digital trading sector amid growing market competition.

Previously, NAGA Group AG introduced a range of strategic updates and marketing campaigns aimed at increasing user engagement, diversifying revenue streams, and accelerating global expansion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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