NAGA Group AG, the fintech company behind the all-in-one financial SuperApp NAGA, has published its audited financial results for 2024, revealing performance that exceeded expectations in both revenue and profit.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
According to the report, the Group recorded revenue of €63.2 million, surpassing the preliminary estimate of €62.3 million. EBITDA reached €9.0 million, outperforming the previously announced €8.1 million. The EBITDA margin improved to 14%, driven by operational efficiencies achieved during a year of strategic transformation.
Strategic merger with CAPEX and restructuring
Instead of pursuing aggressive expansion in 2024, NAGA focused on the successful execution of a reverse merger with CAPEX Group, finalized in August. Key restructuring efforts included migrating all clients to a unified technology platform, streamlining the workforce, and aligning the company’s global go-to-market strategy. Marketing spend was deliberately reduced to support long-term operational cohesion.
Leadership comment
CEO Octavian Patrascu commented: “The audited financial statements for 2024 confirm that we not only achieved but clearly exceeded our preliminary results. These figures validate the strength of our strategic transformation — from the successful CAPEX merger to our unified market approach and operational integration. Furthermore, our Q1 2025 results show that we are entering the new financial year with strong momentum and a clear growth trajectory.”
Strong start to 2025
NAGA has carried that momentum into 2025. In Q1,the company recorded a 7% year-over-year increase in revenue, driven by higher commission income, a growing client base, and active trading amid market volatility. Initial cost synergies began to materialize, while renewed marketing efforts aimed to broaden platform reach and strengthen global brand awareness.
The company also reiterated its commitment to transparency by publishing non-IFRS financial metrics alongside IFRS reports. These figures offer investors and analysts additional insights into operational performance and internal efficiency.
With the CAPEX merger complete and a clear operational roadmap in place, NAGA aims to further scale its SuperApp and reinforce its position as a major player in the global fintech landscape.
Earlier, NAGA Group AG had announced a series of strategic updates and marketing initiatives designed to boost user engagement, diversify revenue streams, and accelerate global expansion.
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