The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has released it financial preliminary financial figures for H1 2025 showing both revenue and earnings growth. Group revenues increased by 2% to €32.2 million (H1 2024: €31.6 million), while net income after execution and liquidity costs and payment processing charges increased by 3% to €28.9 million (H1 2024: €28.0 million).

EBITDA rose by 8% to €3.0 million (H1 2024: €2.8 million), despite a deliberate increase in marketing expenses to drive future growth.

Targeted Growth Investments Coupled with Operational Efficiency Gains

In line with its strategy, NAGA said it significantly increased its marketing investments in the first half of the year to support long-term brand development and accelerate user acquisition. At the same time, the Company continued to benefit from cost synergies and efficiency gains resulting from the 2024 integration after NAGA merged with CAPEX.com. This led to a substantial reduction in several operational expense categories and supported overall profitability.

Net Revenues and EBITDA Margins Show Positive Momentum

While marketing spent increased, cost efficiencies in other areas helped to improve both the EBITDA and net revenue margins compared to the same period in the previous year. This underlines the effectiveness of NAGA’s streamlined operating model and the growing leverage of its unified technology platform.

Octavian Patrascu, CEO of The NAGA Group said,

“The first half of 2025 remained consistent with our plan: while holding firm on operational discipline, we have invested decisively in growth. The synergies of merging two companies are evident in the year-on-year increases in revenues and EBITDA. In turn, these improvements give us the financial flexibility to allocate even more resources to marketing for the next stage of growth.”

Outlook Reaffirmed

These preliminary half-year results reaffirm NAGA’s full-year 2025 outlook: the Company expects to return to pro-forma 2023 revenue levels and to achieve a meaningful improvement in its EBITDA margin in the mid-double-digit range. Key enablers remain the consistent execution of the One-Brand strategy, scalable infrastructure, and disciplined cost management.

Group financial KPIs (unaudited)

Note: The figures for H1 2025 are unaudited. Rounding differences may occur.

About NAGA

NAGA is a leading German Fintech Company offering a SuperApp with the aim to merge social trading, investing in stocks, crypto, and neo banking into one unified platform, powered by its proprietary advanced technology. Operating in over 100 countries with 9 local offices, NAGA offers a diverse range of services for both fiat and cryptocurrencies. The platform features a physical VISA card with fiat and automatic crypto conversion plus cashback, dynamic social feeds, and advanced autocopy functions, enabling users to replicate the strategies of successful traders. Designed for a global community, NAGA provides an inclusive and efficient financial ecosystem for personal finance and trading.