NAGA Shares Rise on Strong Q1 Results as revenue grows, user engagement improves, and transparency boosts investor confidence.
NAGA Shares Rise on Strong Q1 Results as revenue grows, user engagement improves, and transparency boosts investor confidence.
NAGA Shares Rise as the company reports strong Q1 2025 results. NAGA surged by 5% on Thursday after releasing its latest financials. Revenue climbed 7% to EUR 16.4 million, driven by increased commission income and a growing client base. Heightened trading activity amid global market volatility further supported this upward momentum.
According to unaudited figures, this performance supports the Group’s positive full-year forecast and reflects growing momentum since the merger with CAPEX.com last year. Simultaneously, NAGA announced that it will now provide quarterly financial updates along with monthly performance indicators on its website. This move marks a step toward increased transparency.
CEO Octavian Patrascu emphasized, “With our quarterly reporting and our monthly updates, we are strengthening our capital market communication and offering the international investor community a high degree of transparency and clarity.”
Despite a drop in EBITDA to EUR 1 million from EUR 2 million in the same quarter last year, the company maintained a 6% EBITDA margin. This decrease stems from a strategic marketing investment of EUR 1.6 million above last year’s level. Nonetheless, the Group views this as a necessary move to accelerate brand growth. “Our aim is to go beyond the legal requirements and provide real insight into our strategy, mindset, and business activities,” added Patrascu.
Operational synergies continued to benefit the Group, particularly in personnel and general expenses. In addition, user growth showed resilience. NAGA recorded 73,902 new registrations, slightly down from 88,892 in Q1 2024, due to a deliberate pivot from direct response advertising to long-term brand-building. However, newly funded accounts climbed 6.5% to 6,088, highlighting improved conversion rates.
Moreover, Client Lifetime Value increased by 14.2% to EUR 3,290, demonstrating deeper user engagement and higher revenue per client. Looking ahead, NAGA expects to match its 2023 revenue levels by the end of 2025, supported by organic growth, disciplined marketing, and operational focus. Management projects that the EBITDA margin will significantly improve to reach the mid-double-digit percentage range as the company continues to capitalize on synergies and growth initiatives.
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