Naga Group Reports First-Half Profit of 1.1 Million Euros and Confirms 2026 Guidance
Fintech company The NAGA Group AG (N4G0) achieved its first profitable first half on record, reporting a final consolidated net income of 1.1 million euros for the first six months of 2026. This compares with a net loss of 2.6 million euros in the same period last year. The final results topped preliminary estimates, even as revenue slipped to 27.7 million euros from 32.3 million euros year-over-year due to a strategic focus on customer quality over acquisition volume.
The shift toward higher-value customers and leaner operations drove strong margin growth. EBITDA surged 51% to 4.5 million euros, lifting the EBITDA margin to 16.3% from 9.3%. Operating expenses and marketing costs both dropped substantially, helping Customer Lifetime Value rise 32% to 2,757 euros per customer. Strong earnings performance also boosted operating cash flow to 4.6 million euros, strengthening total cash reserves to 10.5 million euros.
Looking ahead, the executive board reaffirmed its full-year 2026 guidance, expecting annual revenue between 68 million euros and 75 million euros alongside EBITDA between 10 million euros and 15 million euros. Investors will be monitoring whether revenue growth accelerates in the second half of the year as anticipated, while shares last traded down 5.45% at 2.60 euros.
Key points
- Naga Group generated 1.1 million euros in net profit for H1 2026, marking its first profitable first half.
- EBITDA rose 51% year-over-year to 4.5 million euros, expanding the EBITDA margin to 16.3%.
- Revenue fell to 27.7 million euros from 32.3 million euros as the company prioritized high-value clients.
- Operating cash flow reached 4.6 million euros, helping raise cash reserves to 10.5 million euros.
- The company confirmed its full-year guidance for revenue of 68 million to 75 million euros.
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What were Naga Group's financial results for H1 2026?
Naga Group reported net income of 1.1 million euros and EBITDA of 4.5 million euros on revenue of 27.7 million euros for the first half of 2026, marking its first profitable first half in company history.
Did Naga Group confirm its full-year 2026 outlook?
Yes, Naga Group confirmed its full-year guidance, projecting 2026 revenue of 68 million to 75 million euros and EBITDA of 10 million to 15 million euros.
Why did Naga Group's revenue decline in H1 2026?
Revenue declined to 27.7 million euros from 32.3 million euros as Naga Group deliberately prioritized long-term customer value and higher-quality accounts over overall user acquisition volume.