NAGA Group Reports Higher First-Half Net Income of EUR 1.1 Million in Final Results
Brokerage firm NAGA Group updated its first-half net profit to EUR 1.1 million in final figures, up from a preliminary estimate of EUR 0.9 million. The result marks a turnaround from a net loss of EUR 2.6 million during the same period a year earlier. Half-year revenue reached EUR 27.7 million, down 14% from EUR 32.3 million in the prior-year period, while core operating earnings before interest, taxes, depreciation, and amortization came in at EUR 4.5 million.
The profitability boost occurred as the company scaled back marketing costs by 26% to EUR 11.2 million, resulting in 35% fewer newly funded accounts. Despite fewer new client additions, customer lifetime value increased 32% to EUR 2,757. Proprietary acquisition channels brought in more than half of overall revenue, alongside a lower deposit withdrawal rate from active users.
NAGA Group reaffirmed its full-year performance outlook, targeting revenues between EUR 68 million and EUR 75 million and core profit between EUR 10 million and EUR 15 million. Reaching those objectives will require a notable acceleration in trading activity and sales in the second half of the year. Investors will also monitor how the company deploys $8 million in recently raised capital from convertible bonds.
Key points
- First-half net income reached EUR 1.1 million, overcoming a EUR 2.6 million net loss from the prior year.
- Revenue dropped 14% year over year to EUR 27.7 million, but core profit margin rose to 16.3%.
- Marketing spending dropped 26% to EUR 11.2 million while customer lifetime value climbed 32% to EUR 2,757.
- Full-year financial guidance remains unchanged at EUR 68 million to EUR 75 million in total revenue.
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What was NAGA Group's first-half net profit for 2026?
NAGA Group recorded a final first-half net profit of EUR 1.1 million, which is EUR 0.2 million higher than its preliminary calculation and a reversal from a EUR 2.6 million net loss a year earlier.
Did NAGA Group change its full-year guidance?
No, the company kept its 2026 full-year expectations unchanged, projecting total revenue between EUR 68 million and EUR 75 million and core profit between EUR 10 million and EUR 15 million.
Why did NAGA Group's revenue decline in the first half?
First-half revenue fell 14% to EUR 27.7 million alongside a 26% reduction in marketing expenditure, which led to 35% fewer newly funded clients compared to the same period in the prior year.