The NAGA Group AG Shows Improved Efficiency and Profitability

The NAGA Group AG recently released its audited FY25 financial statements revealing a €62.4m revenue, slightly below the previous year's €63.2m. This indicates a 3.5% revenue growth year-over-year when adjusted for foreign exchange. EBITDA was reported at €3.7m, surpassing preliminary figures by 12%.

The company has made notable progress in cost efficiency and marketing. A 15.6% increase in marketing expenditure led to a 37.5% rise in new funded accounts with a 16.5% reduction in customer acquisition cost. The first quarter of 2026 reflected these gains, showing an improved EBITDA margin and healthier client KPIs.

NAGA's FY26 guidance suggests revenue projections between €68m-€75m and EBITDA of €10m-€15m, indicating a need for significant growth acceleration. The company's MiCA authorization enhances its regulatory position for crypto services in the EU.