The NAGA AG Group (ETR: N4G), a provider of the financial superapp Naga, has released financial financial financial data for H1 2025 that shows both revenue and profit increase. The revenue of the teams increased by 2% to EUR 32.2 million (H1 2024: 31.6 million euros), while net revenue after execution and liquidity costs and payment fees increased by 3% to EUR 28.9 million (H1 2024: 28.0 million euros).

EBITDA increased by 8% to € 3.0 million (H1 2024: € 2.8 million), despite the deliberate increase in marketing costs to promote future growth.

Target growth investments in conjunction with functional efficiency profits

According to its strategy, NAGA said it significantly increased marketing investment in the first half of the year to support the brand’s long -term growth and accelerate users. At the same time, the company continued to benefit from the costs and efficiency profits resulting from the integration of 2024 after the merger of NAGA with Capex.com. This has led to a significant reduction in various categories of business expenses and supported total profitability.

EBITDA’s net revenue and margins show positive impulse

While marketing spent increased, cost effectiveness in other areas has helped improve both EBITDA and net revenue margins compared to the same period last year. This emphasizes the effectiveness of NAGA’s improved functional model and the increasing leverage of the consolidated technological platform.

Octavian Patrascu, chief executive of the NAGA team, said,

“In the first half of 2025 remained consistent with our plan: while maintaining stable operational discipline, we have invested in growth in growth.

Outlook confirmed

These preliminary results semi-semi-expiry confirm NAGA’s full prospect for 2025: The company expects to return to Pro-Forma 2023 income levels and achieve a significant improvement in the EBITDA margin in the average double digit. The main factors remain the consistent execution of a brand’s strategy, the escalating infrastructure and the disciplined cost management.

KPIS Financial Group (Undeep)

In millions of euros H1 / 25 H1 / 24 IT
Income 32.2 31.6 2.0%
Ebitda 3.0 2.8 8.0%
EBITDA margin 9.3% 8.8% 5.7%

NOTE: Items for H1 2025 are unclear. Rounding differences may occur.

For Naga

NAGA is a leading German Fintech company that offers a superapp to merge social transactions, invest in stock, encryption and neo banking on a consolidated platform, powered by its privately owned advanced technology. Operating in more than 100 countries with 9 local offices, NAGA offers a wide range of services for both Fiat and cryptocurrencies. The platform features a natural visa card with Fiat and automatic encryption converting plus cashbacks, dynamic social foods and advanced automatic Autocopy features, allowing users to reproduce the strategies of successful traders. Designed for a global community, NAGA provides an exclusive and effective economic ecosystem for personal funding and negotiation.