XTB (XTB) Q1 2025 TU earnings summary

Executive summary

• Achieved record operating income and significant growth in new and active investors in Q1 2025, with 194,300 new clients (+49.8% y/y) and 735,400 active customers (+76.5% y/y).

• Total client base reached 1.54 million by March 2025, up from 1.01 million a year earlier.

• Focused on expanding client base, launching new products, and entering new markets.

Financial highlights

• Consolidated revenues reached EUR 138.7 million, a 7.8% increase year-over-year.

• Net profit was EUR 46.3 million, down from EUR 70.1 million last year.

• Operating costs rose to EUR 75.5 million, mainly due to higher marketing, salaries, and commissions.

• Net deposits climbed to EUR 986.3 million, a 123.6% increase year-over-year.

• Client assets totaled EUR 7.2 billion at quarter-end.

Outlook and guidance

• Plans to further expand product offerings, including options and cryptocurrency trading, subject to regulatory approvals.

• Targeting continued client base growth and global brand expansion, with launches planned in Indonesia and Brazil.