XTB (XTB) Q4 2024 earnings summary

Executive summary

• Operating profit (EBIT) rose 8.3% year-over-year to PLN 986.7 million, with net profit up 8.3% to PLN 856.9 million.

• Total operating income increased 15.8% year-over-year to PLN 1,873.4 million, driven by higher profitability per lot and increased transaction volumes.

• Significant product innovations included the launch of auto-invest features, eWallet, and pension savings products in multiple markets.

Financial highlights

• Net gain on transactions in financial instruments grew 14.4% year-over-year to PLN 1,800.6 million.

• Operating expenses increased 27.7% year-over-year to PLN 886.7 million, mainly due to higher marketing and salary costs.

• Own cash and bonds rose 13.7% year-over-year to PLN 2,052.6 million.

Outlook and guidance

• Ongoing dialogue with regulators regarding the future of social trading services.

• Continued focus on expanding product offerings, including options and new pension accounts.