XTB S.A. Earnings Call Transcripts
Fiscal Year 2026
Fiscal Year 2025
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2025 net profit reached nearly PLN 644m as revenue rose nearly 15% and client growth set records. 2026 plans pair higher marketing investment with new products and continued diversification beyond CFDs.
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Q3 2025 saw net profit of PLN 53 million amid low market volatility, but customer acquisition hit record highs and active clients surpassed 1 million. Operating costs and marketing spend rose sharply, while management remains focused on growth, product expansion, and maintaining strong liquidity.
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Record H1 2025 results with net profit of PLN 410 million and revenue of PLN 1,116 million, driven by a 70% increase in active customers and robust marketing. Despite FX losses and higher costs, customer acquisition and international expansion remain strong, with continued investment in technology and security.
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Q1 2025 saw record revenue of PLN 580 million (+4% YoY), net profit of PLN 194 million, and a 77% rise in active customers. Operating expenses and marketing spend surged, while FX losses impacted results. Expansion, new product launches, and tech upgrades remain key priorities.
Fiscal Year 2024
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Q3 revenue rose 67% YoY to PLN 470m and net profit increased 68% to PLN 204m, alongside strong customer growth. Product launches and international expansion remain priorities, with market volatility, marketing constraints and licensing shaping the outlook.