The NAGA Group AG outperforms preliminary results

The NAGA Group AG, provider of the all-in-one financial SuperApp NAGA, today published its audited consolidated financial statements for the 2024 financial year.

The reported results exceeded the preliminary figures for both revenue and earnings. Group revenue totaled EUR 63.2 million, surpassing the preliminary figure of EUR 62.3 million.

Group EBITDA reached EUR 9.0 million, above the initially reported EUR 8.1 million.

EBITDA margin significantly improved to 14%, compared to the preliminary figure of 13%. This outperformance was driven by stronger-than-anticipated synergies realized during the merger year.

As expected, 2024 marked a period of strategic transformation rather than dynamic growth. The Group’s primary focus was the successful execution of the reverse merger with the former CAPEX Group, which was completed in August 2024. Key initiatives during the year included the full migration of clients to a unified technology platform, workforce optimization, and the implementation of an integrated go-to-market strategy. These efforts were accompanied by a purposeful reduction in marketing spend to support long-term operational alignment.

Operational momentum continued into 2025. In Q1 2025, the Group recorded year-on-year revenue growth, fueled by rising commission income, increased client acquisition, and elevated trading activity amid market volatility. Early cost-side synergies also began to materialize. Additionally, the renewed investment in marketing in Q1 2025 marks a deliberate move to scale the platform further and reinforce the NAGA brand globally.

Octavian Patrascu, CEO of The NAGA Group: “The audited financials for 2024 confirm that we not only met but clearly exceeded our preliminary figures. This performance validates the strength of our strategic transformation – from the successful CAPEX merger to the unified market approach and operational integration. Furthermore, our Q1 2025 results demonstrate that we are entering the new financial year with strong momentum and a clear growth trajectory.”