The increase in quotations is the result of the initial financial results published the day before for the first quarter of 2025, which exceeded the expectations of the market. The company reached a net profit of PLN 194 million, while the forecasts spoke about PLN 185 million. Revenues were also better than predictions – amounted to PLN 580.3 million at the expected PLN 545 million.
During the first quarter, XTB obtained a record number of 194.3 thousand. new customers (an increase of nearly 50 % year -on -year), achieving its quarterly goal. At the end of March, the company of the company increased to 1.54 million, compared to 1.01 million a year earlier. In addition, only on April 1-28 XTB gained another 56.4 thousand. customers, and the number of active users reached a record 735.4 thousand, which means an increase of over 76 percent. r/r.
Mixed analysts' comments
Analysts, however, have different opinions. Mikołaj Lemańczyk from BM mBank cited by the Parkiet portal pointed out that customer activity was slightly lower than expectations, and the rate of acquiring new accounts – especially in March – disappointing. He also pointed to higher than assumed marketing expenses, although they were within the forecast range.
In turn, Maciej Marcinowski from Trigon DM in an interview with Parkiet.com drew attention to a strong increase in revenues and the number of active clients – even above his own forecasts, corrected by a new definition of an active client. In his opinion, the value of CFD turnover increased by as much as 29 percent. Quarter to the quarter, but customers focused mainly on indexes, which affected the decrease in the margin from turnover by 5 percent. The revenues from Market Making and the increase in deposited funds (+117 percent y/y) also brought a positive surprise. EBITDA was 9 % higher than expected, but the net profit slightly below expectations due to higher exchange rate losses.
