2025-07-31 17:52
publication
2025-07-31 17:52
XTB estimates that in the second quarter of 2025 it had PLN 216.1 million net profit, and the consensus of PAP Biznes assumed a net profit of PLN 245.2 million. Consolidated revenues reached the level of PLN 580.6 million, due to the consensus PLN 622.1 million.
As written in the board's commentary for preliminary results, in the first half of 2025, XTB consistently implemented the assumed strategy, focusing on building a customer base.
“As a result, the group acquired a record -breaking over 361,000 new customers, which means an increase of 55.7 percent year -on -year (y/y). The total number of customers exceeded the level of 1.7 million, which is an increase of 53.0 percent compared to the similar period of last year. 2024 to 853.9 thousand ” – it was written.
In the six months of 2025, XTB generated revenues of PLN 1,160.9 million (an increase of 23.8 percent y/y).
For significant factors determining the developed result, consistent enlargement of the number of active clients was indicated, combined with their high transactional activity expressed, among others in the number of CFD contracts in flights (an increase of 41.5 percent y/y) and a decrease in the profitability of Lot to PLN 251 (I half of 2024: PLN 289).
The company stated that the second quarter of 2025 began with a very high variability caused by President Donald Trump.
“In the following weeks, the market clearly calmed down and began the path of return to levels from the end and quarter of 2025. For this reason, revenues were at a slightly higher level and amounted to: PLN 580.6 million (1st quarter of 2025: PLN 580.3 million)” – it was written.
“This level was influenced by: (i) a lower unit profitability of PLN 229 (less by PLN 48 k/k); (ii) Higher turnover of customers with financial instruments expressed in the number of transactions included in flights – an increase of 413.6 thousand flights to a level of 2,321.6 thousand flights (compared to 1,908,08,08,000 in the first quarter of 2025)” – added.
XTB stated that when considering the structure of revenues in terms of instrument classes, in the first half of 2025 CFD (Contract for Difference) contracts (Contract for Difference), based on indexes, occupied the dominant position.
“Their participation in the general structure of revenues was 46.3 percent, compared to 37.2 percent in the same period of the previous year. It was the result of, among others, the high profitability of transactions on instruments based on the American US Index 100, the German DAX index (DE40) and the US 500 American index” – informed.
It has been added that the second largest asset class were CFD instruments based on goods, whose participation in the revenue structure was 33.1 percent. against 48.2 percent In the first half of 2024
“This result was the result of the high profitability of transactions on CFD instruments related to gold, oil, natural gas and coffee.
“The most profitable financial instruments in this class were CFD instruments based on EURUSD currency pair and Bitcoin cryptocurrency” – added.
The company indicated that in the following quarters of 2025, it will continue to continue building a universal investment application and plan to introduce further products to the offer: options and cryptocurrencies.
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XTB results in the second quarter of 2025 and their reference to PAP Biznes consensus and previous results. Data in PLN million |
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|---|---|---|---|---|---|---|---|
| 2Q2025 | results | cons. | difference | y/y | Q/Q | YTD 2025 | yard |
| Income | 580.6 | 622.1 | -6.7% | 52.1% | 0.1% | 1160,9 | 23.8% |
| EBitda | 293.7 | 316.8 | -7.3% | 61.9% | 8.6% | 564.0 | 5.0% |
| EBIT | 287.7 | 311,2 | -7.5% | 63.1% | 8.8% | 552.2 | 4.7% |
| JD net profit | 216.1 | 245.2 | -11.9% | 34.8% | 11.4% | 410.1 | -11.4% |
| EBITDA margin | 50.6% | 51.0% | -0.39 | 3.07 | 4.00 | 48.59% | -8.69 |
| EBIT margin | 49.6% | 49.9% | -0.36 | 3.34 | 3.97 | 47.57% | -8.68 |
| net margin | 37.2% | 39.3% | -2,12 | -4.77 | 3.79 | 35.33% | -14.06 |
*** Annual and quarterly forecasts for over 200 companies listed on the WSE are in the consensus database, available to subscribers on the PAP Biznes economic service. (PAP Biznes)
Gaw/ Gor/
