XTB outclasses the market consensus. An avalanche of new customers and huge profits

XTB estimates that the net profit in the first quarter of 2026 amounted to PLN 535 million compared to PLN 193.9 million profit a year earlier – the company reported in a press release. PAP Biznes consensus assumed a net profit of PLN 498 million.

Expectations regarding XTB's net profit in the first quarter ranged from PLN 420.6 million to PLN 651.2 million.

Estimated operating revenues amounted to PLN 1,094 million compared to PLN 580.3 million a year earlier. The consensus assumed revenues of PLN 1,010.1 million.

As reported, the most profitable asset class in the first quarter of 2026 were CFDs on commodities, which accounted for 88.5%. gross revenues from operations on financial instruments. In second place, with a share of 5.1 percent, were CFDs on currencies, including cryptocurrencies.

In turn, the estimated operating profit amounted to PLN 629.7 million compared to PLN 264.5 million a year earlier and compared to the consensus PLN 581.9 million.

The past quarter confirmed the validity of our development strategy. Recently, in October 2025, we indicated that our customer base has the potential to generate over PLN 500 million of net profit under favorable market conditions. This is what happened at the first opportunity – said Omar Arnaout, president of XTB, quoted in the press release.

“Therefore, despite a record quarter in the company's history, we do not rest on our laurels and consistently implement our strategy based on increasing the dynamics of acquiring new customers, strengthening the XTB brand as the first choice investment application in Europe and developing the product offer to meet the expectations of even the most demanding customers,” he added.

XTB announced that in the first quarter of 2026 acquired approx. 370 thousand new customers (+90.4% y/y)and the number of active customers increased by 72.4%. y/y to almost 1.27 million.

“I am very satisfied with the growing dynamics of customer acquisition. Despite the increasing scale of our activities, we still maintain appropriate cost discipline, and the cost of customer acquisition remains at a stable level. I am also pleased with the fact that XTB is gaining importance on key foreign markets for us, such as France and Germany,” said the president of XTB.

“I believe that the recently announced marketing projects, including cooperation with Paris La Défense Arena and sponsorship of the Basketball World Cup, will allow us to become even more visible in the minds of local investors,” he added.

As reported, in the first quarter of 2026, the company expanded trading in call and put options to additional markets – Spain and Germany. The Spanish market is particularly important, where the company has so far had limited promotional opportunities related to regulations regarding CFD contracts.

The company announced that work is also continuing to make cryptocurrency trading available on the spot market. The first market where this functionality will appear will be Cyprus – as planned in the first half of 2026.

Subsequently, this solution will be implemented in the LATAM region and other European markets, subject to obtaining the necessary regulatory approvals. The company emphasizes that it remains interested in obtaining the appropriate permit also in Poland, if such an opportunity arises.

gaw/ osh/