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  • 2025.07.31
    XTB ended H1 2025 with over 1.7 million clients worldwide, reflecting strong client growth and record operating income

    XTB reported preliminary financial results for the first half of 2025:

     

    • Strong momentum in acquiring new clients – adding 361,600 new users, which represents a 55.7% increase YoY.
    • LThe total number of clients has surpassed 1.7 million, marking a 53.0% growth compared to the same period last year.
    • The number of active clients reached a record high, increasing by 69.9% YoY to 853,900.
    • The increasing number of active clients and their heightened transaction activity have led to a record operating income of EUR 275.0 million (+26.4% YoY)
    • Net profit was EUR 97.2 million, compared to EUR 107.4 million last year. In line with expectations, operating expenses rose to EUR 144.2 million, primarily due to increased spending on online and offline marketing campaigns and higher labor costs associated with a growing workforce.


    XTB is thriving in its strategic development, evolving into an investment super app where clients’ money can work in multiple ways. By expanding its client base and actively attracting diverse groups of investors, it is not only enhancing accessibility to investment opportunities but also shaping the future landscape of investing.

    We dispelled the myth that the second quarter is inherently weaker than the others by expanding our client base and enhancing our global brand. The past half of the year has been busy as we launched new products aimed at empowering investors in Poland and France to embrace long-term investing, while also continuing our marketing campaigns and expanding our footprint in Hungary and Chile, comments Omar Arnaout, CEO of XTB. I am particularly pleased with the increase in new clients and their active investment activities. This trend indicates that we are effectively reaching new demographics seeking efficient ways to invest their money. The growing number of clients will serve as a solid foundation for our development in the coming years, and we will continue to prioritize this area, adds Arnaout.

    Revenue model and customer assets

    In the first half of 2025, contracts for difference (CFDs) based on indices accounted for 46.3% of revenue, up from 37.2% the previous year. This increase was driven by transactions linked to the US 100, German DAX (DE40), and US 500 indices. CFDs based on commodities contributed 33.1% of revenue, down from 48.2% in the first half of 2024, primarily due to the performance of gold, crude oil, natural gas, and coffee. CFDs based on currencies made up 15.6% of revenues, rising from 10.3% last year, with the EUR/USD pair and Bitcoin being the most profitable instruments in this category.

    In the first half of 2025, XTB clients were actively investing in shares and exchange-traded products (ETPs), including ETFs. Year-over-year, trading in these instruments surged by 118.6%, reaching a total of USD 8.8 billion.

    In the first half of the year, EU clients conducted over 21 million transactions involving shares, exchange-traded products (including ETFs), and investment plans. In comparison, the total number of transactions in these asset classes for the entire year of 2024 reached 27 million. Almost 80% of the initial transactions made by new XTB clients in H1 2025 also focused on these asset classes.
     
    Net deposits totaled EUR 1.7 billion, reflecting a significant 94% increase from the previous year, as clients capitalized on interest from their idle funds.
     
    At the close of the first half of 2025, XTB client assets totaled EUR 8.46 billion. Of this amount, approximately EUR 4.5 billion represented the nominal value of instruments held by clients in their accounts, including stocks and ETPs. Nearly EUR 1.1 billion consisted of client funds, while approximately EUR 2.9 billion was the nominal value of CFD instruments.

    Record new customer acquisition and their investment activity

    In H1 2025, XTB acquired a record of over 361 thousand new clients (+55.7% y/y). At the end of June 2025, a total of 1.7 million clients invested via the XTB app and web platform, compared to 1.1 million at the end of H1 2024. In turn, between July 1 and 30, 2025, another 61.9 thousand new investors joined XTB’s client base. The number of active customers also increased significantly, reaching a record level of 853.9 thousand, which means an increase of 69.9% year-on-year.

    Product portfolio and new features to boost account security

    In 2025, XTB aims to further expand its offerings for individuals looking to make their money work, both actively and passively. The company is pursuing the development of necessary legal documents and technological advancements to introduce options and cryptocurrency trading to its portfolio. The implementation of this year’s product plan depends on many external factors and is closely tied to the completion of the regulatory process related to the implementation of the MiCA regulation in Poland.
    In addition to ongoing product development, XTB is making significant investments in technological security, with the budget for the security department increasing by 48% over the past year. These investments focus on acquiring software, security services, and hiring specialists.

    We recognize that online fraud is a serious threat in today’s digital landscape, which is why we offer investors protective tools and actively participate in cybersecurity education, comments Omar Arnaout, CEO of XTB.

    To date, XTB has completed numerous initiatives aimed at enhancing account security, including strengthening two-factor authentication (2FA) by introducing an additional authentication method: Time-Based One-Time Passwords (TOTP). This involves generating one-time codes using apps such as Google Authenticator, Microsoft Authenticator, and Apple Passwords. Recently, the company also began the process of mandating 2FA for users across multiple countries.

    Expanding the global footprint

    XTB is solidifying its strong market position and rapidly expanding customer base by making significant strides into non-European markets. The company is consistently implementing its strategy to establish a global brand. With the recent acquisition of a securities agent license in Chile, XTB can now offer local clients access to European and U.S. shares, along with ETP funds. Additionally, the company is preparing a marketing campaign targeting clients in Indonesia to promote its diverse selection of stocks and ETFs.

  • 2025.07.25
    Results conference – preliminary data for H1 2025 (online meeting) – start on August 1, 2025, at 14:00

    The Management Board of XTB S.A., taking care of proper communication with the Company’s stakeholders invites you to a meeting for investors devoted to summarizing the preliminary financial and operating results of the XTB Group for the first half of 2025.

     

    The meeting will be held on August, 2025 at 14:00 CET in Polish in the online formula. Link to the event:

    https://ir.xtb.com/en/results-conference-preliminary-data-h1-2025/

     

     

  • 2025.07.25
    Results conference – preliminary data for H1 2025 (online meeting) – August 1, 2025, at 14:00
  • 2025.06.16
    Santander Poland Equity Conference 2025 – Warsaw – meeting with investors
  • 2025.06.05
    PKO by the Sea Conference 2025 – Sopot – meeting with investors
  • 2025.05.13
    Ordinary General Meeting of Shareholders
  • 2025.05.12
    Omar Arnaout on preliminary Q1 2025 results in an interview with Parkiet TV
  • 2025.05.09
    XTB dominates among Polish investors

    According to data from the National Depository for Securities, as of the end of April, XTB maintained 491,705 investment accounts, surpassing its competitors in the financial sector. This outstanding achievement has secured XTB’s position as domestic investors’ leading choice for investment accounts.

     

    In recent years, there has been a remarkable increase in interest in investing and the capital market in Poland. Since 2020, the growth rate of new brokerage accounts has significantly accelerated. This trend highlights that people in Poland are eager to put their money to work, leading to a rise in individual investments in financial markets. At the end of April, the total number of brokerage accounts in Poland had surpassed 2.1 million.

     

    For years, XTB has been dedicated to developing a comprehensive investment application that offers investors numerous opportunities to grow their assets. The results from the 2024 National Investor Survey suggest that XTB excels in several areas, including: high-quality service, a reliable and functional investment application, broad access to foreign markets, timely information and quotes, as well as a robust educational program.

  • 2025.05.07
    Broadcast of the Ordinary General Meeting of XTB convened on 14 May 2025
  • 2025.04.29
    XTB published Q1 2025 preliminary financial results. Record operating income and increased investor activity

    >> In the first quarter of 2025, XTB experienced significant growth, gaining over 194 thousand new investors, a 49.8% increase year-on-year. At the end of March 2025,XTB reached a total of 1.54 million customers.

     

    >> Active customers also hit a record 735,300, up 76.5% from 416,600 at the end of Q1
    2024.

     

    >> Consolidated revenues reached a record level of EUR 138.7 million, a 7.8% increase
    year-on-year.

     

    >> Net profit was EUR 46.3 million, compared to EUR 70.1 million last year. In line with expectations, operating costs rose to EUR 75.5 million.

     

    XTB successfully implements its development strategy, the priority of which is to expand its client base and reach new investor groups. The systematically growing number of active clients, combined with their increased transaction activity, translated into a record level of operating income, which amounted to EUR 138.7 m (+7,8% y-o-y) in Q1 2025. Consolidated net profit amounted to EUR 46.3 m (compared to EUR 70.1 m a year before) with the operating costs growing, as announced, at the level of EUR 75.5 m. The increased level of costs resulted mainly from higher expenditure on marketing campaigns, higher costs of salaries and employee benefits related to the increase in employment, and higher commission costs resulting from higher amounts paid to payment service providers through which clients deposit their funds in transaction accounts at XTB.

     

    The first quarter of 2025 was successful for XTB in terms of expanding our client base and strengthening our global brand, aligning well with the key goals of our development strategy. I am particularly pleased with the increase in new clients and their active investment activities. This indicates that we can effectively reach new client demographics who are more engaged in their investments during periods of market volatility. The growing number of clients serves as the foundation for our development in the coming years, and we will continue to prioritize this area” – comments Omar Arnaout, CEO of XTB.

     

    Revenue structure and customer assets

     

    Analyzing XTB’s Q1 2025 revenue by instrument classes, it is evident that CFDs based on indices garnered the largest share at 52.3%. This category particularly included the German DAX (DE40) stock index, as well as the American US 100 and US 500 indices. The second most profitable asset class was CFDs based on commodities, which included natural gas, gold, and coffee price quotations, accounting for 29.1% of total revenue (vs. 48.7% the previous year). CFDs based on currencies represented 13.5% of revenue (vs. 23.2% a year earlier). Within this class, the most profitable instruments were CFDs based on the EURUSD currency pair and cryptocurrencies such as Ripple and Bitcoin.

     

    In the first quarter of 2025, XTB clients were actively investing in shares and exchange-traded products (ETPs), including ETF funds. Trading in these instruments rose by 121.3% year-over-year, reaching USD 4.1 billion. In the EU markets, nearly 80% of the initial transactions conducted by new XTB clients involved shares and ETPs, along with investment plans based on these instruments. During this quarter, clients in the EU executed a total of 11 million transactions in these categories. Additionally, net deposits climbed to EUR 986.3 million, a 123.6% increase from the previous year, as clients took advantage of interest on free funds.

     

    At the close of the first quarter of 2025, XTB client assets totaled EUR 7.2 billion. Of this amount, approximately EUR 3.7 billion represented the nominal value of instruments held by clients in their accounts, including stocks and ETPs. Nearly EUR 1.0 billion consisted of client funds, while approximately EUR 2.5 billion was the nominal value of CFD instruments.

     

    Record new customer acquisition and their investment activity

     

    In Q1 2025, XTB acquired a record 194.3 thousand new clients (+49.8% y/y), which is in line with the quarterly target of 150-210 thousand new clients. At the end of March 2025, a total of 1.54 million clients used the XTB investment platform and mobile application, compared to 1.01 million at the end of Q1 2024. In turn, between April 1 and 28, 2025, another 56.4 thousand new investors joined XTB’s client base. The number of active customers also increased significantly, reaching a record level of 735.4 thousand, which means an increase of 76.5% year-on-year.

     

    Ambitious product pipeline and geographical expansion

     

    In 2025, XTB aims to further expand its offerings for individuals looking to make their money work, both actively and passively. In the first quarter, XTB launched a new long-term investment product: a PEA account in France. Additionally, investors in the UK can now transfer their ISA accounts to XTB. As previously announced, XTB is also preparing to introduce options and cryptocurrency trading to its portfolio. The implementation of this year’s product plan depends on many external factors, including obtaining the necessary regulatory approvals.

     

    While building a global brand, XTB is preparing to launch operations in Indonesia (planned for the first half of the year) and Brazil, where the process of obtaining the necessary licenses is underway. In turn, in Chile, XTB has already obtained a securities agent license, which allows it to offer clients shares and ETF funds. In the promising Middle East region, XTB has opened a second office in Dubai in recent weeks.

     

    We aim to make the XTB application the top choice for individuals looking to make their money work, both passively and actively. We understand the importance of not only offering a wide range of products but also providing an efficient onboarding process for new clients and effective support when they need it. We are technologically equipped to serve an increasing number of clients, including those in promising new markets like Latin America and Indonesia”summarizes Omar Arnaout.