NAGA Group’s audited figures show a 12% increase in 2025 EBITDA to EUR 3.7 million, up from the preliminary EUR 3.3 million reported in February.
Audited revenue reached EUR 62.4 million, slightly below the prior year’s EUR 63.2 million, though FX adjustments brought it to EUR 65.4 million.
NAGA Is Profitable
The company closed its first profitable quarter in Q1 2026, reporting a net profit of half a million euros and an EBITDA of EUR 2.3 million, with margins improving to 15.8% from 6.1% year-over-year.
Octavian Patrascu, CEO of The NAGA Group AG; Source: LinkedIn
CEOs highlighted that the 2025 results confirm the completion of a key transformation phase, with 2026 startups showing strong financial performance.
NAGA also secured a MiCA licence, reinforcing its crypto expansion across Europe.
A Leaner Model
The integration with CAPEX Group completed in 2025, streamlining operations and reducing costs while maintaining investments in growth.
This restructuring has made NAGA “a leaner, more efficient, and scalable business model,” according to Patrascu.
Marketing spend rose 15.6%, correlating with a 37.5% increase in new funded accounts and a 16.5% reduction in customer acquisition costs.
NAGA is advancing its super app strategy under the Naga One brand, aligning with broader industry trends as CMC and IG also explore similar multi-feature platforms.
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