The Naga Group AG's Positive Turnaround in H1 2026

The Naga Group AG reported its first profitable half, showcasing a major shift in the company's financial health. Preliminary results for the first half of 2026 indicate a positive net profit of €0.9 million, a significant turnaround from the €2.6 million loss recorded in H1 2025. The company's EBITDA rose by 47% year-on-year to €4.4 million, supported by a streamlined cost structure.

While marketing expenditures were reduced by 25%, leading to a 35% drop in funded clients, the lifetime value of acquired clients has increased by 32%. This efficient client acquisition strategy helped keep net deposits steady year-on-year and boosted them by 39% quarter-on-quarter in Q2.

The company's revenue sources have diversified, with internal channels comprising 53% of sales. Geographically, Naga's revenue is distributed across Europe, the GCC, and Latin America. Aided by these strategic moves, Naga maintains its full-year guidance between €68-75 million in sales and €10-15 million in EBITDA.