The NAGA Group AG Reports Significant Growth Following Merger

The NAGA Group AG has released its 2024 half-year report, marking a successful period after merging with Key Way Group. The merger led to a doubling in registered users, deposits and trading volume. NAGA's revenue also doubled, reaching EUR 31.7 million, aligning with the company's strategy for profitability and efficiency. However, this is less compared to the pro-forma revenue of EUR 36 million in H1/2023.

The company's direct expenses reduced by 30%, and personnel expenses shrank by 18% while other operating costs decreased by 23%. Consequently, EBITDA rose by 85% to EUR 2.8 million, highlighting the effectiveness of cost optimization and post-merger integration. CEO Octavian Patrascu expressed optimism about continuing these positive trends into 2025.