NAGA adjusts up reported 2025 EBITDA by 12% to €3.7 million

▤ Summary

NAGA reported audited 2025 results and increased adjusted EBITDA to €3.7 million, up 12% from the preliminary figure. Revenue came in at €62.4 million, while FX-adjusted revenue rose 3.5% to €65.4 million. The company completed the integration of CAPEX, lowered its cost base, and increased new funded accounts by 37.5% while cutting acquisition costs by 16.5%. NAGA also expanded its use of AI across marketing, customer support, and internal workflows and secured MiCA authorization for its European crypto-asset activities.

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