The Naga Group Unveils 2024 Half-Year Report Post Key Way Merger

• The NAGA Group AG published its 2024 half-year report following the merger with Key Way Group, resulting in significant growth.
• The merger approximately doubled registered users, total deposits, and trading volume for NAGA.
• NAGA's reported revenue for the first half of 2024 was EUR 31.7 million, reflecting a doubling due to the merger.
• Direct expenses decreased by 30%, personnel expenses by 18%, and other operating expenses by 23%, contributing to an 85% increase in EBITDA to EUR 2.8 million.
• CEO Octavian Patrascu noted that the first operational synergies from the merger are already benefiting the company, with more expected in 2025.
• NAGA aims to provide a unified financial SuperApp, combining social trading, stock and crypto investing, and neo banking, operating in over 100 countries.

The next important date, Publication of semi-annual financial statements, at The Naga Group is on 31.10.2024.

The price of The Naga Group at the time of the news was 0,8760EUR and was down -0,79 % compared with the previous day.
2 minutes after the article was published, the price was 0,8460EUR this corresponds to a minus of -3,42 % since publication.

The Naga Group

-12,83 %

-24,67 %

-23,40 %

-35,92 %

-52,90 %

-92,14 %

-60,09 %

-84,60 %

ISIN:DE000A161NR7WKN:A161NR

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