XTB Reports Strong 2024 Growth, Q4 Slower

XTB reports preliminary results for Q4 and 2024, showing mixed performance in the final quarter but strong growth overall. Despite a solid third quarter, revenue and profit slightly dipped in Q4. Nonetheless, 2024 was a year of impressive growth for the company.

XTB’s revenues for Q4 were PLN 465 million (USD 116 million), a minor 1% decrease from the third quarter’s $118 million. Net profit fell 6% to PLN 193 million ($48 million) compared to $51 million in Q3. Looking at the whole year, however, XTB posted impressive figures, with total revenues of PLN 1,873 million ($468 million) and net profit reaching PLN 859 million ($215 million), showing significant improvement from the previous year. 

The company’s average monthly trading volume increased by 4% to $242 billion in Q4, up from $232 billion in Q3. In 2024, the average monthly volume stood at $219 billion. One of XTB’s key achievements in 2024 was a record number of new clients. 

XTB Reports Strong 2024 Growth, Q4 Slower

The company gained 498,438 new clients, a 59.8% year-over-year increase, and the number of active clients rose by 61.2%, from 408,528 to 658,520. Regarding revenue composition, CFDs based on commodities, particularly gold, natural gas, and cocoa, were the most profitable, accounting for 48% of the company’s total revenue. 

This was a notable increase from 2023, where commodities represented 39.9% of revenue. Operating expenses for 2024 were higher, amounting to PLN 883.5 million, up from PLN 694.2 million in 2023. The increase was mainly driven by higher marketing, employee, and commission costs. 

The company estimates operating expenses in 2025 could rise by up to 40%, primarily due to an expected 80% increase in marketing spending as XTB focuses on expanding its client base. For 2025, XTB plans to broaden its offering by introducing new long-term investment products, including retirement accounts in Poland and France, and expanding its eWallet service. The company also explores opportunities in cryptocurrency trading and options as it adapts to regulatory changes. 

XTB’s Management Board highlighted that the company’s success in 2024 was due to its ability to tap into global market trends, particularly around alternative investments and mobile-driven financial services. This strategy has helped the company achieve record financial and operational results, marking a strong end to a year of solid growth.

Getting to Know the Stock Broker 

• XTB is a top global brokerage for Forex and CFDs. 
• The FCA and KNF regulate it. 
• Known for reliability and excellent customer support. 
• Also, it offers extensive educational resources and research. 

Also, Check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level!