XTB Reports H1 2024 Results: Record Revenues, Net Profit Up 10% YoY

Poland-based Retail FX and CFDs broker XTB has unveiled its preliminary financial and operating performance for the first half of 2024 (H1 2024), achieving record results driven by dynamic operational growth, combined with favorable market conditions. 

In the first half of 2024, XTB’s revenues reached a record level of PLN 938.1 million, an increase of 12.9% year-on-year (YoY). Net profit increased by 10% to PLN 463.0 million. The client base expanded significantly, with 232,300 new clients acquired in H1 2024, an increase of 38.9% YoY, while the number of active clients increased by 50.5% from 3,075,000 to 4,628,000.

XTB's CFD trading volume for H1 2024 reached 3,931,049 lots, an increase of 8.7% YoY, mainly due to the high trading activity of its clients. Profitability per lot amounted to PLN 239.

Source: XTB

Operating expenses in the first half of 2024 amounted to PLN 410.4 million, PLN 68.8 million higher than in the same period of the previous year (H1 2023: PLN 341,6 million).