Naga Group Ag · XETR:N4G0
Naga — H1 2026 Earnings Presentation
15 slides from Naga's earnings presentation, August 2026
Slide 1: H1 2026 Financial Results
H1 2026 Financial Results Capital Markets Presentation | August 2026 NAGA - NuWays NAGA Group AG / XETRA: N4G
Slide 2: Agenda
Agenda 03 09 Performance Artificial Intelligence H1 at a Glance What It Does Today — The AI Wave 04 - 05 10 - 12 Financials Capital Markets & Outlook Full P&L — Margin Register — Guidance — Conclusions Agenda 06 Operating KPIs Acquisition, Regions and Channels 07 - 08 NAGA - NuWays Execution Product
Slide 3: First Profitable H1
FIRST PROFITABLE H1 Page 03 Two consecutive quarters of double-digit EBITDA margin, on a cost base rebuilt from the ground up. H1 2026 HIGHLIGHTS * Net Profit EBITDA EBITDA Margin Revenue €917K €4.4M 15.9% €27,7 M first profitable H1 + 47% vs H1 2025 + 6.6pp vs H1 2025 – 14% vs H1 2025 €1.41M FX Adj
Slide 4: The P&L, Line by Line
THE P&L, LINE BY LINE Page 04 Reported and at constant currency, with the explanation for each material movement. H1 2026 Revenue – 14% reported, – 12% FX Adj H1 2025 H1 2026 Δ Preliminary FX Δ FX Adj ** (in kEUR) Preliminary* Adj ** A deliberate trade-off between scale and client quality - marketin
Slide 5: Where the Margin Came From
WHERE THE MARGIN CAME FROM Page 05 EBITDA margin went 9.3% to 15.9%, and 17.1% at constant currency. This is the arithmetic behind it. H1 2025 H1 2026 Δ H1 2026 Δ (FX (in kEUR) Prelim* (FX Adj**) Adj**) Contri ution to the + 6.6PP margin e pansion b x Revenue 32,317 27,668 – 14% 28,582 – 12% Marketi
Slide 6: KPI Overview - More Value per Client
KPI OVERVIEW - MORE VALUE PER CLIENT Page 06 Fewer clients, acquired on a smaller budget, each one depositing and trading more. FROM FEWER CLIENTS TO HIGHER CLIENT VALUE, H1 2026 AGAINST H1 2025 Client Lifetime Value Volume Per Trade Net Deposits Funded Clients €2,757 €33.5K +39% Q2 to Q1 10,036 + 3
Slide 7: Product: What Shipped, What's Next
Page 07 PRODUCT: WHAT SHIPPED, WHAT'S NEXT Every launch tied to one of three levers — acquisition, conversion, or lifetime value. LAUNCHED IN H1 2026 NAGA Partner Portal - joinNAGA.com Upgraded NAGA App One platform for affiliates, influencers and introducing brokers, with Redesigned dashboard on we
Slide 8: Marketing Engine
MARKETING ENGINE Page 08 AI-built funnels, automation carrying conversion and retention, and four launches that lift engagement in H2. MARKETING KPIS · H1 2026 CLV Internal Channel ROI Conversion Rate Registrations FTDS €2,757 6.7x 6.4% ~160K 10,036 + 32% held + 2% – 37% – 35% H1 2025 €2,083 2025 6.
Slide 9: AI Is Our Wave
AI IS OUR WAVE Page 09 Every wave that built a large broker was a volatility event. AI is to NAGA now what each of those was to the market. Adoption of mobile The Retail The pandemic All-in-one apps AI trading apps Crypto Hype stock trading 2013–17 2017–21 2019–21 2020–22 2023–26 next Each wave rewa
Slide 10: Capital Markets
CAPITAL MARKETS Page 10 Trading in the N4G0 share across five German venues · 2 Jan – 30 Jun 2026 · 128 trading days · Bloomberg / market-maker data 01 WEEKLY VOLUME ('000 SHARES, ALL VENUES) VS SHARE PRICE (€, WEEK-END CLOSE) Volume ('000 shares) Share price (€, right axis) 4.1M 1500 €5,00 shares t
Slide 11: FY 2026 Guidance Maintained
FY 2026 GUIDANCE Maintained Page 11 D elivered in H 1, and three things carry the second half. 01 02 0 -20% 3 +39% €6.36M OpEx run rate FY 2026 GUIDANCE Maintained NET DEPOSITS, Q2 VS Q1 JUNE EXIT RATE COST DISCIPLINE, ANNUALIZED Net deposits rose in every month of H1, with June was H1's strongest m
Slide 12: Conclusions
CONCLUSIONS Page 12 Artificial intelligence, a structurally higher margin, volatility — and a regulatory unlock that opens the next phase. AI as a force multiplier EBITDA margin stepped Built for the next volatility Profitability is proven up, and held cycle CONCLUSIONS 200+ employees using AI daily
Slide 13: Q&A session
Q&A session Q&A session H1 2026 Financial Results · Capital Markets Presentation NAGA - NuWays
Slide 14: Disclaimer
DISCLAIMER The information and numbers included in this presentation are proprietary and are not to be distributed or shared without any prior consent as they are not binding nor guaranteed. They do not constitute investment advice or a profit promise and have been prepared solely for the attention
Slide 15: Thank you
Thank you for your attention! Octavian Patrascu - Group CEO tavi@naga.com