Slide 1: Q1 2026 Financial Results
Q1 2026 Financial Results NAGA - NuWays Investor Presentation | April 2026
Slide 2: Agenda
Agenda 04 09 Financials What's Next 05 11 P&L Overview New Strategic Partnerships 06 12 Agenda Business KPIs AI Operating Model 07 13 Conclusions on Financials Conclusions & KPIs NAGA - NuWays 08 What We Executed
Slide 3: Q1 2026 Highlights
Page 03 Q1 2026 HIGHLIGHTS Revenues EBITDA €14.4M €2.3M Q1 2026 HIGHLIGHTS EBITDA Margin New FTDs 15.8% 4,903 Registered Users Trading Volume 87.5k €80.7B NAGA - NuWays Q1 2026 delivered a structural step-change in profitability while the client base and platform activity both strengthened meaningfu
Slide 4: Q1 2026 Financials at a Glance
Q1 2026 FINANCIALS AT A GLANCE Page 04 Margin expansion delivered. Cost discipline structural. Q1 2025 FY 2025 Q1 2026 Change FX CLARIFICATION EUR revenue − 11.9% translation effect only Revenue (€K) 16,347 62,358 14,406 -2.2% Q1 2026 FINANCIALS AT A GLANCE USD revenue −2.2% true organic picture EBI
Slide 5: P&L Overview - Q1 2026
P&L OVERVIEW - Q1 2026 Page 05 Q1 2026 Revenue (in kEUR) 14,406 Net Revenue: Deliberate risk changes Net Revenue 12,654 Execution costs up due to prudent risk management. Processing fee optimizations implemented in Q4 will impact 2026. Marketing & branding (5,750) Employee Expenses (3,025) Technolog
Slide 6: Operational KPIs - Sequential Improvement
OPERATIONAL KPIs - SEQUENTIAL IMPROVEMENT Page 06 The business is gaining momentum. +16.6% New FTDs +13.3% Net Deposits +12.8% Active Users +21% Trading Volume OPERATIONAL KPIs - SEQUENTIAL IMPROVEMENT -25% Less withdrawals Why this matters Q1 2026 run-rate is not a one-off — it is the new baseline.
Slide 7: Q1 Validates the Growth Engine
Q1 VALIDATES THE GROWTH ENGINE Page 07 Margins expanded because the growth engine is working - not in spite of it. PRODUCT UPGRADES OPERATING LEVERAGE PROVEN Behavior change in the data Margins step-change -25% Withdrawals (5-Q low) 6.EBITDA 1% margin → 15.8% YoY Q1 VALIDATES THE GROWTH ENGINE +12.8
Slide 8: Product Wins Already Moving Numbers
PRODUCT WINS ALREADY MOVING NUMBERS Page 08 Three product bets shipped in Q1 - all already in the KPIs ONE AI-FIRST NAGA Portal TRADING APP MARKETING PRODUCT WINS ALREADY MOVING NUMBERS B2B2 C Scale Engine Platform unification: Closed-Loop Campaign NAGA + CAPEX Engine Result Result Result One produc
Slide 9: Product Roadmap - The Next Growth Wave
PRODUCT ROADMAP - THE NEXT GROWTH WAVE Page 09 Q1 was the first wave. The next wave is already in build. Coming Q2 - Q4 2026 PRODUCT ROADMAP - THE NEXT GROWTH WAVE New financial Continuous Social trading 2.0 instruments trading app upgrades A whole new experience - Revenue diversification, Conversio
Slide 10: Sustained expansion into B2B2C
Sustained expansion into B2B2C Page 10 The platform is ready. The portal is live. The next growth layer is active now. The B2C Engine B2B2C Proven and profitable Now layered The non-linear multiplier with a new acquisition and Internal performance marketing distribution channel that scales Retail Pa
Slide 11: New strategic partnerships
New strategic partnerships Page 11 New B2B2C lines already in motion - each one moves ARPU up and CAC down, on the same cost base. SIGNED IN PIPELINE A signed HNI-focused retail Two marketplaces, 250k+ MAU each partnership New strategic partnerships Advanced discussions with two independent marketpl
Slide 12: AI - Better Product × Scaling Engine
AI - BETTER PRODUCT × SCALING ENGINE Page 12 AI shows up twice in our P&L - as a better product (top line) and as operating leverage (bottom line). PILLAR A PILLAR B AI in the Product · GROWTH AI in the Operating Model · LEVERAGE AI - BETTER PRODUCT × SCALING ENGINE Personalized client experience Pa
Slide 13: Conclusions
CONCLUSIONS Page 13 We are agile. We are faster. We compound daily and we are now growing on multiple engines. 3 1 2 4 5 CONCLUSIONS AI as a growth Distribution Product moving multiplier First profitable 20 6 2 roadma p engine activated the KPIs Q1 ever shipping Better product + scaling HNI partner
Slide 14: Q&A session
EVERYTHING MONEY Q&A session
Slide 15: 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 16: Thank you
Thank you for your attention! Octavian Patrascu - Group CEO tavi@naga.com