NAGA Reverse Split Prepares the Fintech for Strategic Expansion

NAGA reverse split aims to elevate its share price, attract institutional investors, and strengthen overall market positioning. Global fintech provider NAGA Group will implement a 10-for-1 reverse stock split to lift its share price to levels more consistent with comparable firms and bolster its appeal to both institutional and international investors.

NAGA Reverse Split Aims to Align Share Price With Industry Peers

According to management, the share consolidation serves as a technical adjustment that enhances market perception and trading efficiency. CEO Octavian Patrascu noted that despite operational restructuring and stronger financial footing over the past two years, the company’s stock has not reflected these improvements.

“With the reverse stock split, we aim to place the share price in a range that is more comparable to our peers, support improved visibility among investors whose mandates restrict investments in low-priced stocks, and ensure a clearer basis for strategic initiatives,” Patrascu said.

The measure also makes NAGA’s stock more accessible to institutional investors whose investment rules prevent them from purchasing lower-priced shares.

Approved at the July 2025 Annual General Meeting, the reverse split will lower the firm’s share capital from €232.8 million to €23.3 million, in accordance with German corporate requirements.

The company will cut the total number of issued shares from roughly 232.8 million to 23.3 million. Notably, it will allocate the entire reduction to the capital reserve instead of applying it against accumulated losses.

The company said shareholders will see the updated positions reflected in their brokerage accounts from December 16, 2025. Custodian banks will manage the conversion and notify investors regarding any fractional shares resulting from the consolidation.

NAGA Continues Expanding Revenue in Early 2025

NAGA has been broadening its product portfolio, recently entering the increasingly competitive arena of fintech firms creating integrated “super apps” that combine banking, trading, and payments into a single platform.

The firm sustained moderate growth in the first half of 2025, reporting slight revenue increases alongside higher marketing investments aimed at scaling its user base for the unified financial app.

For the six months ending June 30, revenue reached €32.2 million, up 2% from €31.6 million the previous year. Net revenue advanced 3% to €28.9 million, and EBITDA rose 8% to €3.0 million, even with expanded marketing spending. These results follow the company’s 2024 performance, which saw €62 million in revenue and attainment of cash break-even.

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