XTB Q2 Profit Rise Despite Flat Revenue and Falling Deposits

XTB reports 11% Q2 profit rise despite flat revenue and falling deposits, supported by reduced marketing and operational costs. Polish retail brokerage XTB reported Q2 2025 revenue of PLN 580 million (USD 150.8 million), staying consistent with the previous quarter. Despite stagnant income, pre-tax profits rose 11.2 percent to PLN 260.7 million (USD 67.8 million).

XTB Q2 Profit Rise Even as Net Deposits Decline

Post-tax, the broker recorded a net profit of PLN 216.1 million (USD 56.2 million), based on preliminary financial figures.

While top-line growth was absent, XTB effectively reduced its spending to PLN 292.9 million (USD 76.2 million), marking a 7.2 percent drop from the prior quarter. Marketing expenditure came in at PLN 123 million (USD 32.0 million), about 13 percent lower, although the broker sustained its online and offline campaigns across Europe.

During the quarter, XTB attracted 167,339 new clients, pushing its total client base past 1.7 million. Active user numbers surged to over 812K by quarter’s end, up from 735K previously.
However, net deposits declined to PLN 3.1 billion (USD 806 million), down from Q1’s PLN 4.1 billion (USD 1.1 billion).

Expanding into Crypto and Options

XTB confirmed plans to broaden its product suite with the addition of physical cryptocurrencies and options. It currently offers cryptocurrency CFDs.

To enable its crypto launch, XTB is pursuing an MiCA licence and is “working on both drafting the necessary legal documents and making technological changes” to its systems. For options, it awaits approval from the FSA on its pricing model.

The brokerage is also ramping up its global presence. It recently introduced equities and ETFs in Indonesia and intends to launch CFDs in the market by late 2025 or 2026. The move follows its acquisition of a local broker in the country last year.

Furthermore, XTB is pursuing a licence in Brazil, expected to finalize in 2025, after securing its inaugural Latin American regulatory approval from Chile earlier this year.

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