Slides
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Results for H1 2026 August 28, 2026
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2XTB – Where your money works Agenda Financial data Operational data Market environment3. 2. 1.
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3XTB – Where your money works Selected consolidated financial data H1 2024 H1 2025 PLN ’000 2Q 2026 1Q 2026 change H1 2026 H1 2025 change Result of operations on net financial instrument 958 876 1 065 748 -10,0% 2 024 371 1 116 658 81,3% Net interest income on client cash 25 781 20 197 27,6% 45 978 34 713 32,5% Commission and fee income and other income 7 901 8 073 -2,1% 15 975 9 520 67,8% Total operating income 992 558 1 094 018 -9,3% 2 086 324 1 160 891 79,7% Marketing (200 081) (235 429) -15,0% (435 510) (264 356) 64,7% Salaries and employee benefits (124 907) (122 057) 2,3% (246 964) (192 700) 28,2% Other external services (38 298) (32 563) 17,6% (70 861) (62 007) 14,3% Commission expenses (28 651) (27 816) 3,0% (56 214) (57 266) -1,8% Other expenses (28 059) (46 444) -39,6% (74 503) (32 399) 130,0% Total operating expenses (419 996) (464 309) -9,5% (884 053) (608 728) 45,2% Profit on operating activities (EBIT) 572 562 629 709 -9,1% 1 202 271 552 163 117,7% Finance income 22 705 30 999 -26,8% 53 704 28 267 90,0% Finance costs (310) (297) 4,4% (607) (85 087) -99,3% Profit before tax 594 957 660 411 -9,9% 1 255 368 495 343 153,4% Income tax (102 759) (125 369) -18,0% (228 128) (85 291) 167,5% Net profit 492 198 535 042 -8,0% 1 027 240 410 052 150,5% 1 161 2 086 Total operating income (PLN M) +79.7% 552 1 202 Operating profit (PLN M) +117.7% 410 1 027 Net profit (PLN M) +150.5%
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4XTB – Where your money works Total operating income (PLN M) Profitability per lot (in PLN)Transaction volume in CFD instrument in lots (in thousand) 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 3Q 2024 Total operating income (in PLN’000) 992 558 1 094 018 609 344 375 821 580 597 580 294 465 416 470 234 Transaction volume in CFD instruments in nominal value (in USD M) 1 029 179 1 333 410 1 605 005 1 118 278 1 144 554 937 867 727 854 695 315 Profitability for USD 1 million transaction volume in CFD instruments in nominal value (in USD)1 238 216 93 84 128 144 147 167 Transaction volume in CFD instrument in lots2 1 831 627 2 323 204 2 542 526 2 094 296 2 321 584 1 907 974 1 657 390 1 627 978 Profitability per lot (in PLN)3 484 439 208 152 229 277 253 272 1)Net result from operations on financial instruments generated on CFD instruments, excluding CFDs on shares and ETFs, translated into USD using the arithmetic average of the NBP average exchange rates applicable on the last day of each month of the reporting period, divided by the turnover in CFD instruments, excluding CFDs on shares and ETFs, expressed at nominal value (USD million). 2)A lot is a trading unit for transactions in financial instruments. The lot size differs for individual financial instruments. In the case of transactions in currency-based CFD instruments, including cryptocurrencies, one lot corresponds to 100,000 units of the base currency. In other cases, the lot value is specified in the instrument specification table, which is available here. The presented value excludes turnover in CFDs on shares and ETFs, for which 1 lot equals 1 share. In connection with the standardization of the definition of a lot for cryptocurrency-based CFD instruments with the definition applied to currency-based CFD instruments, where 1 lot equals 100,000 units of the base currency, the comparative period data have been adjusted accordingly. 3) Net result from operations on financial instruments generated on CFD instruments, excluding CFDs on shares and ETFs, divided by the turnover in CFD derivative instruments expressed in lots, excluding CFDs on shares and ETFs. Consolidated operating income and operational results on a quarterly basis 272 253 277 229 152 208 439 484 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 470 465 580 581 376 610 1 094 993 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1 628 1 657 1 908 2 321 2 094 2 543 2 323 1 832 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
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5XTB – Where your money works Net gain on transactions in financial instruments by classes PLN ’000 2Q 2026 1Q 2026 change H1 2026 H1 2025 change CFD instruments 916 815 1 065 599 -14,0% 1 982 414 1 112 043 78,3% Other instruments 57 797 25 143 129,9% 82 940 36 128 129,6% Gross result from operations on financial instruments 974 612 1 090 742 -10,6% 2 065 371 1 148 171 79,9% Bonuses and discounts paid to clients (4 858) (6 951) -30,1% (11 809) (8 260) 43,0% Commission paid to cooperating brokers (10 878) (18 043) -39,7% (28 921) (23 253) 24,4% Net result from operations on financial instruments 958 876 1 065 748 -10,0% 2 024 624 1 116 658 81,3% Interest income on clients’ cash 25 781 20 197 27,6% 45 978 34 713 32,5% Commission and fee income 7 901 8 073 -2,1% 15 975 9 520 67,8% Structure of gross result from operations on financial instruments (%) 13.9% 5.0% 75.3% 5.8% H1 2026 Index CFDs Currency CFDs Commodity CFDs Other 46.3% 15.6% 33.1% 5.0% H1 2025
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6XTB – Where your money works PLN ’000 2Q 2026 1Q 2026 Zmiana H1 2026 H1 2025 Zmiana Marketing 200 081 235 429 -15,0% 435 510 264 356 64,7% Salaries and employee benefits 124 907 122 057 2,3% 246 964 192 700 28,2% Other external services 38 298 32 563 17,6% 70 861 62 007 14,3% Other costs 13 209 31 710 -58,3% 44 920 8 497 428,7% Commission expenses 28 651 27 816 3,0% 56 214 57 266 -1,4% Depreciation 6 842 6 884 -0,6% 13 726 11 844 15,9% Taxes and fees 5 540 5 534 0,1% 11 074 6 621 67,3% Cost of maintenance and lease of buildings 2 468 2 316 6,6% 4 784 5 437 -12,0% Total operating expenses 419 996 464 309 -9,5% 884 053 608 728 45,3% Operating expenses of XTB Group by type Group's operating expenses H1 2026 vs H1 2025 (in thousand PLN) Structure of the Group's operating expenses in H1 2026 264 356 192 700 435 510 246 964 Marketing Salaries and employee benefits H1 2025 H1 2026 49% 28% 6% 8% 9% Marketing Salaries and employee benefits Commission costs Other external services Other costs
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7XTB – Where your money works PLN ’000 30.06.2026 31.12.2025 change Own cash 2 934 090 1 994 027 47,1% Bonds - - - Own cash + bonds 2 934 090 1 994 027 47,1% Cash structure 100% 30.06.2025 Own cash Bonds 100% 31.12.2024 Dividend for 2025 Value per share Total value Percentage of standalone net profit Record Date Dividend Payment Date PLN 4.07 PLN 478.5 M 75% 15.06.2026 24.06.2026 Own cash 1.5 4.86 5.02 5.45 4.07 2021 2022 2023 2024 2025 Dividend per share for the given year (PLN)
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8XTB – Where your money works Agenda Financial data Operational data Market environment3. 2. 1.
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9XTB – Where your money works 2Q 2026 1Q 2026 change H1 2026 H1 2025 change Total operating expenses (in thousand PLN), including: 419 996 464 309 -9,5% 884 053 608 728 45,3% - Marketing 200 081 235 429 -15,0% 435 510 264 356 64,7% New clients 333 292 370 041 -9,9% 703 333 361 643 94,5% Number of active clients1 1 415 129 1 267 467 11,7% 1 489 872 853 938 74,5% Clients in total 2 825 700 2 513 989 12,4% 2 825 700 1 697 894 66,4% Net deposits (in thousand PLN)2 5 888 768 5 880 056 0,1% 11 768 823 7 240 875 62,5% Average operating revenue per active client (in thousand PLN)3 0,7 0,9 -22,2% 1,4 1,4 - Average client acquisition cost (in thousand PLN)4 0,6 0,6 - 0,6 0,7 -14,3% Turnover of CFD instruments in lots 1 831 627 2 323 204 -21,2% 4 154 831 4 229 558 -1,8% 361 643 853 938 New clients Active clients H1 2025 H1 2026 7 240 256 4 229 558 11 768 823 4 154 831 Net deposits (in thousand PLN) CFDs turnover (in lots) H1 2025 H1 2026 +62.5% -1.8% +94.5% +74.5% KPIs and marketing costs vs new clients 1) The number of clients who, during the period: (i) executed at least one transaction, and/or (ii) held an open position, and/or (iii) held uninvested funds on their account subject to interest. 2) Net deposits represent funds deposited by clients directly into investment accounts and funds transferred from the XTB Card account to investment accounts, less funds withdrawn from investment accounts during the given period. 3) The Group's operating revenues in the given period divided by the number of active clients in the given quarter 4) Average Client Acquisition Cost (CAC) is defined as total marketing expenses incurred in a given quarter divided by the number of new clients acquired in the same period. 71 613 116 855 141 034 123 322 141 495 179 195 235 429 200 081 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Marketing expenses vs. client acquisition cost (PLN ’000) 0,6 0,7 0,7 0,7 0,7 0,7 0,9 0,7
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10XTB – Where your money works Product roadmap In progress Planned Completed Cryptoassets Options Expansion of the pension account offering in other European countries OKI account for clients in Poland Cash ISA account for clients in the UK Long-term investment products Margin trading – trading using financial laverage Investment Plans 2.0 Extended trading hours
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11XTB – Where your money works Cash ISA (the United Kingdom) – Introduced in Q1 2026, a tax-advantaged savings product launched for UK residents. It offers fully flexible tax-free interest compounding (with an annual contribution limit of £20,000) along with the option to withdraw and re-deposit funds without losing the allowance. It guarantees fee-free transactions and FSCS protection up to £120,000. Spot Crypto Trading (Cyprus and Chile) – The launch of spot crypto trading in H1 2026 for clients in Cyprus, based on a CySEC license and MiCA regulatory standards. Shortly after the end of the half-year, the service was successfully expanded to the Chilean market, providing investors access to 46 of the most popular cryptocurrencies. Extended Trading Hours in Europe – The introduction (shortly after the end of H1) of extended trading hours for nearly 1,000 key European stocks and ETFs. Investors gained the ability to execute trades from 7:30 AM to 10:00 PM, enabling an immediate reaction to corporate earnings disclosures. AI module for analyzing media sentiment surrounding the most popular stocks, ETFs, and CFD instruments. Self-selection and closing of individual stock/ETF positions was also implemented as a long- awaited client feature (offered as an alternative to the automatic FIFO rule). Full access to and management of IKE and IKZE retirement accounts directly from desktop computers was rolled out—a feature highly anticipated by investors. Activities in H1 2026 Products XTB Mobile App
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12XTB – Where your money works Obtaining additional regulatory licenses in the United Arab Emirates. Expanding the Group's geographical footprint through the official incorporation of XTB Lithuania, UAB based in Vilnius (June 1, 2026). Development of the Chilean subsidiary: obtaining a securities agent license. International expansion Marketing ▪ Global Partnership with FIBA Signing a global agreement with the International Basketball Federation (FIBA). XTB became an official sponsor of both the men's and women's World Cups (including coverage during finals and qualifiers) and the title sponsor of the European Qualifiers for the Men's World Cup. ▪ Partnership with SSC Napoli XTB's first-ever partnership with a football club from Europe's "Top 5" leagues (Italian Serie A). The agreement, running through the end of the 2026/2027 season, aims to strongly drive new customer acquisition in the rapidly growing Italian market. ▪ Tennis Player Sponsorships at Roland Garros and Wimbledon Featuring the XTB logo on the apparel of top male and female players during two Grand Slam tournaments. Activities in H1 2026
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13XTB – Where your money works Agenda Financial data Operational data Market environment3. 2. 1.
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14XTB – Where your money works Client Assets XTB client assets in PLN million at the end of the period
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15XTB – Where your money works Financial instruments TOP 10 most profitable instruments by turnover in H1 2026TOP 10 ETF funds by turnover in H1 2026 TOP 10 CFD instruments by turnover in H1 2026TOP 10 stocks by turnover in H1 2026 Stocks, ETFs, CFDs: percentage share of the 10 most popular instruments by asset class in H1 2026 Percentage share of the top 10 most profitable financial instruments in gross gain/loss on financial instruments in H1 2026
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16XTB – Where your money works % share of CFDs turnover in nominal value by trading platform CFD trading volume by trading platform 38% 36% 37% 35% 27% 29% 29% 30% 57% 56% 56% 59% 62% 64% 60% 61% 8% 9% 7% 6% 11% 7% 11% 9% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 xStation xStation Mobile MT4
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17XTB – Where your money works Disclaimer Neither this presentation (the “Presentation”) nor any copy of it nor the information contained herein is being issued or may be distributed directly or indirectly to or into the United States, Canada, Australia or Japan. By attending this meeting where this Presentation is being made, or by reading the Presentation slides, you agree to be bound by the following limitations. The following applies to the Presentation, the oral presentation of the information in the Presentation by the Company or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively referred to as the “Presentation”). The Presentation has been prepared by XTB S.A. with its registered office in Warsaw (the “Company”) solely for use at the investor presentation being given in connection with the publication of the Report for H1 2026. The Presentation does not constitute or form a part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any member of its group (the ”Group”), nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its Group, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The Presentation does not constitute a recommendation or investment advice regarding any securities of the Company or its Group. The information contained in the Presentation does not purport to be comprehensive and has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained in the Presentation. The information, opinions and forward-looking statements contained in the Presentation speak only as at the date of the Presentation and are subject to change without notice. The Company is under no obligation to update or keep current the information contained in the Presentation. To the extent permitted under the applicable provisions of law the Company shall have no liability whatsoever (in negligence or otherwise) for any loss however arising from any use of the Presentation or its contents or otherwise arising in connection with the Presentation. The Presentation contains certain statistical and market information. Such market information has been sourced from and/or calculated based on data provided by third-party sources identified in the Presentation or by the Company, if not attributed exclusively to third-party sources. Because such market information has been prepared in part based upon estimates, assessments, adjustments and judgments that are based on the Company’s or third-party sources’ experience and familiarity with the sector in which the Company operates and has not been verified by an independent third party, such market information is to a certain degree subjective. While it is believed that such estimates, assessments, adjustments and judgments are reasonable and that the market information was prepared appropriately to reflect the sector and the market in which the Company operates, there is no assurance that such estimates, assessments, adjustments and judgments are the most appropriate for making determinations relating to market information or that market information prepared by other sources will not differ materially from the market information included herein. Matters discussed in the Presentation may constitute forward-looking statements. Forward-looking statements are those other than statements of historical facts. Statements that include the words “expect”, “intend”, “plans”, “believe”, “project”, “anticipate”, “will”, “target”, “aim”, “may”, “would”, “could”, “continue” and similar statements of a future or forward-looking nature indicate such forward-looking statements. Forward-looking statements may include statements regarding financial performance, business strategy, plans and objectives of the Company for future operations (including development plans relating to the Company). All forward-looking statements included in the Presentation address matters that involve known and unknown risks, uncertainties and other factors that could cause the Company’s and/or the Group’s actual results, performance or achievements to differ materially from those indicated in these forward-looking statements and from past results, performance or achievements of the Company and/or the Group, respectively. Such forward-looking statements are based upon various assumptions of future events, including numerous assumptions regarding the Company’s and/or the Group’s present and future business strategies and future operating environment. Although the Company believes that these estimates and assumptions are reasonable, they may prove to be incorrect. The Company and its respective agents, employees or advisors do not intend to, and expressly disclaim any duty, undertaking or obligation to make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in the Presentation to reflect any change in events, conditions or circumstances. The Presentation and any materials distributed in connection with the Presentation are not directed to, nor are they intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or applicable regulations or that would require any authorisation, registration, notification or licensing within such jurisdiction. Persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
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