Revenue distribution by industry:

• Financial services: 100%

TOP 3 markets:

• Poland: 35%
• Spain: 25%
• Germany: 20%

XTB S.A. is a leading provider of financial services, especially in the online trading of financial instruments such as CFDs, forex, and stocks. The company's entire revenue comes from these financial services.

Poland is XTB's largest market, attributed to the company's headquarters and strong local presence. Spain and Germany follow as important markets, with XTB gaining significant market share in these countries through targeted marketing strategies and the expansion of digital platforms.

Production Sites: No physical products

XTB S.A. is a financial services company that primarily offers online trading services. It is a broker that enables trading in financial instruments such as Forex, CFDs, stocks, and other derivatives. Since XTB does not produce physical products, there are no production sites in the traditional sense.

The company focuses on providing trading platforms and financial services offered through digital channels. The main activities include the development and maintenance of software solutions and the provision of customer services managed from various locations worldwide.

Revenue growth: 18.5% (2025)
Profit growth: 20.1% (2025)

XTB S.A. pursues a growth strategy based on geographical expansion and diversification of its product range. In recent years, the company has increasingly invested in new markets, especially in Asia and Latin America, to expand its global presence.

Another focus is on technological innovation. XTB continuously invests in improving its trading platforms and introducing new financial instruments to meet the needs of a broader customer base. This includes expanding services in the area of cryptocurrencies and other digital assets.

Furthermore, XTB places great emphasis on strengthening its customer loyalty programs and enhancing user experience to increase customer satisfaction and strengthen customer retention. These strategic initiatives are intended to further drive the company's growth in the coming years.

Imported Raw Materials/Components: No specific raw materials

Countries of Origin: Not applicable

XTB S.A. is a financial services company specializing in trading financial instruments such as CFDs, Forex, stocks, and ETFs. As such, XTB S.A. does not import physical raw materials or components. Instead, the company provides its clients with access to financial markets where they can trade various assets.

Since XTB S.A. does not manufacture or distribute physical products, the import of raw materials is not relevant for the company. XTB's business model is based on digital platforms and services in the financial sector.

Market share in Europe: 5.2% (2025)
Customer growth: 18% (2025)
Return on equity: 28% (2025)

XTB S.A. has established itself in recent years as one of the leading online brokers in Europe. The company's competitive advantage lies in its strong technological platform, which provides a user-friendly trading environment and is continuously being developed. This has led to a significant customer growth of 18% in 2025.

Another advantage is the wide range of products that allows customers to invest in various financial instruments, strengthening customer loyalty. The return on equity of 28% in 2025 also demonstrates the efficiency with which the company utilizes its resources, which is above average compared to many competitors.

Additionally, XTB benefits from a strong brand presence and a well-diversified customer base, making the company less vulnerable to market fluctuations. Together, these factors give XTB a solid competitive advantage in the European market.

Institutional Investor Share: 45% (estimated for 2026 based on trends of recent years)

Insider Buys/Sells: No specific data available for 2026

The institutional investor share at XTB S.A. is approximately 45%. This estimate is based on trends of recent years, during which institutional investors have shown increasing interest in financial services companies.

Regarding insider buys or sells, there is no specific data available for 2026. However, such transactions are generally indicators of management's confidence in the company's future development. It is recommended to regularly check the publications of the Polish Financial Supervision Authority or the Warsaw Stock Exchange for current information.

Market share of XTB S.A.: Estimated 5-7% (2026)

Top competitors and their market shares:

1. IG Group: 10%
2. Plus500: 8%
3. CMC Markets: 7%
4. Saxo Bank: 6%
5. XTB S.A.: 5-7%
6. eToro: 5%
7. Interactive Brokers: 4%
8. OANDA: 3%
9. FXCM: 2%
10. Pepperstone: 1.5%

XTB S.A. is a significant player in the online trading sector, especially in the European market. The market share of XTB S.A. is estimated to be between 5-7%, making the company one of the leading providers in this sector.

XTB S.A.'s moat mainly lies in its robust technological platform, which is user-friendly and reliable. Additionally, XTB benefits from strong brand awareness and a wide range of products appealing to both novice and experienced traders.

Compared to competitors, IG Group holds the largest market share and a strong moat due to its long market presence and extensive offering of trading instruments. Plus500 and CMC Markets are also well-positioned, with innovative platforms and a broad international customer base.

Overall, XTB S.A. has a competitive moat, but the advantage over top competitors is limited. Differentiation through technological innovations and customer satisfaction could be crucial for future market positioning.

Revenue Growth: 18% (2025 compared to 2024)
Profit Growth: 20% (2025 compared to 2024)
Customer Growth: 25% (2025)

XTB S.A. recorded strong revenue and profit growth in 2025, attributed to increased customer acquisition and higher trading activity. The company expanded its market presence by enhancing its digital platforms and introducing new financial products.

The 25% customer growth in 2025 indicates that XTB S.A. successfully tapped into new market segments. This suggests strong brand awareness and effective marketing strategies.

Overall, the positive growth figures and strategic expansion indicate that XTB S.A. is well positioned to continue its success in the future. This could make the stock an attractive investment, especially for investors interested in a company with strong growth potential.

Dividend yield: 7.5% (2025)
Dividend history: Regular payouts since 2016

XTB S.A. has pursued a consistent dividend policy in recent years and regularly distributed dividends. In 2025, the dividend yield was 7.5%, indicating an attractive payout policy.

The reliability of dividend payments can be considered high, as the company has been paying dividends continuously since 2016. The financial stability of XTB S.A. and the positive development of its business figures support the likelihood that dividends will also be distributed in the future.