The NAGA Group AG publishes 2023 Annual Report - 2024 Capital Markets Day in
the wake of the merger with CAPEX.com

EQS-News: The NAGA Group AG / Key word(s): Annual Report/Annual Results
The NAGA Group AG publishes 2023 Annual Report - 2024 Capital Markets Day in
the wake of the merger with CAPEX.com

28.06.2024 / 21:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

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The NAGA Group AG publishes 2023 Annual Report - 2024 Capital Markets Day in
the wake of the merger with CAPEX.com

Hamburg, 28 June 2024 - The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7),
provider of the all-in-one financial SuperApp NAGA, today published its
annual report with the audited consolidated financial statements for 2023.
In a difficult market environment, NAGA achieved the planned turnaround in
earnings by making significant savings in all key cost items. With Group
revenues of EUR 39.7 million (2022: EUR 57.6 million), Group EBITDA improved
to EUR 8.4 million (2022: EUR -13.7 million). The deviation from the
preliminary revenues reported on 9 January 2024 is attributable to the
reclassification of the balance of income and expenses from NAGA Coin (NGC)
market making to other operating income. On the cost side, the reduction in
marketing and advertising expenses to EUR 4.6 million (2022: EUR 28.3
million) resulted in customer acquisition costs per trading account falling
to the lowest level in the Company's history at EUR 380 (2022: EUR 1,510).
At the same time, the majority of non-financial key figures such as active
users, trades, and trading volume were up on the previous year. It is
particularly pleasing that, despite the lower level of new customer business
as a result of reduced marketing activities, user-related key figures such
as average activity, portfolio size, and lifetime value showed a strong
upward trend. At around 8.4% (2022: 11.6%), the research and development
ratio in relation to revenues remained at a high level in the past financial
year 2023, reflecting in particular the expansion of the functionalities of
the Naga Trader app, the NEO banking app NAGA Pay and the Naga X platform.

Group key figures

                                         2023       2022
     Revenues in EUR million             39.7       57.6
     EBITDA in EUR million                8.4      -13.7
     New accounts opened              132,000    243,000
     Number of active users            21,000     18,700
     Trades in millions                   9.2        8.6
     Copy trades in millions              4.8        3.5
     Traded volumen in EUR billion        143        137

Note: Rounding differences may occur.

More information

The complete Annual Report 2023 of The NAGA Group AG is available here.

Invitation to the 2024 Capital Markets Day

The NAGA Group AG cordially invites analysts, investors, shareholders as
well as media and partners to virtually join its Capital Markets Day on 11
July 2024, 16.00 CEST. The 2024 Capital Markets Day will provide valuable
insights into the strategic vision and growth ambitions of the NAGA Group.

Octavian Patrascu, CEO of The NAGA Group appointed in January, will host the
Virtual 2024 Capital Markets Day and elaborate on the Company's latest
achievements, its plans for the future, and the innovative path the Group is
forging.

To register for the virtual 2024 Capital Markets Day, please click here.

Following the event, information will be made available in the Investor
Relations section of the company's website, which can be found here. This
will include a PDF file with the presentation, a full recording of the live
event, and additional supporting materials.

About NAGA

NAGA is a leading German Fintech Company offering a SuperApp with the aim to
merge social trading, investing in stocks, crypto, and neo banking into one
unified platform, powered by its proprietary advanced technology. Operating
in over 100 countries with 9 local offices, NAGA offers a diverse range of
services for both fiat and cryptocurrencies. The platform features a
physical VISA card with fiat and automatic crypto conversion plus cashback,
dynamic social feeds, and advanced autocopy functions, enabling users to
replicate the strategies of successful traders. Designed for a global
community, NAGA provides an inclusive and efficient financial ecosystem for
personal finance and trading.

Investor Relations Contact

The NAGA Group AG
Michael Milonas
Co-Founder and Deputy CEO
ir@naga.com


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28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        The NAGA Group AG
                   Hohe Bleichen 12
                   20354 Hamburg
                   Germany
   E-mail:         info@naga.com
   Internet:       www.naga.com
   ISIN:           DE000A161NR7
   WKN:            A161NR
   Indices:        Scale 30
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1936103

End of News EQS News Service
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1936103 28.06.2024 CET/CEST