The Polish CFDs and retail FX broker XTB released its preliminary financial results for the fourth quarter and the full year 2022.
According to the official numbers, the company’s fourth quarter revenue increased on yearly basis but took a significant hit based on previous quarter.
Between October and December 2022, XTB’s operating income was PLN 216.7 million. The company registered 18% rise compared to Q4 2022, however it dropped 44.6% compared to the previous quarter.
The final quarter of the year was the broker’s worst based on performance. In comparison, in Q3 the company’s revenue reached PLN 391.3 million.
Net profit for the period stood at PLN 50 million, suffering 27% fall YoY and 78.8% drop QoQ.
However, the full year results were positive for the broker. The revenue for 2023 reached PLN 1.444 billion, skyrocketing 130.9% from the previous year. Net profit jumped 222% to PLN 765.7 million
Active clients
The numbers of active clients on the platform improved significantly in the fourth quarter, as well as the year.
XTB registered new 51,038 clients in Q4, 19.4% more than the same period the previous year. Based on the third quarter, the number rose 13.9%. The active clients on the platform came at 160,995 in the Q4, 26.6% higher than the numbers of Q4 2021 and 6% than Q3 2022.
The new clients for the year in turn were 196,864 up 4% compared to 2021. Active clients reached 258,799 in 2022, registering a 35.9% jump compared to the previous year.
The CFD trading volume for Q4 and the full year also rose by 60.3 % and 55.1%, respectively.
