XTB Reports 69% Jump in Q4 Profits, CFDs Volume Improved

The Polish retail broker, XTB has published its preliminary financials for the fourth quarter of 2021, between October and December, reporting a 31.2 percent year-over-year jump in its operating income. Other key parameters also improved significantly.

In absolute terms, the operating income for the quarter came in at PLN 183.6 million. Though the total operating expense increased, the broker ended the quarter with a net profit of 238.3 million, which is 68.9 percent. Additionally, EBIT improved by 47.1 percent year-over-year to 82.9 million.

However, the consolidated yearly figures turned dull when compared with the record year of 2020. The broker generated PLN 625.6 million in operating income and PLN 238.3 million in net profit, which is 21.6 percent and 40.7 percent lower, respectively.

Client Activities Improved

The parameters related to client activities improved significantly both in the last quarter and the entire year. In the last three months of the year, the broker onboarded 42,760 new clients, which is 11.3 percent higher than the previous year. For the full year, this figure jumped by 68.9 percent to 189,187.

The average number of active clients in 2021 went up by 92.9 percent to 112,015. For the quarter, this number jumped to 127,174, which is a 75.8 percent improvement. Moreover, the contracts for differences (CFDs) trading volume for the quarter and year jumped by 34 percent and 29.3 percent, respectively.

Meanwhile, the broker is expanding its presence aggressively in foreign markets, especially in the Middle East and Africa. The newly launched MENA subsidiary of the broker group started services last October. Though XTBalready received a license in South Africa, it has not started its operations there yet.