XTB Shares Soar on Record Clients, New Products

XTB shares jumped nearly 12% after reporting record client growth and unveiling a 2026 roadmap focused on margin trading and extended trading hours, despite a 25% profit decline.

Key Points:

• XTB added 864,000 clients in 2025, targeting over 1 million new clients in 2026.
• Margin trading and 24/5 extended trading hours headline XTB’s 2026 product roadmap.

Polish fintech XTB surged nearly 12% on Friday, closing at 84.8 zlotys in its strongest single-day rally in five years. Investors focused on record client growth and the company’s new product roadmap, shrugging off a 25% drop in profit.

XTB added 864,000 new clients in 2025, a 73% increase from the previous year, bringing active clients close to 1.2 million. In January alone, the company recorded 117,300 new sign-ups in just 28 days, signaling strong early momentum toward its 2026 goal of at least one million new clients.

XTB Shares Soar on Record Clients, New Products

In Poland, XTB opened 442,000 accounts in 2025, fueled largely by tax-advantaged IKE and IKZE retirement accounts. The rush reflects growing interest among Poles in long-term retirement planning.

Trading volumes jumped 76% as the Polish market rallied. XTB also announced plans to launch American-style options under CySEC supervision, intensifying competition with other brokers, including ING Bank Securities.

The stock broke key resistance levels at 78 and 82 zlotys, positioning itself to test all-time highs of 90-92 zlotys last reached in May 2025. Year-to-date, XTB shares have gained 18%, outpacing the WIG index’s 6.5% and WIG20’s 5.5% growth.

XTB’s 2026 roadmap centers on margin trading and extended trading hours. Margin trading allows investors to buy securities beyond their account balance, opening higher-margin revenue streams. Extended trading hours will initially cover U.S. markets, with European markets following later in the year.

Arkadiusz Jóżwiak, editor-in-chief at Comparic.pl, said, “Margin trading and 24/5 trading show a clear willingness to compete with the biggest fintechs in Europe.” The roadmap also includes new savings accounts in Poland and retirement accounts in other European markets, such as cash ISAs for UK clients.

Despite client growth, profits fell. Consolidated net profit declined to 643.8 million zlotys from 856.9 million, while operating profit dropped 15.4% to 834.3 million zlotys. Operating expenses rose sharply to 1.31 billion zlotys, with marketing and personnel costs driving the increase. XTB warned that 2026 expenses could climb another 30%, including a potential 50% surge in marketing budgets.

Analysts at Noble Securities project XTB could reach 1 billion zlotys in annual profit by 2026, though rising client acquisition costs and European competition may pose challenges.

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