Investment Products Bring Clients to XTB, but CFDs Generate 96% of Trading Result

XTB reported record financial results for the first half of 2026, with operating revenue surging 79.7% year-on-year to PLN 2.09 billion and net profit rising 150.5% to PLN 1.03 billion. The group added 703,333 clients and recorded nearly 1.49 million active clients during the period.

The broker's client acquisition is increasingly driven by investment products—shares, ETFs, and Investment Plans made up 82.9% of first transactions by new EU clients in H1 2026, compared to just 15.5% for shares in 2019, before Investment Plans existed. However, CFDs continue to generate the vast majority of the company's gross result from financial instruments, contributing PLN 1.98 billion out of a total PLN 2.07 billion.

Commodity CFDs alone accounted for 75.3% of the gross result, up from 33.1% a year earlier, driven by trading in gold, silver, oil, and cocoa. Index CFDs contributed another 13.9%. Meanwhile, gross result from non-CFD instruments was only PLN 82.9 million.

Nominal turnover in shares and ETFs more than doubled to $18.44 billion from $8.85 billion a year ago. Client assets under custody reached PLN 50.31 billion, with stocks at PLN 23.35 billion and ETFs at PLN 20.02 billion. The report values CFDs at a fair value of PLN 642 million, which does not reflect their notional exposure.

XTB continued expanding its product range in H1, rolling out US equity options across seven European markets and launching a Cash ISA in the UK. The broker also began deploying Investment Plans 2.0, adding shares to portfolios that were previously built solely around ETFs.