Corporate news

<ul><li>Year to date: EUR 28.4 million revenue from brokerage business and EUR 4.2 million EBITDA demonstrating NAGAs ability to become a profitable FinTech</li><li>Drastic improvement in client acquisition cost and client lifetime metrics</li><li>Trading update via Zoom to be held on Oct 11, 2023 at 14:00 CET</li></ul>Hamburg, October 5th, 2023 - The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7), provider of the All-in-One Financial Super App NAGA, publishes a trading update for the first nine months of 2023, highlighting substantial progress.Looking at the first three quarters of 2023, the Group’s preliminary EBITDA improved to EUR 4.2 million, a significant achievement from the previous year's loss of EUR -4.2 million in the same period. Furthermore, the Group reported preliminary year-to-date sales of EUR 28.4 million per September 30th 2023 from its brokerage business, delivering an EBITDA ratio of around 15%.One of the key factors contributing to this growth is the reduction in operational and marketing costs. The NAGA Group has also expanded its presence in new and emerging markets, capitalizing on the increasing popularity of social investing and e-payments.&nbsp;Significant growth throughout all core KPISA notable achievement in the first nine months of 2023 is the highly successful optimization of NAGA's user acquisition strategy. Within the first nine months of 2022, the Group spent an estimated EUR 26 million on marketing and sales, whereas in 2023, the expenditure was significantly reduced to EUR 4 million in the same period. It is worth highlighting that the average net acquisition cost per new account improved drastically, decreasing from EUR 1,269 on average in the first nine months of 2022 to EUR 181 on average for the same period in 2023. The Group acquired around 10,000 new funded accounts in the first three quarters 2023 compared to 12,500 new funded accounts in the same period of 2022, a drop of only 19% despite reducing its acquisition budget by more than 83%.Furthermore, comparing the first three quarters 2023 to 2022 all core KPIs have grown. Especially active accounts stand at 20.4K active traders in 2023 vs. 17.7K for the same period in 2022. Traded volume in 2023 grew to EUR 110 billion vs. EUR 98 billion alongside 7.3 million executed transactions compared to 6.2 million in the first nine months of 2022. Client equity as of September 30th 2023 increased by 47% to EUR 34 million from EUR 23 million on 30th September 2022. The new equity contribution from new accounts rose significantly from EUR 6.2 million to EUR 8.9 million, an increase of 42%. This translates to EUR 913 per new account, an 105 % increase compared to the same period the previous year. Lastly, the average monthly churn rate improved from 8.4% in the first three quarters of 2022 down to 5.3% for the same period in 2023.Additionally, the Group reports that its Neo-Banking App, NAGA Pay, has shown a double- digit growth in each quarter 2023, reaching a group wide revenue contribution of EUR 0.25 million in 2023 and plans to break even in Q4 as a standalone project.The NAGA Group's strong financial performance in the first nine months of 2023 showcases its successful business strategiy, including cost optimization, expansion into new markets and efficient user acquisition while improving client lifetime and churn metrics, which directly impact profitability.“We have spent and hired in recent years according to established, capital intensive market standards, as has happened with many industry peers and tech companies. Our focus this year has been to reduce spending and increase efficiency. Spending 80% less and seeing growth across all our core KPIs makes us confident for the upcoming months.” Michael Milonas, Chief Executive Officer, notes.NAGA further continues its expansion into new markets by launching numerous partnerships and the opening of new branches. HY1 2023 has been a period of development in the Group's Infrastructure to offer a framework for success in the emerging markets. A focus on acquisition, payments and regulations will provide the base for further success in HY2."We are committed to expanding our presence in Asia, Middle East, Africa, and Latin America by leveraging strategic partnerships with proven leaders in those regions. Our focus is not just on growth, but on building the right regulatory frameworks and infrastructure to deliver a first- class experience for our clients and partners. Understanding the local market needs is essential to our success, and we aim to create the right infrastructure for long-term success. This global growth story has only just started but significant inroads have already been made in a very short amount of time" - Sam Chaney, Chief Commercial Officer, adds.&nbsp;Trading update to be held by Founder &amp; CIO Benjamin BilskiThe Group further announces that Benjamin Bilski will hold a presentation on October 11th at 14:00 CET covering the Group's Performance for the first three quarters of 2023, explaining latest developments and giving an outlook for 2023. The webinar will be held via Zoom, recorded and subsequently uploaded to group.naga.com&nbsp;Update on the publishing of 2022 financial statementsLastly, the Group would like to inform the Capital Markets that its audited financial statements are expected to be published by the mid November on the Group's website.

EUR 28.4 million revenue from brokerage business and EUR 4.2 million EBITDA demonstrating NAGAs ability to become a profitable FinTech.

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NAGA continues profitable growth path reaching 15% EBITDA for the first nine months of 2023 from its brokerage business

<ul><li>Alongside positive EBITDA developments in the past quarters, NAGA has repaid majority of outstanding convertible bonds</li><li>NAGA proceeds with adding SaaS product to global business, launching first white label partner</li><li>New communities feature will allow super-influencers to run their branded version of NAGA</li></ul>Hamburg, October 24th, 2023 - The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7), provider of the All-in-One Financial Super App, NAGA, informs about changes for its outstanding convertible bonds and shares exciting product updates accelerating global expansion.Global expansion fueled by new SaaS partnership. NAGA Communities feature going live in MexicoFollowing its reported positive footprint in emerging markets, NAGA is pleased to announce its White-Label product offering is fully operational and will imminently launch its first ever White-label partnership. A regulated online-brokerage from Kuwait will launch its own branded version using NAGA’s innovative frontend and backend technology to expand social trading in the Middle East. A further, new revenue stream will thereby be added with the SaaS vertical generating platform fees as well as transaction based and volume-driven income.Additionally, NAGA developed a unique “Communities” feature allowing certain super-influencers, trading educators and partners to run and promote their very own social trading community with a fully custom and branded version of the NAGA Platform.“In the course of our R&amp;D and engineering efforts, we have identified a problem for our existing super influencers and partners who manage their communities using ordinary Social Media apps such as Instagram, Facebook or Telegram where communication and trading activity is disconnected. With the NAGA communities feature, Influencers can utilize all our social media features which are instantly connected with the trading platform and run their very own community branded as their own platform. This will drive more personalized engagement and identification of the community as a whole”, comments Founder &amp; CIO Benjamin Bilski on the latest product innovation.The communities platform went live in Mexico on October 20th, whilst the SaaS partnership is expected to yield first results in this quarter.NAGA avoids dilution for existing shareholdersNAGA repaid the majority of the convertible bonds and renegotiated terms for its outstanding convertible bonds issued in April 2023.The holder of the remaining convertible bonds is not exercising the conversion right, so that no equity dilution for existing shareholders will occur.&nbsp;About NAGANAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social proprietary trading platform. The company's platform offers a range of products from stock trading, investments and cryptocurrencies to a physical VISA card. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products.

Alongside positive EBITDA developments in the past quarters, NAGA has repaid
majority of outstanding convertible bonds
NAGA proceeds with adding SaaS product to global business, launching first
white label partner
New communities feature will allow super-influencers to run their branded
version of NAGA

NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature

<ul><li>Average Upside potential of 85% to current share price</li><li>NuWays AG resumes coverage and gives HOLD rating</li><li>Analysts highlight clear improvement of NAGAs profitability and expansion plans</li></ul>Hamburg, November 21st, 2023 - The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7), provider of the All-in-One Financial Super App, NAGA, has received two BUY ratings, as well as two HOLD ratings, from analyst stating its upside potential of around 85% (Price Target Consensus at EUR 2.15, current share price EUR 1.15)After having published its financial statements for 2022 and the latest Q3 2023 trading results, several analysts have published updated research notes covering the NAGA Group AG stock.In summary, NAGA has received a BUY rating from GBC AGs Cosmin Filker with a price target of EUR 2.90 whilst Marius Fuhrberg, Warburg Research advises its customers to buy the stock with a price target of EUR 1.65. Holger Steffen from SMC Research issued a HOLD rating with price target of EUR 2.80 whilst Frederick Jarchow from NuWays AG (Hauck und Aufhäuser) resumed the coverage of the stock, issuing a price target of EUR 1.30 and a HOLD rating.Warburg AG states that NAGAs strict cost management has borne fruit. GBC AG highlighted strong earnings growth achieved in the first nine months of 2023, lower sales growth is met with an increase in profitability. SMC Research highlighted strong efficiency improvements as the basis for global growth. Nuways AG stated that 2023 can be seen as a transition year for the company and NAGA should return to annual top- and bottom-line growth from FY24e onwards due to the strategic shift towards global growth across so far under-penetrated regions, new acquisitions, expansion of the license base paired with ongoing cost discipline, leaner operations and increasing efficiency (i.e. marketing).The detailed and updated research reports can be found at:<a href="https://group.naga.com/investor-relations/research-coverage">https://group.naga.com/investor-relations/research-coverage</a>&nbsp;About NAGANAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social proprietary trading platform. The company's platform offers a range of products from stock trading, investments and cryptocurrencies to a physical VISA card. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products.

Average Upside potential of 85% to current share price
NuWays AG resumes coverage and gives HOLD rating
Analysts highlight clear improvement of NAGAs profitability and expansion plans

The All-in-One Financial Super-App