X Trade Brokers Dom Maklerski SA (XTB) - Net Assets

Latest as of December 2025: zł2.00 Billion PLN ≈ $550.57 Million USD

Based on the latest financial reports, X Trade Brokers Dom Maklerski SA (XTB) has net assets worth zł2.00 Billion PLN (≈ $550.57 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł9.09 Billion ≈ $2.50 Billion USD) and total liabilities (zł7.09 Billion ≈ $1.95 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of X Trade Brokers Dom Maklerski SA to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł2.00 Billion
% of Total Assets	22.02%
Annual Growth Rate	11.47%
5-Year Change	118.5%
10-Year Change	462.11%
Growth Volatility	30.12

X Trade Brokers Dom Maklerski SA - Net Assets Trend (2013–2025)

This chart illustrates how X Trade Brokers Dom Maklerski SA's net assets have evolved over time, based on quarterly financial data. See X Trade Brokers Dom Maklerski SA (XTB) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for X Trade Brokers Dom Maklerski SA (2013–2025)

The table below shows the annual net assets of X Trade Brokers Dom Maklerski SA from 2013 to 2025. For live valuation and market cap data, see XTB market cap.

Year	Net Assets	Change
2025-12-31	zł2.00 Billion ≈ $550.57 Million	-0.16%
2024-12-31	zł2.00 Billion ≈ $551.43 Million	+15.51%
2023-12-31	zł1.73 Billion ≈ $477.40 Million	+15.18%
2022-12-31	zł1.51 Billion ≈ $414.49 Million	+64.50%
2021-12-31	zł915.56 Million ≈ $251.98 Million	+3.07%
2020-12-31	zł888.30 Million ≈ $244.47 Million	+81.01%
2019-12-31	zł490.74 Million ≈ $135.06 Million	+7.82%
2018-12-31	zł455.16 Million ≈ $125.27 Million	+13.69%
2017-12-31	zł400.34 Million ≈ $110.18 Million	+12.49%
2016-12-31	zł355.89 Million ≈ $97.95 Million	-4.85%
2015-12-31	zł374.05 Million ≈ $102.94 Million	-41.93%
2014-12-31	zł644.11 Million ≈ $177.27 Million	+18.45%
2013-12-31	zł543.76 Million ≈ $149.65 Million	--

Equity Component Analysis

This analysis shows how different components contribute to X Trade Brokers Dom Maklerski SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 767.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł659.48 Million	32.98%
Other Components	zł1.34 Billion	67.02%
Total Equity	zł2.00 Billion	100.00%

X Trade Brokers Dom Maklerski SA Competitors by Market Cap

The table below lists competitors of X Trade Brokers Dom Maklerski SA ranked by their market capitalization.

Company	Market Cap
SpringWorks Therapeutics Inc NASDAQ:SWTX	$3.54 Billion
China Minsheng Banking Corp. Ltd F:GHFH	$3.54 Billion
Centre Testing Intl Shenzhen SHE:300012	$3.54 Billion
Waystar Holding Corp. Common Stock NASDAQ:WAY	$3.54 Billion
First Interstate BancSystem Inc NASDAQ:FIBK	$3.54 Billion
Suzhou TZTEK Technology Co Ltd SHG:688003	$3.54 Billion
Hengan International Group Company Limited F:HGNC	$3.54 Billion
Wockhardt Limited NSE:WOCKPHARMA	$3.53 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in X Trade Brokers Dom Maklerski SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,003,521,000 to 1,999,640,000, a change of -3,881,000 (-0.2%).
Net income of 644,194,000 contributed positively to equity growth.
Dividend payments of 640,753,000 reduced retained earnings.
Share repurchases of 7,379,000 reduced equity.
New share issuances of 7,061,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł644.19 Million	+32.22%
Dividends Paid	zł640.75 Million	-32.04%
Share Repurchases	zł7.38 Million	-0.37%
Share Issuances	zł7.06 Million	+0.35%
Other Changes	zł-7.00 Million	-0.35%
Total Change	zł-	-0.19%

Book Value vs Market Value Analysis

This analysis compares X Trade Brokers Dom Maklerski SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 6.43x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 50.25x to 6.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	zł2.18	zł109.50	x
2014-12-31	zł2.85	zł109.50	x
2015-12-31	zł3.18	zł109.50	x
2016-12-31	zł3.03	zł109.50	x
2017-12-31	zł3.41	zł109.50	x
2018-12-31	zł3.88	zł109.50	x
2019-12-31	zł4.18	zł109.50	x
2020-12-31	zł7.57	zł109.50	x
2021-12-31	zł7.80	zł109.50	x
2022-12-31	zł12.83	zł109.50	x
2023-12-31	zł14.75	zł109.50	x
2024-12-31	zł17.04	zł109.50	x
2025-12-31	zł17.02	zł109.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently X Trade Brokers Dom Maklerski SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 32.22%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 30.44%
• Asset Turnover: 0.23x
• Equity Multiplier: 4.54x
Recent ROE (32.22%) is above the historical average (31.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	31.94%	33.34%	0.44x	2.17x	zł56.28 Million
2014	22.96%	35.63%	0.33x	1.96x	zł43.49 Million
2015	31.82%	40.63%	0.40x	1.94x	zł81.63 Million
2016	21.83%	29.20%	0.33x	2.24x	zł42.12 Million
2017	23.22%	32.25%	0.32x	2.24x	zł52.94 Million
2018	22.29%	35.04%	0.30x	2.13x	zł55.96 Million
2019	11.76%	24.05%	0.21x	2.32x	zł8.63 Million
2020	45.26%	50.06%	0.35x	2.57x	zł313.26 Million
2021	25.98%	37.05%	0.20x	3.44x	zł146.27 Million
2022	50.87%	51.67%	0.36x	2.73x	zł615.49 Million
2023	45.61%	47.32%	0.36x	2.70x	zł617.71 Million
2024	42.78%	43.40%	0.30x	3.32x	zł656.67 Million
2025	32.22%	30.44%	0.23x	4.54x	zł444.23 Million

Industry Comparison

This section compares X Trade Brokers Dom Maklerski SA's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $22,986,578
Average return on equity (ROE) among peers: 17.19%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
X Trade Brokers Dom Maklerski SA (XTB)	zł2.00 Billion	31.94%	3.54x	$3.54 Billion
Dom Maklerski IDM SA (IDM)	$-60.89 Million	0.00%	0.00x	$5.88 Million
INC S.A. (INC)	$36.81 Million	32.34%	0.14x	$6.18 Million
Ipopema Securities SA (IPE)	$44.37 Million	28.20%	2.13x	$59.32 Million
Novavis Group SA (NVG)	$5.31 Million	53.86%	2.47x	$6.24 Million
Reino Capital SA (RNC)	$60.99 Million	-4.91%	0.15x	$32.01 Million
Skyline Investment S.A. (SKL)	$51.34 Million	-6.35%	0.75x	$10.78 Million

About X Trade Brokers Dom Maklerski SA

WAR:XTB Poland Capital Markets

Market Cap

$3.54 Billion

zł12.86 Billion PLN

Market Cap Rank

#4530 Global

#27 in Poland

Share Price

zł109.50

Change (1 day)

-0.45%

52-Week Range

zł65.60 - zł113.44

All Time High

zł113.44