XTB Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of XTB?
Owner Type	Number of Shares	Ownership Percentage
Institutions	26,853,316	22.8%
General Public	39,099,166	33.3%
Individual Insiders	51,616,769	43.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 65.46% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
43.8%	Jakub Zablocki	51,472,869	zł3.5b	0%	no data
3.72%	Norges Bank Investment Management	4,374,924	zł299.8m	0%	0.01%
2.58%	The Vanguard Group, Inc.	3,030,728	zł207.7m	0.27%	no data
2.18%	Towarzystwo Funduszy Inwestycyjnych PZU SA	2,565,801	zł175.8m	0%	1.74%
1.61%	Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.	1,892,393	zł129.7m	0%	1.91%
1.58%	BlackRock, Inc.	1,852,688	zł126.9m	0.32%	no data
1.44%	Franklin Resources, Inc.	1,697,760	zł116.3m	0%	0.01%
1.03%	Santander Towarzystwo Funduszy Inwestycyjnych S.A.	1,207,099	zł82.7m	0%	1.64%
0.95%	Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A	1,116,187	zł76.5m	0%	2.25%
0.75%	Dimensional Fund Advisors LP	881,858	zł60.4m	0.87%	no data
0.66%	Goldman Sachs Asset Management, L.P.	770,625	zł52.8m	-5.51%	no data
0.63%	Skarbiec TFI S.A.	741,096	zł50.8m	0%	1.76%
0.61%	GAMMA PKO Towarzystwo Funduszy Inwestycyjnych SA	716,104	zł49.1m	0%	0.33%
0.55%	Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.	644,796	zł44.2m	0%	0.07%
0.5%	Generali Investments TFI S.A	586,831	zł40.2m	0%	1.4%
0.46%	Investors Fund Open TFI SA	544,520	zł37.3m	0%	1.28%
0.41%	Millennium TFI S.A.	484,850	zł33.2m	0%	3.2%
0.41%	Cambria Investment Management, L.P.	482,733	zł33.1m	2.28%	0.26%
0.38%	AXA Towarzystwo Funduszy Inwestycyjnych SA	445,092	zł30.5m	0%	0.88%
0.26%	Empowered Funds, LLC	299,951	zł20.6m	10.3%	0.07%
0.21%	AgioFunds Towarzystwo Funduszy Inwestycyjnych S.A.	244,670	zł16.8m	0%	0.98%
0.2%	Boston Partners Global Investors, Inc.	239,575	zł16.4m	0%	no data
0.2%	BNPP Asset Management Holding	232,345	zł15.9m	0%	0.01%
0.2%	Rockbridge TFI S.A.	229,381	zł15.7m	0%	2.55%
0.17%	Acadian Asset Management LLC	204,369	zł14.0m	3.94%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/08 10:25
End of Day Share Price	2025/12/05 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

XTB S.A. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mikolaj Lemanczyk	Biuro maklerskie mBanku
Lukasz Janczak	Erste Group Bank AG
Michal Kuzawinski	J.P. Morgan