#Cyprus #Nicosia #ISX Financial #Open Banking #transactional banking

ISX Financial EU Plc Reports Strong Performance for H1 2025

ISX Financial EU Plc (ISXX) has recently disclosed its financial performance for the first half of 2025, revealing solid growth and substantial capital strength. The company, a prominent player in regulated transactional banking and real-time payment solutions, showcased impressive metrics based on its unaudited results for the six months ending on June 30, 2025.

Financial Highlights

Fueled by a growing demand for open banking services and a steady influx of new customers, ISXX reported a profit after tax of €12.3 million, marking a 6% increase from the previous year. Total revenue saw a 5% rise, totaling €27.7 million, which underscores the company's expanding market presence.

Operating expenses saw a minor increase, rising just 3% to reach €15.6 million. This increase reflects ISXX's commitment to investing in both its workforce and technological advancements, ensuring that they remain at the forefront of the financial technology sector.

In terms of net assets, the company experienced a significant growth of 29%, which brought the total to €54.1 million. The amount of own funds rose to €44.7 million, while working capital was strengthened to €39.4 million. Remarkably, ISXX also managed to reduce its liabilities by 8%, bringing them down to €181.4 million.

Business Resilience Amid Market Challenges

Ajay Treon, Chief Financial Officer of ISXX, commented on the results, stating, "The first half of 2025 demonstrated the strength and scalability of our business model. Despite a dynamic market environment, we grew profitably while investing in our platform and people." He further elaborated that the strategic focus on lower-cost, instant interbank payments continues to resonate with customers, ensuring a viable path towards long-term growth.

The revenue boost can largely be attributed to a significant increase in the demand for new and existing customers, specifically targeting open banking payment solutions. ISXX is keenly transitioning from traditional card acquiring processes to more efficient, real-time account-to-account (A2A) payment methods, primarily through its proprietary PaidBy® product.

Investment in Infrastructure

In terms of operating expenses, the increase was largely driven by necessary investments in personnel and IT infrastructure. Furthermore, ISXX recognized a fair value gain of €0.9 million from its NSX investment while maintaining a stable impairment level, which speaks highly of its financial stewardship.

The balance sheet of ISXX is displaying signs of health, with increased cash and investment balances coupled with reduced customer fund liabilities. These factors collectively contribute to a reinforced capital base and enhanced operational flexibility, setting the stage for future developments.

The company remains steadfast in its commitment to improving its technology and compliance infrastructure to support scalable growth both in Europe and global markets. Notably, ISXX plans to broaden its central bank connectivity, enhance instant payment capabilities, and fortify its regulatory framework in anticipation of PSD3, FIDA, and DORA frameworks.

Strategic Growth Moving Forward

Nikogiannis Karantzis, the Chief Executive Officer of ISXX, announced that a prospectus has been submitted to the Cyprus SEC for the company’s admission to the Cyprus Stock Exchange. Karantzis remarked, "As ISXX has submitted a prospectus for admission to list, it is now bound by the listing regulations. ISXX will no longer be publishing quarterly reports as it is now subject to timely disclosures, semi-annual financial report and annual report requirements." This strategic move positions ISXX to attract further investment and market share in the competitive financial services landscape.

As ISX Financial EU Plc continues to innovate its offerings and optimize its business model, the company is poised for a promising future, ultimately aiming to provide enhanced value to its customers and stakeholders across Europe and beyond.