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ISX Financial Reports Record Year in 2024

In its audited Annual Report for 2024, ISX Financial EU Plc has unveiled a remarkable achievement, marking yet another year of substantial growth, profitability, and technological innovation. With a staggering revenue increase of 81% year-over-year, the company is set on a path of continuous expansion.

Impressive Revenue Growth

In the fiscal year of 2024, ISXPlc recorded revenues amounting to 58.7 million euros, underlining its strengthened transaction volumes and client acquisition strategies. Such impressive figures were partly fueled by the success of its subsidiary, Probanx, which alone contributed over 2.5 million euros to the Group's total revenue. This highlights ISX's commitment to expanding its operational capacity and enhancing its banking services across Europe and the UK.

Financial Strength and Scalability

ISXPlc has achieved an industry-leading EBITDA margin of 61%, reflecting a 30% improvement from the previous year. This expansion in margin is a testament to the scalability of ISX’s business model and the diversity of its client portfolio. By maintaining robust operational efficiency and strategic client engagement, the company reaffirms its position as a reliable partner in the financial technology landscape.

Commitment to Innovation

The year 2024 has also witnessed significant investments into research and development, totaling 2.8 million euros via Probanx. This financial commitment is aimed at enhancing product delivery and continuing to develop advanced regulatory technology solutions. The innovations being pursued align with the growing demands for secure and intelligent payment mechanisms within the rapidly evolving financial sector.

Trusted Partner in Transactional Banking

Customer balances under management soared by 56% to 189 million euros, demonstrating increased trust among ISX's business clientele. As a prudentially regulated institution, safeguarding client funds remains a cornerstone of its operational ethos and customer service model. This rising trust is vital in reinforcing ISXPlc's reputation as a secure financial partner in the banking ecosystem.

Product Development and Strategic Alliances

ISXPlc has also focused on expanding its product offerings. In the fourth quarter, the company launched its new SEPA Direct Debit service with Notification capabilities and completed a strategic investment in an artificial intelligence-centered business. Looking ahead, ISX's product roadmap for 2025 is packed with numerous innovations and enhancements driven by its subsidiary Probanx.

Community Engagement and Corporate Responsibility

With a significant portion of its workforce based in Cyprus, ISXPlc has demonstrated its commitment to community building. In 2024, the company reaffirmated its partnership with Ronald McDonald House by providing financial support and volunteering. Additionally, it launched a successful national blood donation campaign and expanded its “Dream Big” initiative, focused on encouraging youth engagement in sports. ISX is proud to sponsor Olympic fencer Alexander Tofalides and the Cyprus Rugby Federation, further demonstrating its dedication to social responsibility.

Future Outlook for 2025

Looking forward to 2025, ISXPlc aims for annual revenues between 60 to 65 million euros, while targeting profit margins between 30% and 40%. Despite facing macroeconomic challenges early in the year, ISX remains confident in executing its strategic plans, fueled by innovation and operational excellence.

For more detailed insights, refer to the 2024 Annual Report.

About ISX Financial EU Plc

ISX Financial EU Plc is a leading electronic money institution and transactional banking provider based in the UK and the EU, delivering real-time secure payment services through banking and card systems. Its wholly-owned subsidiary, Probanx, offers cutting-edge Software-as-a-Service (SaaS) solutions to banks and financial institutions globally, ensuring seamless connectivity with central banks.

For further inquiries, visit www.isx.financial or contact via +35722015740 or [email protected].