#Cyprus #payment solutions #Nicosia #ISX Financial #Banking Technology

ISX Financial EU Plc Reports Strong Profitable Growth and Capital Position for H1 2025

ISX Financial EU Plc (ISXX), a leading provider of regulated transactional banking and real-time payment solutions, has unveiled its unaudited financial results for the first half of 2025. As of June 30, 2025, ISXX has celebrated a profitable growth trajectory, fortified capital structure, and continuous business momentum across its core offerings.

Financial Highlights for H1 2025

• - Net income after tax: Increased by 6% to €12.3 million.
• - Revenue: Grew by 5% to €27.7 million, attributed to the rise in open banking services and an expanding client base.
• - Operating expenses: Only increased by 3% to €15.6 million, reflecting strategic investments in personnel and technology.
• - Equity: Rose by 29% to €54.1 million, with total equity standing at €44.7 million.
• - Working capital: Strengthened to €39.4 million, while liabilities decreased by 8% to €181.4 million.

Ajay Treon, CFO of ISXX, stated that the first half of 2025 has showcased the resiliency and scalability of its business model. In a dynamic market landscape, the firm successfully achieved profitable growth through investments in its platform and human capital. Treon noted, "Our strategic focus on instant, low-cost interbank payments resonates well with our customers. Our financial discipline ensures a robust foundation for long-term growth. As we enter the second half, we are equipped with strong momentum, solid liquidity, and a clear strategy for continuous innovation and operational scale."

The revenue growth at ISXX has been propelled by an increasing demand from both new and existing clients, particularly in open banking payment solutions. The company continues its evolution from traditional card acquisitions to more efficient real-time Account to Account (A2A) payments via its patented PaidBy® product.

Operating expenses rose modestly due to investments in staffing and IT infrastructure. Moreover, ISXX recorded a gain of €0.9 million from the fair value of its investment in NSX, while maintaining lower impairment levels, indicating a prudent approach to asset management.

ISXX's balance sheet remains strong, featuring enhanced cash balances and investments alongside reduced client fund liabilities. These advancements contribute to a more resilient capital base and greater operational flexibility.

Continuing its trajectory of growth, ISXX is dedicated to investing in essential technology and compliance infrastructure aimed at fostering scalable growth across Europe and global markets. The company plans to enhance its connectivity with central banks, improve instant payment capabilities, and strengthen its regulatory posture with respect to upcoming frameworks such as PSD3, FIDA, and DORA in the latter half of 2025.

Nikogiannis Karantzis, CEO of ISXX, commented on the firm's recent announcements: "We are pleased to inform you that today we filed our prospectus with the Cypriot SEC (CySEC) for admission to the Cyprus Stock Exchange. Since ISXX has submitted a prospectus for listing, it is now subject to listing regulations. Consequently, ISXX will no longer publish quarterly reports but will be obliged to provide timely information, semi-annual financial reports, and annual reports."

For detailed results of ISXX’s first half of 2025, visit ISXX Financial Interim Report.

About ISX Financial EU Plc

Headquartered in Nicosia, ISX Financial EU Plc (ISXX, LEI 213800NGHVYL5PFZI692) is a leading banking technology provider in the EEA, authorized as an Electronic Money Institution by the Central Bank of Cyprus and regulated in the UK by the Financial Conduct Authority. The company develops and operates its own payment ecosystem that provides multi-currency accounts, open banking solutions, foreign exchange, remittances, and payment processing. ISXX combines financial robustness, regulatory resilience, and innovation to create value for businesses and communities across Europe and beyond.

Nikogiannis (Nickolas John) Karantzis has over 30 years of industry experience, 20 of which were in secure digital enterprises across telecommunications, IPTV, payments, and electronic money. Karantzis holds degrees in Engineering, Law, and Commerce and is a registered intellectual property lawyer in Trans Tasman, member of Engineers Australia, and a registered dispute arbitrator in various jurisdictions.