#None #revenue growth #ISX Financial #Probanx

ISX Financial Records Historic Growth in 2024

ISX Financial EU Plc, also known as ISXPlc, has announced remarkable financial achievements in its 2024 Audited Annual Report. This innovative provider of regulated transactional banking services and real-time payment technology showcased that it is becoming a leading player in the UK and European financial markets. The year marked a turning point with a staggering 81% surge in revenue, signaling the company's strong growth and increasing influence in the banking sector.

Key Financial Highlights

The financial report unveiled that ISXPlc generated €58.7 million in revenue for 2024, a notable increase from the previous year. This substantial growth can be attributed to soaring transaction volumes, effective client acquisition strategies, and strategic investments that have boosted the company's performance. Notably, ISXPlc's software subsidiary, Probanx, has made a significant contribution of over €2.5 million to the total revenue, underlining the importance of software solutions in the company's growth strategy.

Beyond revenue, ISXPlc's financial solidity is highlighted by an industry-leading EBITDA margin of 61%, demonstrating a 30% improvement from 2023. This margin expansion showcases the company's scalable business model and strong support from its diversified client base, which continues to trust ISXPlc's services.

Commitment to Innovation

ISXPlc's dedication to innovation is clear from its €2.8 million investment in research and development through its Probanx subsidiary. These funds aim at accelerating product delivery and enhancing their technology platforms. Such investments are vital for maintaining ISXPlc's reputation as a pioneer in secure and intelligent payment solutions, which are increasingly in demand in today’s fast-paced financial environment.

Building Trust and Strengthening Partnerships

In 2024, client funds held under ISXPlc's custody increased by 56%, reaching €189 million. This remarkable growth reflects the heightened confidence that businesses are placing in ISXPlc as a trusted partner in managing financial transactions. Moreover, the company has remained committed to its role as a prudentially regulated institution, ensuring the safety of client assets.

ISXPlc has also launched new initiatives, such as its SEPA Direct Debit with Notification service, further broadening its range of financial products. The company completed a strategic investment in an AI-focused business, aiming to integrate artificial intelligence into its offerings, which is part of its 2025 product roadmap aimed at continuous innovation and enhancement.

Engaging with the Community

ISXPlc understands the significance of corporate social responsibility. The company, with many team members based in Cyprus, has reaffirmed its commitment to the local community. It continued its long-term partnership with Ronald McDonald House to provide financial support and engage in volunteer initiatives. In addition, ISXPlc organized a successful national blood donation drive and expanded its