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

ISX Financial EU Plc's Remarkable Financial Achievement in H1 2025

ISX Financial EU Plc (ISXX), a leading provider of regulated transactional banking solutions and real-time payment services, announced strong financial results for the first half of 2025 at the beginning of October. The company showcased its effective business model through noteworthy growth and robust capital standing.

Financial Highlights of H1 2025

In comparison to H1 2024, ISXX recorded a 6% rise in post-tax profits, amounting to €12.3 million. Additionally, revenue experienced a 5% increase, reaching €27.7 million, largely propelled by a surge in open banking services and a growing client base.

- Operating Expenses: Increased by only 3%

Operating expenses rose only marginally to €15.6 million, reflecting strategic investments in both personnel and technology that were essential for sustaining growth.

- Net Assets: Increased by 29%

ISXX reported a significant boost in net assets, reaching €54.1 million. Shareholder equity also increased to €44.7 million, reinforcing the company’s stable financial position.

- Working Capital: Improved Financial Flexibility

Working capital consolidated at €39.4 million, alongside an 8% reduction in liabilities, which now total €181.4 million.

Ajay Treon, ISXX's Chief Financial Officer, commented, “The first half of 2025 showcased the strength and scalability of our business model. Despite a dynamic market environment, we achieved profitable growth while continuing to invest in our platform and workforce.” He further stated, “Our strategy focused on low-cost instant interbank payments resonates well with clients, positioning us favorably for sustainable long-term growth.”

Positive Business Momentum

The revenue growth can be attributed to increasing demand from both new and existing clients, particularly within the realm of open banking payment solutions. ISX is gradually pivoting from traditional card acquisition towards more efficient real-time Account-to-Account (A2A) payments through their unique PaidBy® product.

Moreover, the moderate rise in operating costs stemmed mainly from essential investments in IT infrastructure and manpower. ISXX also acknowledged a fair value gain of €0.9 million on its investment in NSX, maintaining low levels of depreciation.

The overall balance sheet appears robust, with enhanced cash and investment balances reported alongside a decrease in client-funds liabilities. Such improvements have fortified their capital base, contributing to operational flexibility.

Continued Investment in Technology

ISXX is committed to investing in foundational technology and compliance infrastructure to support scalable growth across Europe and global markets. In the latter half of 2025, they plan to expand connections with central banks, enhance instant payment capabilities, and solidify regulatory positioning in anticipation of frameworks like PSD3, FIDA, and DORA.

Nikogiannis Karantzis, the CEO of ISXX, expressed satisfaction in announcing that their prospectus has been submitted to the Cyprus Financial Regulatory Authority (CySEC) for admission to the Cyprus Stock Exchange. This significant step means ISXX will no longer issue quarterly reports but will instead comply with timely information obligations, semi-annual financial reports, and annual disclosures.

For further details, ISXX’s interim semi-annual results for the first half of 2025 can be accessed here.

About ISX Financial EU Plc

Located in Nicosia, ISX Financial EU Plc is a leading banking technology company licensed as an electronic money institution by the Central Bank of Cyprus. Regulated in the UK by the Financial Conduct Authority, the company develops and operates an exclusive payment ecosystem, providing multi-currency accounts, open banking solutions, currency exchange, remittance services, and payment processing. ISXX’s focus on financial firmness, regulatory resilience, and innovation aims to deliver value to businesses and local communities across Europe and beyond.

Nikogiannis (Nickolas John) Karantzis, with over 30 years of industry experience, including 20 years in secure digital enterprises, leads the company. He holds degrees in engineering, law, and business administration, and is a licensed intellectual property lawyer in Australia and New Zealand.