#Cyprus #Q4 2024 #Nicosia #ISX Financial #Banktech

ISX Financial EU PLC's Record-Breaking Q4 Earnings

ISX Financial EU PLC (ISX Plc) has excitedly revealed its record-breaking financial performance for the fourth quarter of 2024. This announcement comes as a continuation of an already impressive year for the company, solidifying its position as a leader in the 'banktech' sector. The quarter marked the fifth consecutive period in which ISX Plc has set new financial records.

Financial Highlights

Ajay Treon, CFO of ISX Plc, expressed pride in the company’s achievements. "Following the solid results from the first nine months of 2024, the fourth quarter maintained a positive momentum. This was driven by strategic growth initiatives, the rollout of new products and services, and operational successes. Our results underscore our commitment to advancing in banking technology and payment solutions since our spin-off in 2021."

The key highlights for Q4 encompass:

• - Customer Revenue Growth: An astonishing 81% year-on-year increase in revenue, along with an 8% rise from the previous quarter.
• - Asset Growth: Net assets surged by 160% year-on-year, complemented by a 23% increase quarter-on-quarter.
• - Record Monthly Revenue: December set a new record with revenues hitting 6 million euros, and transaction volumes exceeding 1 billion euros for the second consecutive quarter.
• - Exceeding Targets: ISX Plc not only met its revenue target of 50 million euros for the year but also surpassed its EBITDA margin goal of 40-45%.
• - Financial Resilience: The company maintains a healthy EBITDA margin of 61%, highlighting its robust market position in banktech payments.
• - Investment in Innovation: Committing 0.8 million euros for research and development in Q4 signifies its dedication to customer-centric solutions and technological advancements.
• - Workforce Expansion: To support its growth trajectory, ISX Plc increased its workforce by 22% in 2024, concluding the year with a total of 184 employees.

Vision for the Future

CEO Nikogiannis Karantzis remarked, “We are proud to announce our fifth consecutive record quarter. This achievement highlights the resilience of our business model and the unwavering commitment of our team. Our aim remains to foster sustainable growth through innovation, operational excellence, and an unyielding dedication to our clients' success.”

For detailed insights, the full quarterly report is available here.

ISX Financial EU PLC operates at the intersection of technology and finance, providing essential banking services to merchants across the European Economic Area (EEA) and the United Kingdom. The company's payment infrastructure offers comprehensive transaction processing capabilities, including banking transactions, currency exchanges, remittances, and other payment solutions.

Media Inquiries

For media inquiries, please contact:

• - Phone: +35722015740
• - Email: [email protected]

With such remarkable performance and forward-looking initiatives, ISX Financial EU PLC is undoubtedly on its way to transforming the banking technology landscape for the years to come.