ISX Financial EU PLC Reports Record Earnings for Q4 2024
On January 31, 2025, ISX Financial EU PLC (ISX Plc) unveiled its impressive earnings for the fourth quarter of 2024, marking a significant milestone in the company's financial journey. After a year characterized by robust performance, ISX Plc has now achieved its fifth consecutive record-breaking quarter. This stellar achievement not only highlights the company's continuous growth trajectory but also solidifies its leadership position in the bank technology sector.
Ajay Treon, CFO of ISX Plc, shared insights about the company’s performance. He noted that the positive momentum from the initial nine months of 2024 carried over into the fourth quarter, driven by strategic growth initiatives, new product launches, and operational successes. Treon expressed immense pride in the milestones reached during 2024, thanking clients, employees, and partners for their ongoing support. Together, they are shaping the future of bank technology and payment processing, with promising opportunities on the horizon.
ISX Plc reported a remarkable 81% year-over-year increase in revenue, alongside an 8% quarter-over-quarter growth. The company's net assets surged by 160% compared to the previous year and saw an additional 23% increase from the prior quarter.
December 2024 was particularly special, as the company set a new record with revenues reaching €6.0 million and transaction volumes exceeding €1 billion for the second consecutive quarter.
ISX Plc surpassed its revenue target of €50 million for the year, ultimately achieving its desired EBITDA margin of 40-45%, with an astonishing EBITDA margin of 61%. This reflects the company’s strong financial foundation, ensuring stability within the bank technology payment sector.
Highlighting its commitment to innovation, the company invested €0.8 million in research and development in Q4, focusing on customer-centric solutions and technological advancements.
To support its ambitious growth trajectory, ISX Plc expanded its workforce by 22% in 2024, culminating in a total of 184 employees.
Nikogiannis Karantzis, CEO of ISX Plc, added to the narrative by affirming their pride in achieving this remarkable fifth consecutive record quarter. He emphasized the resilience of their business model and the unwavering dedication of their team. Their primary focus remains on fostering sustainable growth through innovation, operational excellence, and a relentless commitment to client success.
For more detailed insights, you can access the complete quarterly report through this link.
ISX Financial is a pioneering bank technology company utilizing proprietary technology to offer financial services to merchants across the EEA and the UK. Their comprehensive payment platform and infrastructure deliver a complete solution for transactional banking, forex, remittance, and payment processing.
For media inquiries, please contact:
Phone: +35722015740
Email: [email protected]
Key Financial Highlights for Q4 2024
Ajay Treon, CFO of ISX Plc, shared insights about the company’s performance. He noted that the positive momentum from the initial nine months of 2024 carried over into the fourth quarter, driven by strategic growth initiatives, new product launches, and operational successes. Treon expressed immense pride in the milestones reached during 2024, thanking clients, employees, and partners for their ongoing support. Together, they are shaping the future of bank technology and payment processing, with promising opportunities on the horizon.
Impressive Revenue Growth
ISX Plc reported a remarkable 81% year-over-year increase in revenue, alongside an 8% quarter-over-quarter growth. The company's net assets surged by 160% compared to the previous year and saw an additional 23% increase from the prior quarter.
New Records Set
December 2024 was particularly special, as the company set a new record with revenues reaching €6.0 million and transaction volumes exceeding €1 billion for the second consecutive quarter.
Exceeding Expectations
ISX Plc surpassed its revenue target of €50 million for the year, ultimately achieving its desired EBITDA margin of 40-45%, with an astonishing EBITDA margin of 61%. This reflects the company’s strong financial foundation, ensuring stability within the bank technology payment sector.
Commitment to Innovation
Highlighting its commitment to innovation, the company invested €0.8 million in research and development in Q4, focusing on customer-centric solutions and technological advancements.
Talent Expansion
To support its ambitious growth trajectory, ISX Plc expanded its workforce by 22% in 2024, culminating in a total of 184 employees.
Nikogiannis Karantzis, CEO of ISX Plc, added to the narrative by affirming their pride in achieving this remarkable fifth consecutive record quarter. He emphasized the resilience of their business model and the unwavering dedication of their team. Their primary focus remains on fostering sustainable growth through innovation, operational excellence, and a relentless commitment to client success.
For more detailed insights, you can access the complete quarterly report through this link.
About ISX Financial EU PLC
ISX Financial is a pioneering bank technology company utilizing proprietary technology to offer financial services to merchants across the EEA and the UK. Their comprehensive payment platform and infrastructure deliver a complete solution for transactional banking, forex, remittance, and payment processing.
For media inquiries, please contact:
Phone: +35722015740
Email: [email protected]
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.