#Cyprus #Nicosia #Q1 2025 #ISX Financial #Banktech

ISX Financial Reports Solid Q1 2025 Performance

ISX Financial EU Plc, known as ISXPlc, has unveiled its impressive results for the first quarter of 2025, showcasing remarkable performance in the BankTech and payment infrastructure sector. This European leader has recorded a consistent growth trajectory in its financial and operational indicators, reflecting a robust execution of its strategic roadmap.

Ajay Treon, the Chief Financial Officer of ISXPlc, highlighted the significance of these results, stating, "The solid performance from the twelve months of 2024 has propelled us into the first quarter, where we have maintained strong momentum through strategic growth initiatives, the launch of new products and services, and operational achievements. Despite shifts in global economic confidence, we remain committed to advancing in the BankTech and payments sectors."

Financial Growth Metrics

The results for Q1 2025 demonstrate a notable 12% year-over-year increase in revenues, accompanied by an additional 2% growth compared to the previous quarter. This underscores the strong market acceptance of ISXPlc’s core offerings in transactional banking and open banking payment solutions. Furthermore, the company's net assets witnessed a staggering 114% year-over-year growth and a 14% increase quarter-over-quarter, reinforcing its solid financial landscape.

With an impressive EBITDA margin of 53%, ISXPlc has fortified its financial foundation while continuing to scale its infrastructure and expand into new markets. In Q1 alone, the company invested €0.8 million in Research and Development, illustrating its long-term commitment to innovation and product leadership in the digital payment arena.

Operational Successes

Operationally, the successful rollout of its SEPA Direct Debit product has played a crucial role in increasing customer adoption and enhancing market penetration within the European Economic Area (EEA). The quarter did witness an increase in costs, primarily attributed to performance-based sales commissions and the natural release of accruals linked to the company's stock listing in Q4 2024.

Nikogiannis Karantzis, the CEO of ISXPlc, remarked, "At ISX, we are shaping the future of rapid payments, where the speed of settlement, API-driven reporting, and server-to-server control replace delays and friction in retail to business payment interactions. Although consumer confidence and discretionary spending in the EU, particularly in Germany, have hit historic lows, our Q1 results reflect the strength of our platform, the resilience of our model, and the caliber of our team. As we continue to grow, our focus remains on building a scalable and secure immediate payments infrastructure that empowers our clients to operate more efficiently and securely on an international scale."

Commitment to Talent and Growth

In line with its expansion efforts, ISXPlc has reiterated its commitment to investing in top talent. The company significantly enhanced its leadership and technical teams throughout Q1, emphasizing the recruitment of senior personnel to advance its international growth agenda, and closing the quarter with a workforce comprising 180 employees.

In conclusion, the Q1 2025 results for ISXPlc not only highlight its strong financial foundations but also underscore the impact of its strategic investments, positioning the company for sustained success throughout 2025.