21st June 2022 : ISX Financial EU Plc (“ISXPlc”) is pleased to present its first Annual Report and audited results for 2021. This is our first Annual Report since our demerger from Southern Cross Payments Ltd in September 2021.
As the previous results released by ISXPlc were unaudited, there have been minor changes due to the final audit adjustments, noting that overall the results remain broadly consistent.
In 2021 ISXPlc saw revenue increase 4.1% to €22.7 million, as Group focused on diversifying its revenue away from card acquiring, towards lower cost SEPA instant and batched interbank payments, in turn creating a multi-rail ecosystem centred on our flykk® service and Open Banking.
ISXPlc delivered a Net Profit After Tax (NPAT) of €1.35m, based upon an EBITDA of €5.15m, which increased 8.9% on the prior year.
You can access the annual report through the link below.