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.
Group operating subsidiaries include ISX Financial UK Ltd, ISX Financial EU PLC (CY), Probanx Solutions Ltd (CY) & UAB Probanx Solutions (LT), UAB Authenticator (LT), ISX Technologies Inc (USA). ISX Financial UK Ltd, trading as Flykk, ISX Money and ISXPay, is a FCA UK Authorised eMoney Institution FRN 901034. ISX Financial EU PLC, trading as Flykk, ISX Money and ISXPay, is authorised by the Central Bank of Cyprus # 184.108.40.206 as an E.E.A Monetary Financial Institution and UK FCA FRN 900871 .
℗ Patent applications pending/granted in Africa, Australia, Asia, The Americas, Europe and Oceania. ISX Financial®, ISXPay®, Probanx®, Flykk® & Paydentity™ are registered trademarks of ISX IP Ltd.