October 3rd, 2025 – ISX Financial EU Plc (“ISXX”), is pleased to present its unaudited H1 2025 financial results for the six months ended 30 June 2025. The Company delivered profitable growth, improved capital strength, and continued commercial momentum across its core offerings.
Financial Highlights – H1 2025 (vs. H1 2024):
- Profit after tax increased 6% to €12.3 million
- Revenue rose 5% to €27.7 million, supported by open banking services and client growth
- Operating expenses increased by just 3% to €15.6 million, reflecting investment in talent and technology
- Net assets grew 29% to €54.1 million; Own funds rose to €44.7 million
- Working capital strengthened to €39.4 million; liabilities declined by 8% to €181.4 million
Ajay Treon, Chief Financial Officer, ISX Financial EU Plc
"The first half of 2025 reflects another period of consistent performance for ISX Financial EU Plc (ISXX), underpinned by the strength of our operating model and disciplined approach to profitable growth. We advanced across our commercial, operational, and financial priorities, while pursuing to scale responsibly.
For the six months ended 30 June 2025, profit after tax increased by 6% year-on-year to €12.3 million, supported by revenue growth of 5% and disciplined cost control. Revenues rose to €27.7 million, driven by both new and existing customers and underpinned by sustained growth in our open banking payment services. Our strategic shift toward lower-cost, instant interbank payments continues to gain momentum as our customers seek greater efficiency, transparency, and control.
Operating expenses rose by 3% to €15.6 million, reflecting investment in people and technology to support long-term growth. We also recorded a €0.9 million fair value gain on our NSX investment, alongside a reduction in impairments.
Our balance sheet remains a source of resilience, with net assets rising by 29% to €54.1 million and own funds increasing by €10.1 million to €44.7 million. Working capital improved to €39.4 million, while liabilities decreased by 8%, reflecting a reduction in customer funds and stronger capital efficiency. These indicators affirm the soundness of our business and our ability to invest in growth while adhering to financial discipline.
As we look to the second half of the year, we remain confident in the scalability of our platform, the strength of our customer base, and the resilience of our strategy. We are continuing to invest in innovation, network upgrades, product delivery, and regulatory readiness across our key markets, to ensure that ISXX remains a trusted transactional banktech partner for the evolving payments landscape.
A key element has been our work to upgrade our indirect connection to the Eurosystem T2 Real Time Gross Settlement System (RTGS) network, to connect as a direct participant. Approval is expected from the Eurosystem (Central) Bank of Cyprus in order to access the (Central) Bank of Lithuania as well as the (Central) Bank of Latvia for T2 RTGS participation. Once either or both of the T2 network connections are finalised, ISXX will be in a position to move Euros (€) cross border globally, without reliance on any sponsor bank.
Similar preparation has taken place for access to the UK RTGS network.
I want to thank our customers, employees, and shareholders for their continued support. Together, we are building a next-generation transactional banking platform that provides trusted, efficient, and innovative solutions."
Nikogiannis Karantzis, ISXX Chief Executive Officer said “We are also pleased to announce that our prospectus was lodged today with the Cyprus SEC (‘CySEC’) for admission to the Cyprus Stock Exchange.
As ISXX has submitted a prospectus for admission to list, it is now bound by the listing regulations. ISXX will no longer be publishing quarterly reports as it is now subject to timely disclosures, semi-annual financial report and annual report requirements.”
To read the ISXX H1 2025 - Interim Six Month Results, click the button below:
