ISX Financial EU Plc (ISXX), a European payments and open banking platform, posted H1 2025 interim results on October 3rd, 2025, demonstrating steady profitability and capital strengthening as the company prepares for admission to the Cyprus Stock Exchange. The fintech firm reported profit after tax of €12.3 million, up 6% year-over-year, with revenue climbing 5% to €27.7 million, driven by growth in open banking services and an expanding customer base.
- Profit After Tax: €12.3 million (+6% YoY)
- Revenue: €27.7 million (+5% YoY)
- Operating Expenses: €15.6 million (+3% YoY)
- Net Assets: €54.1 million (+29% YoY)
- Own Funds: €44.7 million (+€10.1 million)
- Working Capital: €39.4 million
- Liabilities: €181.4 million (-8% YoY)
Ajay Treon, Chief Financial Officer, attributed the results to disciplined cost management and the strength of ISXX’s operating model. Operating expenses increased by just 3%, demonstrating efficiency gains despite strategic investments in talent and technology. The company recorded a €0.9 million fair value gain on its NSX investment and benefited from reduced impairments. The balance sheet showed particular strength, with net assets rising 29% to €54.1 million and own funds climbing to €44.7 million, while customer liabilities decreased 8% to €181.4 million.
A critical development involves ISXX’s infrastructure upgrades to the Eurosystem T2 Real Time Gross Settlement System. The company is transitioning from an indirect connection to direct participant status, with approval expected from the Central Bank of Cyprus to access participating central banks in Lithuania and Latvia. Once finalized, ISXX will facilitate cross-border euro transfers without reliance on sponsor banks. Similar preparations are underway for UK RTGS network access.
Nikogiannis Karantzis, Chief Executive Officer, announced that ISXX’s prospectus was lodged with CySEC on the announcement date for Cyprus Stock Exchange admission. Following prospectus submission, ISXX transitions to listing regulations and will discontinue quarterly reporting in favor of semi-annual financial reports and annual filings required under listing standards.
