ISX Financial EU Plc (ISXX), a fintech payments platform, reported H1 2025 profit after tax of €12.3 million on October 3rd, 2025, representing 6% year-on-year growth. The company simultaneously announced that it has lodged a prospectus with Cyprus Securities and Exchange Commission (CySEC) for admission to the Cyprus Stock Exchange, marking a significant milestone in its evolution from a private payments processor to a publicly-listed transactional banking platform.
- Revenue: €27.7 million, up 5% year-on-year
- Operating Expenses: €15.6 million, up 3% year-on-year
- Net Assets: €54.1 million, up 29% year-on-year
- Own Funds: €44.7 million, increase of €10.1 million
- Working Capital: €39.4 million
The H1 results underscore disciplined cost management, with operating expense growth of just 3% despite investments in talent and technology. Revenue expansion was driven primarily by open banking payment services and customer growth across both new and existing accounts. The company also recorded a €0.9 million fair value gain on its NSX investment alongside reduced impairments, while liabilities decreased 8% to €181.4 million, reflecting stronger capital efficiency and reduced customer fund balances.
A core strategic development involves ISXX‘s effort to upgrade from indirect to direct participation in the Eurosystem T2 Real Time Gross Settlement (RTGS) network. The company anticipates approval from the Central Banks of Cyprus, Lithuania, and Latvia, which would enable cross-border euro transfers without sponsor bank reliance. Similar preparations are underway for UK RTGS network access, positioning the platform for greater operational independence in European payments corridors.
Following the prospectus filing with CySEC, ISXX transitions to listing-regulated disclosure requirements, including semi-annual financial reporting and timely disclosures. The company ceases quarterly reporting under new regulatory obligations. Chief Executive Officer Nikogiannis Karantzis emphasized confidence in platform scalability and customer resilience, while Chief Financial Officer Ajay Treon highlighted the business model’s strength and commitment to responsible growth scaling across key markets.
