ISX Financial EU Plc ("ISXPlc"), an innovative provider of regulated transactional banking services and real-time payment technology in the UK and Europe, has released the financial highlights from its 2024 Audited Annual Report. The report signifies another record-breaking year characterized by substantial growth, robust profitability, and ongoing innovation for the company.

In terms of financial performance for 2024, ISXPlc reported impressive revenue of €58.7 million, reflecting an 81% year-on-year increase. This significant growth was primarily driven by surging transaction volumes, strong client acquisition, and strategic investments made throughout the year. The company's software subsidiary, Probanx, made a notable contribution, accounting for more than €2.5 million of the Group's total revenue. Furthermore, ISXPlc achieved an industry-leading EBITDA margin of 61%, which is a 30% improvement compared to the previous year. This margin expansion highlights the scalability of ISXPlc's business model and the strength derived from its diversified client base.

A strong focus on innovation continued in 2024, with ISXPlc investing €2.8 million in Research & Development activities conducted through its Probanx subsidiaries. These investments were pivotal in accelerating product delivery and ensuring continuous enhancements to the company's platform. This dedication to R&D supports ISXPlc's commitment to pioneering secure, intelligent payment solutions and advanced regulatory technology.

The trust that clients place in ISXPlc was further evidenced by a 56% increase in client balances held under custody, which rose to €189 million. As a prudentially regulated institution, safeguarding client funds is a paramount responsibility and a cornerstone of ISXPlc's reputation and service delivery to its expanding network of business customers.

Product and partnership development saw significant strides in the fourth quarter of 2024. ISXPlc successfully launched its SEPA Direct Debit with Notification service and also completed a strategic investment in an AI-focused business, signaling its commitment to leveraging advanced technologies. Looking forward, the Group's product roadmap for 2025 includes several new innovations and enhancements, which will be developed and delivered by its Probanx subsidiaries.

With a substantial part of its team based in Cyprus, ISXPlc reaffirmed its strong commitment to community engagement. In 2024, the company continued its long-standing partnership with Ronald McDonald House, providing both financial support and encouraging staff volunteering. ISXPlc also organized a successful national blood donation drive and expanded its "Dream Big" Initiative, which promotes youth participation in sports. Additionally, ISXPlc proudly sponsored Olympic fencer Alexander Tofalides and the Cyprus Rugby Federation.

Regarding the outlook for 2025, ISXPlc is targeting full-year revenues in the range of €60 million to €65 million, despite anticipating some macroeconomic turbulence in the early part of the year. The company also aims to maintain healthy profitability margins, projected to be between 30% and 40%. ISXPlc remains confident in its ability to execute its strategy, driven by continuous innovation, operational excellence, and disciplined growth.

ISX Financial EU Plc is a leading UK and EU-based electronic money institution and transactional banking provider, offering secure, real-time payments via bank and card rails. Through its wholly-owned subsidiary Probanx, ISXPlc delivers cutting-edge Software-as-a-Service (SaaS) solutions to banks and financial institutions globally, including services that interconnect banks with central banks.