ISX Financial EU PLC (ISX PLC) is pleased to present its profits for the 4th quarter of 2024. After an impressive year, ISX PLC is pleased to show another record quarter. This is the fifth record quarter in a row for ISX PLC, which consolidates the continuous growth of the company and its position as the market leader in the area of ”BankTech”.
Most important financial highlights ー Q4 2024
Ajay Treon, CFO of ISX PLC, commented: “Building on the strong results of the first nine months of 2024, the fourth quarter delivered a persistently positive dynamic that was driven by strategic growth initiatives, the introduction of new products and services as well as operational success. These results underline our commitment to further develop ourselves in the areas of BankTech and payment transactions after the company splitting in 2021.
I am extremely proud of what we achieved in this record year 2024. I would like to thank our customers, employees and partners for their ongoing support. Together we shape the future of BankTech and payment transactions, and I look forward to the possibilities that are ahead of us. “
Strong growth of customer sales: We have achieved an increase in sales of 81 % in the year, supplemented by an increase of 8 % in the quarterly comparison. The net assets increased by an impressive 160 % in the year and compared to the previous quarter by another 23 %.
New records: The turnover in December reached a record high with 6.0 million euros, and the transaction volume in the fourth quarter exceeded 1 billion euros for the second time in a row.
The expectations for 2024 were exceeded: We have reached our sales target of 50 million euros and exceeded our desired EBITDA margin of 40-45 %.
Financial resilience: With an EBITDA margin of 61 %, we still have a solid financial situation, which underlines our stability in the market for bank tech payments.
Investments in innovation: An investment of 0.8 million euros in research and development in the fourth quarter underlines our commitment to customer -oriented solutions and technological progress.
Expansion of the talents: In order to support our growth course, we expanded our workforce by 22 % in 2024 and completed the year with a total of 184 employees.
Nikogiannis karantzisManaging Director of ISX PLC, added:
“We are proud to announce our fifth record quarter in a row. This underlines the resilience of our business model and the unshakable commitment of our team. Our focus is always on promoting sustainable growth through innovation, operational excellence and tireless efforts for the success of our customers. “
The link to the full quarter report can be found here: https://www.isx.financial/hubfs/ISX%20Announcements/2024/ISX%20Q4%202024.pdf
ISX Financial EU PLC is a “BankTech” company that uses its own technology to offer dealers throughout the EEA and the United Kingdom. Foreign, transfer and payment processing function.