31st January 2024 : ISX Financial EU Plc (“ISXPlc”) is pleased to present its Q4 results for the year 2023.

ISX PLC is pleased to advise that it continues to showcase remarkable growth, solid profitability, ongoing innovation, and an expanding market presence. Reflecting on a quarter that has set new benchmarks in our journey, ISX is excited to share the highlights that underscore our commitment to excellence and foresight in the 'banktech' sector.

Solid Growth: Surpassing Expectations

Our Q4 FY2023 results have exceeded expectations with an achieved 35% year-on-year increase in revenues, alongside an impressive 39% growth quarter-over-quarter. This robust growth trajectory is further highlighted by our net assets, which saw a significant 50% year-on-year increase and an 18% quarter-over-quarter rise. These figures not only reflect our strong market presence but also our ability to consistently deliver value to our clients and stakeholders.

Profitability Assurance: A Mark of Resilience

Ajay Treon, ISX Financial CFO said: “The impressive EBITDA margin of 31% is a clear indicator of ISX Financial’s resilience and strategic focus. Our ability to maintain strong profitability while navigating a dynamic market landscape is a testament to our team’s expertise and our robust business model.”

Investing in the Future: Fuelling Innovation

Innovation is the cornerstone of our growth strategy. In 2023, ISX PLC invested a significant €2.5 million in Research and Development. This investment is not just a financial allocation; it's an investment in our vision to lead the charge in the fintech sector, continuously seeking to enhance our offerings and drive industry standards.

Guidance for 2024: Setting Ambitious Targets

Looking forward, ISX PLC has our sights set on achieving €45 million in revenue by the end of 2024. While ambitiously pursuing growth, ISX's aim is to maintain our EBITDA/profitability margin within the 25-35% range. This goal reflects our balanced approach of aggressive growth coupled with sustainable financial practices.

Managing Director, Nikogiannis Karantzis, said "I am thrilled with the results and our growth profile, whilst maintaining profitability and margins. 2023 is another profitable year for ISX, that sets the group up for a listing event on a regulated market. As we celebrate these achievements, I invite our valued clients, partners, and stakeholders to join us on this exciting journey ahead as we prepare for listing."

To view Q4 FY2023 quarterly report in full, please press the button below: