ISX Financial EU PLC (ISX Plc) is delighted to announce its financial results for Q4 2024, marking yet another milestone in the company’s impressive growth journey. This quarter represents the fifth consecutive period of record-breaking performance, further reinforcing ISX Plc’s strong position as a leader in the ‘Banktech’ sector.
Key Financial Highlights – Q4 2024
Ajay Treon, Chief Financial Officer of ISX Plc, stated:
*”Building on the strong results of the first nine months of 2024, Q4 delivered sustained positive momentum driven by strategic growth initiatives, the rollout of new products and services, and operational achievements. These outcomes underline our commitment to advancing in the banktech and payments sectors following our 2021 demerger.
I am immensely proud of what we have achieved in a record-breaking 2024. I want to sincerely thank our customers, employees, and partners for their continued support. Together, we are shaping the future of banktech and payments, and I am excited about the opportunities that lie ahead.”*
- Strong Revenue Growth: ISX Plc achieved an impressive 81% year-on-year revenue increase, with an 8% rise compared to the previous quarter. Net assets surged by 160% year-on-year, with an additional 23% increase from Q3.
- New Milestones Reached: December revenue hit a record-breaking €6.0 million, while Q4 transaction volumes surpassed €1 billion for the second consecutive quarter.
- Outperforming Expectations: The company successfully reached its 2024 revenue target of €50 million, exceeding the anticipated EBITDA margin of 40-45%.
- Financial Strength: With an EBITDA margin of 61%, ISX Plc continues to demonstrate financial stability and resilience within the banktech payments market.
- Commitment to Innovation: A €0.8 million investment in Research & Development during Q4 highlights ISX Plc’s dedication to pioneering customer-centric solutions and advancing financial technology.
- Growing Workforce: To support its expansion, the company increased its workforce by 22% in 2024, concluding the year with a total of 184 employees.
Nikogiannis Karantzis, Chief Executive Officer of ISX Plc, commented:
“We are proud to announce our 5th consecutive record-breaking quarter. It highlights the resilience of our business model and the unwavering commitment of our team. Our focus always remains on fostering sustainable growth through innovation, operational excellence, and a relentless dedication to our clients’ success.”
For the full quarterly report, visit: ISX Financial Q4 2024 Report.
