/PRNewswire/ — Xryma Plc (“Band”, “Xryma), a group specializing in banking technologies offering regulated open-source services cross-border bankinginternational transactional banking and real-time payment services within the European Union and the United Kingdom, while independently providing banking software and technology to third-party banks and financial institutions, today announced its financial results audités of the first half of 2026, for the six-month period ending June 30, 2026.
“The first half of 2026 took place entirely within the framework of the strategic investment period that we presented to shareholders. We made a conscious decision to prioritize the infrastructure and new opportunities needed for Xryma’s next phase of growth, while accepting the short-term impact this would have on revenue and profitability,” said Ajay Treon, Group Chief Financial Officer and Executive Director of Xryma Plc.
“It is important to note that this investment is now paying off. We completed our integration with the Eurosystem T2 system in June and continued the development of TIPS, PaidBy® and XrymaCoin, while the Technology Services division (as defined in the Prospectus) continued its strong growth, with turnover up 77%. Our activities related to SaaS solutions and the banking platform generate stable recurring revenues, to which are added revenues from high value-added consulting services, tailor-made development and personalization.
We achieved this while remaining profitable and maintaining a strong financial position, closing the first half of 2026 with €59.4 million in net assets and cash of €50.9 million. As the main implementation phase of our strategic investment program draws to a close, we are now focused on implementation, commercialization and growth. We expect to see the first signs of this business momentum in the fourth quarter of 2026, with the positive impacts of the investments we have made starting to materialize from 2027, in the form of revenue growth and operational leverage.”
Highlights of the first half of 2026
- The strategic investment program is coming to an end, and the Group is now focusing less and less on investment and construction and more towards commissioning, marketing and growth.
- Revenue from customers was €16.9 million, compared to €27.7 million in the first half of 2025, reflecting the expected near-term impact of prioritizing strategic investments and deferring certain complementary enhancements to existing products and services.
- Technology services revenue increased by 77% to reach 1.65 million euros, compared to 0.93 million euros in the first half of 2025, thanks to recurring revenues generated by SaaS offers and the banking platform, as well as the increase in consulting, tailor-made development and high value-added personalization activities.
- The Group remained profitable throughout the investment period, recording an after-tax profit of €0.03 million, compared to €12.3 million in the first half of 2025.
- The company has maintained a strong financial position, with net assets of €59.4 million and cash and cash equivalents of €50.9 million as of June 30, 2026, while continuing to comply with applicable regulatory capital requirements.
- Key strategic milestones were achieved, including the completion of direct integration into Eurosystem’s T2 system in June 2026, following the successful notification of participation in October 2025, as well as continued progress on TIPS, PaidBy® Mastercard and XrymaCoin.
- Active capital management continued, including the early termination and repayment of NSX’s restructured credit lines, as well as increased investment in BeEmotion AI, alongside progress in implementing the KYC initiative with BeEmotion.
- Commercial momentum is expected to resume in the fourth quarter of 2026, with the positive impact of the strategic investment program expected to begin to materialize from 2027, in the form of revenue growth and operational leverage.
Nikogiannis Karantzis, Group Managing Director and CEO of Xryma Plc, said: “Our commitment to providing exceptional products and services to our current customers remains unwavering. We aim to expand our customer base and increase our revenue in the second half of 2026, following significant infrastructure upgrades completed in 2025 and the first half of 2026.Although this modernization program has impacted our performance in the short term, we are confident that Xryma will be better positioned to grow revenue in the medium to long term, with higher margins thanks to our unique market positioning.
We are also pleased to announce that the Company’s prospectus was approved by the competent authority, the Cyprus Securities and Exchange Commission (CySEC), on July 14, 2026. We will continue to advance our IPO plans, which will provide liquidity to our current shareholders, broaden access to capital markets and support the Group’s long-term growth ambitions.”
View Xryma Plc’s half-year results for the first half of 2026
About Xryma Plc
Xryma Plc is a regulated European banking technology group, which develops banking technologies through its subsidiary Probanx® and operates digital payment services based on direct central bank settlement. Xryma is one of the first non-bank participants authorized to connect directly to Eurosystem’s T2 RTGS and TIPS platforms. The Company is licensed as an Electronic Money Institution (EMI) in both the EU and the UK and offers multi-currency business accounts. Its open banking service, PaidBy®, offers merchants one of the world’s first cross-border account-to-account transfer services with dynamic currency conversion, enabling instant local payments and next business day settlement in both common and exotic currencies. Xryma is also the issuer of the upcoming electronic money token XrymaCoin (XREUR).
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