/PRNewswire/ — Xryma Plc (“Groups”, “Xryma“), a banking tech group that provides regulated cross-border open banking services, international transaction banking and real-time payment services to the EU and UK, as well as independently providing banking software and technology to third-party banks and financial institutions, today announced its audited financial results for the first half of 2026 (period ending June 30, 2026).
“The first half of 2026 remained well within the strategic investment timeline we outlined to our shareholders. We made a conscious decision to prioritize the infrastructure and new capabilities required for Xryma’s next phase of growth, recognizing the short-term impact this would have on customer revenue and profitability,” sagte Ajay Treon, Group Chief Financial Officer & Executive Director bei Xryma Plc
“What is important is that this investment is now reflected in concrete results. In June we completed our Eurosystem T2 integration and continued to advance the development of TIPS, PaidBy® and XrymaCoin, while the Technology Services division (as defined in the Prospectus) continued its strong growth and recorded a 77% increase in sales. Our SaaS and Banking Platform activities provide stable recurring revenue, complemented by revenue from high-quality consulting, bespoke development and customization.
We have achieved this without losing profitability and maintaining a strong financial position; We closed the first half of 2026 with net assets of 59.4 million euros and liquid assets of 50.9 million euros. As the main build phase of our strategic investment program nears completion, our focus now shifts to activation, commercialization and growth. We expect to see the first signs of this commercial momentum in the fourth quarter of 2026, with the benefits of our investments being realized from 2027 onwards in the form of revenue growth and operating leverage.”
Highlights of the first half of 2026
- The strategic investment program is nearing completion, with the Group’s focus gradually shifting from investment and construction to activation, commercialization and growth.
- Customer revenue was €16.9 million, compared to €27.7 million in the first half of 2025. This reflects the expected short-term impact of prioritizing strategic investments as well as deferring certain complementary improvements to existing products and services.
- Technology Services revenue increased 77% to EUR 1.65 million, compared to EUR 0.93 million in the first half of 2025, supported by recurring SaaS and banking platform revenue as well as higher-value consulting services, tailor-made developments and customizations.
- The group remained profitable throughout the investment period, reporting a profit after tax of €0.03 million, compared to €12.3 million in the first half of 2025.
- The strong financial position was maintained: as of June 30, 2026, net assets were €59.4 million and cash and cash equivalents were €50.9 million, while continuing to meet applicable regulatory capital requirements.
- Key strategic milestones were achieved, including the completion of the direct Eurosystem T2 integration in June 2026 following the successful registration for participation in October 2025, as well as further progress on TIPS, PaidBy® Mastercard and XrymaCoin.
- Active capital allocation continued, including the early termination and repayment of the restructured NSX credit facilities and increased investment in BeEmotion AI, as well as progress in completing the KYC initiative with BeEmotion.
- Business momentum is expected to pick up in Q4 2026, with the benefits of the strategic investment program expected to be felt through revenue growth and operating leverage from 2027.
Nikogiannis Karantzis, Group Managing Director & Chief Executive Officer of Xryma Plc, said: “Our commitment to providing outstanding products and services to our existing customers remains unwavering. We are committed to expanding our customer base and increasing revenue in the second half of 2026, following extensive infrastructure improvements in 2025 and the first half of 2026.” While this modernization program has impacted our short-term business performance, we believe that in the medium to long term, Xryma will be better positioned to grow sales and achieve higher margins thanks to our unique market position.
We are also pleased to announce that the Company’s prospectus was approved by the relevant authority, the Cyprus Securities and Exchange Commission (CySEC), on July 14, 2026. We will continue to advance our IPO plans to provide liquidity to our existing shareholders, expand access to capital markets and support the Group’s long-term growth objectives.”
Xryma Plc: Half-year results H1 2026 – interim results for the first half of the year
Information about Xryma Plc
Xryma Plc is a regulated European banking tech group that, through its subsidiary Probanx®, develops banking technology 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 the 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 corporate accounts in various currencies. Its open banking service, PaidBy®, offers one of the world’s first cross-border, account-based services with dynamic currency conversion for merchants, with instant local payments and next business day settlement in major and exotic currencies. Xryma is also the issuer of the upcoming e-money token XrymaCoin (XREUR).
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