Xryma Group announced €59.4 million of net assets and €50.9 million of cash in its audited H1 2026 financial results for the six months ended 30 June 2026.
"As the principal build phase of our strategic investment programme approaches completion, our focus is now shifting to activation, commercialisation and growth. We expect to see the first signs of that commercial momentum in Q4 2026, with the benefits of the investments we have made beginning to materialise from 2027 through revenue growth and operating leverage," read an announcement.
Group Chief Financial Officer and Executive Director, Ajay Treon, said that the first half remained firmly within the strategic investment period, the Cyprus-based firm outlined to shareholders.
"We made a conscious decision to prioritise the infrastructure and new opportunities required for Xryma's next phase of growth, accepting the near-term impact this would have on Client Revenue and profitability," Treon added.
Xryma provided the following figures:
H1 2026 Highlights
- Strategic investment programme nearing completion, with the Group's focus progressively shifting from investment and build to activation, commercialisation and growth.
- Client Revenue of €16.9 million, compared with €27.7 million in H1 2025, reflecting the anticipated near-term impact of prioritising strategic investment, and deferring certain complementary enhancements to existing products and services.
- Technology Services revenue increased 77% to €1.65 million, compared with €0.93 million in H1 2025, supported by recurring SaaS and Banking Platform income alongside higher-value consulting, bespoke development and customisation.
- The Group remained profitable throughout the investment period, reporting profit after tax of €0.03 million, compared with €12.3 million in H1 2025.
- Strong financial position maintained, with net assets of €59.4 million and cash and cash equivalents of €50.9 million at 30 June 2026, while continuing to meet applicable regulatory capital requirements.
- Major strategic milestones delivered, including completion of direct Eurosystem T2 integration in June 2026 following successful notification of participation in October 2025, together with continued progress across TIPS, PaidBy® Mastercard and XrymaCoin.
- Active capital allocation continued, including the early termination and repayment of the restructured NSX loan facilities and increased investment in BeEmotion AI, alongside progress towards completing the KYC initiative with BeEmotion.
- Commercial momentum expected to be regained in Q4 2026, with the benefits of the strategic investment programme expected to begin materialising from 2027 through revenue growth and operating leverage.
"We are dedicated to expanding our customer base and increasing revenues in H2 2026, following the deep infrastructure upgrades of 2025 and H1 2026. Whilst this upgrade programme has impacted our short-term performance, we believe that Xryma will be better positioned to grow revenues in the mid- to long-term, with better margins due to our unique positioning in the market," Nikogiannis Karantzis, Group Managing Director and Chief Executive Officer, said.
