Xryma H1 Profit Collapses 99.8% as Banktech Group Completes T2 Build
Nicosia – September 19, 2026 -- Xryma Plc reported a 99.8% collapse in first-half profit to €0.03 million, down from €12.3 million a year earlier, as the Cyprus-based banktech group front-loaded spending on infrastructure ahead of a planned 2027 revenue ramp.
Client Revenue drops 39% as Xryma prioritizes strategic build-out over near-term sales
Client Revenue fell to €16.9 million in H1 2026 from €27.7 million in H1 2025. Management attributed the decline to a deliberate deferral of complementary product enhancements while resources were redirected toward the group's strategic investment programme.
Technology Services revenue jumps 77% on SaaS and consulting demand
Technology Services revenue, covering SaaS, Banking Platform and higher-value consulting and bespoke development work, rose to €1.65 million from €0.93 million a year earlier, providing a recurring income base alongside the group's core banking activities.