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.
Group completes direct Eurosystem T2 integration in June 2026
Xryma finalized direct integration with the Eurosystem's T2 real-time gross settlement platform in June 2026, following notification of participation in October 2025. The company continued development of TIPS instant-payment connectivity, its PaidBy® Mastercard open-banking service, and the XrymaCoin (XREUR) electronic-money token.
Balance sheet holds €59.4 million in net assets, €50.9 million in cash
The group maintained net assets of €59.4 million and cash and cash equivalents of €50.9 million at June 30, 2026, while continuing to meet applicable regulatory capital requirements. Xryma also completed the early termination and repayment of its restructured NSX loan facilities and increased investment in BeEmotion AI as part of a joint KYC initiative.
CySEC approves listing prospectus, paving way for stock exchange debut
The Cyprus Securities and Exchange Commission approved Xryma's prospectus on July 14, 2026, advancing the group's plans for a stock exchange listing intended to provide liquidity to existing shareholders and broaden access to capital markets.
Group CFO Ajay Treon said commercial momentum is expected to return in the fourth quarter of 2026, with revenue growth and operating leverage from the investment programme expected to materialize from 2027.