Group Chief Financial Officer Ajay Treon confirmed that the drop in revenue from €27.7 million in the same period last year was a deliberate choice to fund the firm's next growth cycle. Despite the decline, the group remained profitable, recording a €0.03 million profit after tax. The company finished the period with €50.9 million in cash and €59.4 million in net assets, maintaining its regulatory capital requirements while expanding its technological footprint.
Xryma Plc Shifts Focus to Commercial Growth After Infrastructure Pivot
Nicosia-based banktech group Xryma Plc reported a sharp decline in half-year revenue as it prioritized long-term infrastructure over short-term gains. The company, which closed the first half of 2026 with €16.9 million in client revenue, is now transitioning from a phase of heavy strategic investment toward commercial activation.
Technological progress remains the core of the group’s narrative, highlighted by a 77% revenue surge in its Technology Services division to €1.65 million. The firm successfully integrated with the Eurosystem’s T2 platform in June, a milestone that complements ongoing work on its PaidBy payment service and XrymaCoin token. CEO Nikogiannis Karantzis stated that the infrastructure upgrades performed throughout 2025 and early 2026 have positioned the group for better margins and long-term scalability. Following the approval of its prospectus by the Cyprus Securities and Exchange Commission in July, the company is now moving to regain commercial momentum in the fourth quarter of 2026, with revenue growth and operating leverage expected to materialize throughout 2027.
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