Revenue Growth: Our revenues experienced a remarkable growth of 20.7%, reaching €27.4 million. This growth is a testament to the clear preference demonstrated by our customers, as they continue to shift away from traditional credit card payments towards lower-cost instant and batched interbank payments.
Profit After Tax: We are proud to report that our profit after tax for the year 2022 amounted to €3.7 million, showcasing a significant increase of 171% compared to the previous year. This achievement highlights the strong financial performance and effective strategies employed by our team.
Strengthened Financial Position: Despite investments made in NSX totaling A$1.6 million (€ 0.9m ) and the early repayment of the convertible note amounting to A$2.3 million (€1.5 million), our cash at bank increased by approximately €1 million. This growth in our financial reserves demonstrates our commitment to sustainable financial management.Open Banking Demand: The Group has positioned itself effectively to meet the increasing demand for open banking payments, and our efforts have yielded promising results. During the fourth quarter of 2022, open banking Transactional Processed Volume (TPV) soared to €134.4 million, marking a remarkable 103% increase compared to the previous quarter and an outstanding 600% increase compared to the same quarter of the prior year. This strong growth affirms our ability to capitalize on emerging trends in the financial industry.
SP1 Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
