Kerry fintech Fexco sees turnover rise to €194.8m but profits fall as firm continued on acquisition footing

Financial results for 2025 show group income reaching €194.8m

Fexco chief executive Neil Hosty. The Kerry firm announced its financial results for the year ended December 2025, with group income reaching €194.8m, from €192.9m in 2024. Profit before tax was €13.2m, compared with €22.8m in the previous year.

Irish financial services and payments fintech Fexco saw its profits fall 42% to €13.2m despite rising income, as the company invested in AI, and continued international acquisitions.

On Monday, the Kerry firm announced its financial results for the year ended December 2025, with group income reaching €194.8m, from €192.9m in 2024. Profit before tax was €13.2m, compared with €22.8m in the previous year. Fexco is headquartered in Killorglin and employs more than 3,600 people across 60 countries.

In 2025, Fexco said it invested significantly strengthening its business services division to give it an "increasingly diversified earnings base and a growing proportion of recurring revenues".

“2025 was a significant year of investment for Fexco. Strong growth across our Business Services activities has further broadened the Group’s earnings profile. We are already seeing the benefits in our 2026 financial performance," said Fexco Group chief executive Neil Hosty.  

"Recent acquisitions are integrating well, new technologies are scaling across the business, and customer demand remains strong. Alongside this, we continue to see significant growth in our newer businesses, such as our orchestration platform, payUnite, which is onboarding new partners and expanding into new verticals as we invest to scale the business. A broader earnings base, sustained investment and continued strength in our core markets position Fexco well to deliver long-term growth.”

PayUnite is Fexco's proprietary payment orchestration platform, which supports more than 40% of the global cruise industry. PayUnite saw transaction volume up 21% in 2025, and in 2026, that growth has continued, up 35% in the year-to-date.

Fexco also continued to expand its dynamic currency conversion business in North America and Latin America. In the UK, Fexco completed the acquisition of Sainsbury’s Travel money.

Fexco expanded its Property Services business through the acquisitions of Esskay and JCF, increasing its UK footprint and bringing the number of properties serviced to more than 100,000 units. The business also developed two new property management offerings, Burren and Renata, focused on the luxury segment of the market.

"Looking ahead, the group is already seeing encouraging momentum from investments made during 2025 across Payments and FX, and Business Services divisions, and expects to benefit from a full-year contribution from recent acquisitions, including Sainsbury’s Travel money, Esskay, JCF, and the additional investment in KSNPM, which completed in July 2026," a Fexco statement said.

"While remaining alert to volatility in international travel and payment patterns, including geopolitical conflicts, particularly in the Middle East, Fexco will continue to evolve its core businesses, proprietary technology, AI-enabled solutions and talent, supporting sustainable long-term growth."