Press release
Black Banx reports USD 1.6 billion pre-tax profit in the first quarter of 2025
The cost/income ratio improved to 63%, compared to 69% in Q1 2024 and 68% at year-end 2024, reflecting continued focus on scalable growth and cost discipline. Black Banx's global customer base expanded to 78 million clients as of March 2025, up from 69 million at the end of 2024.
"Our Q1 results mark a powerful start to the year and validate our long-term strategy," said Michael Gastauer, Group Chief Executive Officer. "By combining strong client acquisition with intelligent automation, we've created a business model that drives profitability while enhancing service quality. Surpassing USD 1.6 billion in quarterly profit for the first time shows what's possible when innovation and execution come together."
Daniel Dumitrascu, Group Chief Financial Officer, added: "This exceptional quarter demonstrates the scalability of our platform and the financial resilience of our business model. Revenue growth across all customer segments, coupled with disciplined cost management, has positioned us to deliver even greater shareholder value in 2025. We remain focused on further optimizing our capital structure, supporting expansion, and delivering consistent returns."
Black Banx credited its robust performance to increased monetization of its client base across both private and business segments, growth in international payment volumes, and greater use of AI to optimize customer onboarding, fraud detection, and service delivery
Strategic Priorities for 2025:
- Grow the customer base to over 100 million by year-end
- Continue improving operational efficiency and reduce the cost/income ratio
- Accelerate expansion into underbanked regions in Africa, South Asia and Latin America
- Enhance shareholder value through strong earnings and capital distributions
About Black Banx:
Black Banx Group is a leading global fintech, serving over 78 million customers across more than 180 countries. With over 8,700 employees and offices on four continents, the Group delivers secure and all inclusive digital banking services to individuals, businesses, and institutions worldwide. Black Banx is committed to innovation, financial accessibility, and seamless crossborder financial solutions.
Media Contact
Company Name: Black Banx Group Holdings Inc.
Contact Person: Ralf Mueller, PR Manager
Email: Send Email [http://www.universalpressrelease.com/?pr=black-banx-reports-usd-16-billion-pretax-profit-in-the-first-quarter-of-2025]
City: London
Country: United Kingdom
Website: https://blackbanx.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. GetNews makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Black Banx reports USD 1.6 billion pre-tax profit in the first quarter of 2025 here
News-ID: 3995333 • Views: …
More Releases from Getnews
Huntsville's Premier Boutique Apartment Complex, The Monarch Downtown, Announces …
The Monarch Downtown is where old-fashioned design and modern living come together, offering the perfect home for elevated lifestyles in the heart of downtown Huntsville, Alabama
Image: https://www.globalnewslines.com/uploads/2025/09/b305c492971ad06615f74e38d52de503.jpg
The Monarch Downtown [https://themonarchdowntown.com/] is officially opening its doors, bringing an exciting new option for elevated living in the heart of downtown Huntsville, Alabama. The Monarch Downtown seamlessly weaves together timeless history and modern amenities to deliver a highly sought after new apartment complex…
Modern App Be-Maps Is Connecting People on the Map
Image: https://www.globalnewslines.com/uploads/2025/09/3fe454655cc81db5cffdc452879e5291.jpg
A free mobile application designed to enhance personal safety and communication through your Private Location [https://play.google.com/store/apps/details?id=com.be_maps.be_maps] Sharing Group.
It connects the users on a map [http://www.be-maps.com] with their trusted contacts, who can help each other from a distance. Very useful for close friends or families.
With Be-Maps you may support safer commuting, travel, private and workplace environments. The app is built to assist in unsafe or emergency situations by offering alerts,…
Nightlight Anesthesia Partners with Oregon Dentists to Provide Anxiety-Free Visi …
For patients experiencing dental anxiety, sedation dentistry offers a safe and effective option. Nightlight Anesthesia's team of sedation dentistry experts are now partnering with Oregon dentists.
SHERWOOD, OREGON - SEPTEMBER 4th, 2025 - Nightlight Anesthesia [https://www.nightlight-anesthesia.com/] is providing partnerships for Oregon-based dentists and oral surgeons who want to provide amazing care for patients who are anxious about having dental procedures such as wisdom teeth extraction, implant placement, and other services done.
Image:…
Hana Dhanji Champions a New Era of Leadership: Alignment, Purpose, and Sustainab …
Image: https://www.globalnewslines.com/uploads/2025/09/1757011682.jpg
Hana Dhanji, Toronto, ON, Canada.
Executive Coach and Lawyer Says Burnout is a Warning Sign-Not a Badge of Honour
Executive coach and former corporate lawyer Hana Dhanji is calling for a transformative shift in how high-achieving professionals, especially women, define and pursue success. In a wide-ranging interview this week, Dhanji shared insights from her extensive legal and coaching career, emphasizing that career achievement should not come at the cost of…
More Releases for Black
Recycled Black Mass & Black Powder Latest Market Analysis Report 2025
On Mar 3, 2025, Global Info Research released a research report titled "Global Recycled Anode Black Powder Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides detailed data analysis of the Recycled Anode Black Powder market from 2020 to 2031. Including the market size and development trends of Recycled Anode Black Powder Market, it analyzes market size indicators such as sales, sales volume, average price…
Black Mass Recycling Market Black Gold in Disguise: The Rise of Black Mass Recyc …
Black Mass Recycling Market to reach over USD 51.22 billion by the year 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Black Mass Recycling Market Size, Share & Trends Analysis Report By Battery Source (Automotive, Industrial, And Portable Batteries), Technology (Hydrometallurgy, Pyrometallurgy), Recovered Metal (Nickel, Cobalt, Lithium, Copper, Manganese), And Application (Automotive, Consumer Electronics, Energy, Aerospace And…
"Black To The Future: Black Prosperity & Progress" Event Promises Unforgettable …
As Black History Month comes to a close, the local South Florida Chapters of Startup Grind and Founders Live are proud to join forces to host "Black To The Future: Black Prosperity & Progress," a dynamic celebration of Black achievements and contributions. Scheduled to take place on February 27th, this event promises to be an inspiring and empowering evening that will sell out quickly.
Attendees will have the opportunity to immerse…
Join the Celebration of Black Music Month with "Black House Black Joy" Podcast a …
FOR IMMEDIATE RELEASE
Newark, NJ - "Black House Black Joy" Podcast and WBGO Studios are thrilled to invite the public to a remarkable celebration of Black Music Month, honoring the profound influence of House Music in New Jersey and beyond. This collaborative event promises to be a unique opportunity for individuals to engage with the captivating stories and sounds that have shaped a community and continue to resonate today.
At its core,…
Black Sci-Fi is the New Black
Black Sci-Fi is the New Black.
Black Science Fiction writers & their stories are exploding onto the big screen telling epic tales that captivate and excite. Underfunded and underrepresented, Black writers in the science fiction genre sustain a perilous journey to deliver their precious works to waiting audiences. Beady Beats Music announces acquisition of the latest sci-fi script penned by controversial screenwriter, Saab Lofton.
"Hi, I'm a columnist with The Seattle Times,…
Black is the New Black
Whilst many people avoid using black furnishings and décor items to avoid darkening the atmosphere and mood, when used with a touch of panache and teamed with the right décor items, black really can be the last word in snazzy style. A black rug really can be the home décor equivalent of the little black dress - delivering an elegant and polished sense of style to any seating space.…
