WEALTH September 28, 2026 0 Comments

Why Fexco’s Profit Dip Could Signal a Game-Changing Move in AI and Acquisitions You Can’t Afford to Ignore

Ever wonder why a company would let nearly €10 million slip through its fingers—intentionally? Well, Fexco, the savvy Kerry-based financial powerhouse, did just that in 2025 by diving headfirst into the wild world of technology and artificial intelligence. Sure, their profit before tax dipped by a hefty 42% to €13.2m from €22.8m, but this isn’t a tale of failure—it’s a calculated move, a savvy chess game where investing heavily today means dominating tomorrow. They didn’t just play it safe; Fexco expanded internationally, integrated new acquisitions, and broadened their business services, all while boosting group income ever so slightly from €192.9m to €194.8m. CEO Neil Hosty summed it up perfectly—2025 was about planting seeds for long-term growth, and the early fruits are already showing. So, is short-term profit loss the new path to sustainable success? Grab a seat, because Fexco’s journey might just rewrite the rules on smart investing in fintech and beyond. LEARN MORE

Profit before tax at Fexco declined by nearly €10m last year as the Kerry-based financial services group invested in technology and artificial intelligence.

Fexco made a profit of €13.2m in 2025, down 42% from €22.8m, reflecting those planned investments as well as international expansion and the integration and development of acquired businesses.

Group income increased €1.9m from €192.9m to €194.8m during a year in which Fexco grew its business services division, helping to further diversify its earnings base and grow its 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 Neil Hosty, CEO of Fexco Group.

“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.”

Within its payments business, Fexco continued to invest in payUnite, its proprietary payment orchestration platform, which processes all payment types and currently supports more than 40% of the global cruise industry.

payUnite’s performance in the year vs prior year saw transaction volume up 21%, and in 2026, that growth has continued, up 35% year-to-date.

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

Within business services, Fexco broadened its capabilities through investment in managed services, advisory services, AI-enabled solutions and digital innovation, along with a strong increase in its client footprint across the core business.

This included the expansion of its advisory services business in 2025. The division also committed resources to preparing for the acquisition of KSNPM, which was completed in July 2026.

Fexco also 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, Fexco is seeing encouraging momentum from its 2025 investments across payments, foreign exchange and business services.

The group expects to benefit from the Sainsbury’s Travel Money, Esskay and JCF acquisitions as well as its additional investment in KSNPM over the summer.

(Pic: file)