Half-year revenues and profits have climbed significantly at Beeks Financial Cloud Group plc.
The cloud computing and connectivity provider for financial markets reported a 22% increase in revenues to 拢15.8m for the six months ended 31st December 2024 (H1 FY25), compared to H1 FY24.
Underlying profit before tax is expected to increase 31% to 拢1.8m.聽
Beeks has achieved a positive free cash flow position in the period after working capital movements, with unaudited net cash of 拢6.6m at 31 December 2024, the same as in June 2024.
The company received a delayed post period end payment of 拢1.2m in early January.
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Beeks said that in addition to the approval of a contract with one of the world鈥檚 largest financial exchanges, the group secured a further extension to its contract with the Johannesburg Stock Exchange.
It also secured a major new win with Grupo Bolsa Mexicana de Valores, the second-largest exchange in Latin America.
“We have continued to deliver strong growth in the first half and prove our ability to secure deals with the largest exchanges globally,鈥� said Gordon McArthur, CEO.聽
鈥淲ith a robust business model and an established reputation as a technology provider to financial markets, we are confident in converting our strong pipeline of additional Exchange Cloud opportunities and achieving a full year financial performance in line with the board’s expectations.”