Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Trading Update and Notice of Results

Trading in line with expectations with building Exchange Cloud momentum

19 February 2025 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, provides an update on trading for the six months ended 31 December 2024 (H1 FY25).

Trading in H1 FY25 has been in line with Board expectations, with revenues expected to increase 22% to £15.8m (H1 2024 £13.0m) and underlying Profit before tax expected to increase 31% to £1.8m (H1 2024 £1.4m). 

Beeks has achieved a positive free cash flow position in the period after working capital movements, with unaudited net cash of £6.6m at 31 December 2024 (June 2024 net cash of £6.6m), with the company having received a delayed post period end payment of £1.2m in early January.

Strong Exchange Cloud momentum has continued. In addition to the approval of the contract with one of the largest exchanges globally, the Group was pleased to secure a further extension to the Johannesburg Stock Exchange contract and, post-period end, a major new win with Grupo Bolsa Mexicana de Valores, the second-largest exchange in Latin America.

The Board continues to be confident in achieving results for FY25 in line with its expectations, underpinned by a robust business model and increasing Exchange Cloud momentum.  

Notice of Results and Investor Presentation

Beeks will issue its results for the six months ended 31 December 2024 on 17 March 2025. The Company will provide a live presentation relating to the HY25 Results on 19 March 2025, 13:00 GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 18 March 2025, 09:00 GMT, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Beeks via: https://www.investormeetcompany.com/beeks-financial-cloud-group-plc/register-investor

Investors who already follow Beeks on the Investor Meet Company platform will automatically be invited.

Gordon McArthur, CEO at Beeks, commented: "We have continued to deliver strong growth in the first half and prove our ability to secure deals with the largest exchanges globally. With 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."

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About Beeks

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year. Beeks Group now employs over 100 team members across the globe with the majority based at our Renfrew HQ.

Find out more at beeksgroup.com