- Beeks Financial Cloud Group
- 16 March 2026 13:36:53
Source: Sharecast
The AIM-treaded cloud computing and connectivity provider for financial markets said revenue for the six months ended 31 December fell to £14.65m from £15.79m a year earlier, while gross profit declined to £4.50m from £6.03m.
Underlying EBITDA dropped to £4.12m from £5.74m.
It said underlying profit before tax moved to a loss of £0.69m compared with a £1.89m profit in the prior-year period, while underlying diluted earnings per share were negative 0.68p against 2.61p previously.
On a statutory basis, the group reported a loss before tax of £1.87m compared with a profit of £0.46m a year earlier.
Beeks said the softer first-half performance reflected contract timing and the increasing use of revenue-share models in its Exchange Cloud offering, which defer revenue recognition but were expected to support stronger earnings growth in the second half.
Despite the weaker financial results, the company reported continued commercial progress.
Annualised committed monthly recurring revenue rose 15% to £32.8m, while the total contract value of new deals signed during the period increased 23% to £11.9m.
Operationally, Beeks secured several major Exchange Cloud contracts, including agreements with TMX Group and Nuam, the regional group integrating the stock exchanges of Santiago, Colombia and Lima.
Seven exchanges had now signed up to Exchange Cloud, including four under a revenue-sharing structure.
The company also launched Market Edge Intelligence, an analytics platform designed to deliver AI-driven insights at the colocation edge, with a proof-of-concept customer described as one of the world’s largest banks now in contractual discussions.
Annualised recurring revenue growth and recent contract wins were expected to support second-half results, with around £4.5m of revenue due to be recognised from deals secured late in the first half, alongside deployments related to a disaster recovery site contract with Grupo Bolsa Mexicana and the go-live of two recently secured Exchange Cloud projects.
Chief executive Gordon McArthur said the business was entering the second half with strong commercial momentum.
“While the timing of contract wins and the increasing prevalence of revenue share contracts means the impact of this sales momentum is not reflected in financial performance in the first half, it lays the foundation for significant and enhanced profitable revenue growth in the years ahead,” he said.
The board said the growth in recurring revenue and the current sales pipeline support expectations that the group would deliver a full-year performance in line with market forecasts.
At 1317 GMT, shares in Beeks Financial Cloud Group were down 8.34% at 174.15p.
Reporting by Josh White for Sharecast.com.
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