REG - Beeks Fin Cloud Grp - Trading Update and Notice of Results

Beeks Financial CloudAnnouncement

19/02/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250219:nRSS5926Xa&default-theme=true

RNS Number : 5926X  Beeks Financial Cloud Group PLC  19 February 2025

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
(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."

 

For further information please contact:

 Beeks Financial Cloud Group plc
 Gordon McArthur, CEO                             via Alma
 Fraser McDonald, CFO

 Canaccord Genuity                                +44 (0)20 7523 8000
 Adam James / George Grainger

 Alma Strategic Communications                    +44(0)20 3405 0205
 Caroline Forde / Joe Pederzolli / Emma Thompson

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTMZGMZRRLGKZM