REG - Beeks Fin Cloud Grp - Significant Proximity Cloud Wins & Trading Update

Beeks Financial CloudAnnouncement

Yesterday 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:20250714:nRSN8899Qa&default-theme=true

RNS Number : 8899Q  Beeks Financial Cloud Group PLC  14 July 2025

14 July 2025

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Significant Proximity Cloud Wins and Trading Update

Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity
provider for financial markets, is pleased to announce the signing of c.$10
million of Proximity Cloud contracts in June as well as to provide an update
on trading for the year ended 30 June 2025 (FY25).

Significant Proximity Cloud wins and renewals

June marked a record month for Proximity Cloud, with c.$10 million of
contracts signed. Proximity Cloud is a high-performance, dedicated and
client-owned trading environment, fully optimised for low latency trading
conditions and built with security and compliance at the forefront.

The contracts comprise four-to-five year contract wins and renewals for
brokerage and fintech firms, spanning key locations across UAE and Europe. The
wins reflect the growing demand for Beeks' private cloud infrastructure and
reinforce the appeal of the Company's Proximity Cloud offering to global
financial institutions seeking scalable, high-performance infrastructure.
Revenue associated with these deals is set to be recognised across both FY25
and FY26, contributing to a strong start to FY26.

Trading Update

Results for FY25 are expected to once more demonstrate significant
double-digit growth on the prior year, driven by a strong performance across
Beeks' Private, Proximity and Exchange Cloud offerings.

Revenue for FY25 is expected to have increased by approximately 25% to £35.5m
(30 June 2024: £28.5m), with underlying EBITDA growth of 29% to £13.8m (30
June 2024: £10.7m) and underlying profit before tax growth of 41% to £5.5m
(30 June 2024: £3.9m). On a constant currency basis, Beeks has achieved
revenue growth of 26% (£35.9m) and underlying profit before tax growth of 46%
to £5.7m.

Within the FY25 results, £1.3m of revenue related to the Exchange Cloud
contract with Grupo Bolsa Mexicana de Valores (BMV), announced on 18 February
2025, has been deferred into FY26 due to constraints at the Mexico City
Disaster Recovery data centre, delaying the launch of one of the two services
into H1 FY26. The primary site has gone live in recent weeks.

Beeks exited FY25 with approximately 5% growth in ACMRR in the year to £29.5m
(30 June 2024: £28.0m). One of the above contract wins has resulted in a
reduction in ACMRR during the period of £0.7m due to the customer moving from
Private Cloud to a Proximity Cloud solution. Due to the different accounting
treatment, this results in part of the revenue associated with this contract
being recognised upfront.

FY25 has been a year of sales momentum for Beeks, demonstrating Beeks' ability
to convert its substantial pipeline into multi-year wins. Major deals signed
in the year include three significant multi-year Exchange Cloud wins, with
BMV, the Australian Securities Exchange, and Beeks' first cryptocurrency
exchange, Kraken, an extension with the JSE and the large Exchange Cloud
approval announced in H1, as well as a multi-year Proximity Cloud contract
with a leading global FX broker and the wins in June.

Beeks continued to achieve a positive free cash flow position over the year
with unaudited net cash of £6.96m at the period end (30 June 2024 net cash of
£6.58m) notwithstanding both FX translation impact of approximately £0.5m
alongside significant investment into the hardware infrastructure required to
deliver the Proximity and Exchange Cloud deals signed during H2. Operating
cash flows from these deals are due to commence during FY26.

The Group's pipeline continues to grow, with advanced discussions taking place
with existing and prospective customers across the globe and across all of
Beeks' product offerings. As such, the Board is confident in continued
momentum into FY26 and beyond.

The above indicative financial results are subject to audit. The Group expects
to release final results for FY25 in early October 2025.

Gordon McArthur, CEO of Beeks, commented: "Consistent with previous years, we
are yet again set to deliver significant double digit growth. The steady flow
of new customer wins, as well as the significant expansion potential across
our existing customer base, serve as a testament to the value of our product
offerings, our ability to execute on sales, and our established position as a
leading technology provider for financial markets. We enter FY26 with ongoing
confidence in our ability to convert the strong pipeline of opportunities
across our offerings."

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018.

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  TSTGPUQPMUPAGMW