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Beeks Financial Cloud Group PLC on Monday said profit almost doubled during its most recent financial year on double-digit topline growth, driven by Proximity and Exchange Cloud contract wins. The Glasgow-based cloud computing and connectivity provider for financial markets said pretax profit nearly doubled to £2.8 million in the year that ended June 30, from £1.5 million a year earlier. Revenue rose 26% to £35.9 million from £28.5 million, while other income grew 87% to £694,000 from £371,000. This was particularly driven by growth in Proximity and Exchange Cloud revenue, which jumped to £10.3 million from £3.5 million the year before. The firm secured ‘major’ Exchange Cloud contracts during the year, including with the Australian Securities Exchange, Kraken and Grupo Bolsa Mexicana de Valores. Several ‘significant’ Proximity Cloud contracts were also signed. Underlying earnings before interest, tax, depreciation and amortisation improved 27% to £13.6 million from £10.7 million. ‘The sales environment continues to shift towards cloud adoption. Following two years of market education, in which we have strengthened our sales team, increased our marketing activities, and delivered demonstrable results for leading exchanges around the world, we believe we are now a well-established and highly regarded player in the financial markets infrastructure. We are continuing to capture a market that increasingly recognises our solutions as a ’must-have’ addition,’ said Chief Executive Officer Gordon McArthur. ‘The launches of the revenue share model for Exchange Cloud and the first-of-its-kind Market Edge Solution enhance the scale of our opportunity and the quality of our earnings. We move into FY26 in a strong position, bolstered by a widened offering and a record pipeline of opportunities, providing confidence in sustained growth during FY26 and beyond.’ The company remains ‘confident’ in achieving financial 2026 results in line with its expectations, though it did not on Monday provide any specific full-year forecast. Shares in Beeks Financial Cloud were down 9.1% at 200.00 pence in London on Monday morning. The stock is down 26% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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