Beeks Financial Cloud Group chief executive Gordon McArthur hailed “another landmark year” as the Scottish fintech company posted a 41% increase in underlying profit before tax.
Revenue for the year to the end of June rose 26% as the Renfrewshire provider of solutions to the financial markets was boosted by a number of contracts with international stock exchanges.
Deals were secured with the Australian Securities Exchange, Grupo Bolsa Mexicana de Valores, Kraken, and post-period end, a division of the TMX Group, the owner of the Toronto Stock Exchange.
There has been continued expansion with existing customers, including a further Exchange Cloud contract extension with the Johannesburg Stock Exchange to meet strong customer demand.
Several multi-year wins and renewals have been agreed across brokerage and fintech firms, including a leading global FX broker.
The board said that even at this early stage of its financial year it is confident in achieving results for FY26 in line with its expectations.
Mr McArthur said: “FY25 has been another landmark year for Beeks. Yet again we have achieved double-digit growth in revenue and profitability, strengthened our recurring revenue profile and secured significant contracts with some of the world’s largest financial institutions.
“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.
“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.”
Underlying profit before tax increased 41% to £5.5m (2024: £3.9m) on a 26% rise in revenue to £35.9m (2024: £28.5m). Statutory profit before tax increased to £2.79m (2024: £1.46m)
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