Beeks Financial Cloud Group expects revenue to grow 7.5% to 20% in its current fiscal year, the company said today (Monday). Final results for the year to June 30, 2026, put sales at £40.0 million (about $53 million), up 11%, so the forecast implies £43 million to £48 million.
Analytics, the smallest of its four product lines, grew fastest. Revenue there rose to £4.4 million from £0.6 million after the launch of Market Edge Intelligence, an AI system that watches market and network data in real time, and now makes up 11% of group sales.
London's trading industry is coming home!
Based in Renfrew, Scotland, Beeks rents low-latency servers and network links to banks, FX brokers and exchanges . Tier 1 institutions accounted for 65% of its revenue in fiscal 2026, up from 54% a year earlier, according to the results.
The Fiscal Year Opened With Exchange Extensions
Beeks secured about $4 million of Exchange Cloud contract extensions in the first quarter, it said in a separate update. It also added the Stock Exchange of Thailand, its eighth exchange client. Canada's TMX, which signed up in September 2025, was the sixth.
Chief Executive Gordon McArthur called it "a strong start to FY27, in what is typically our quietest quarter."
- Beeks Lands $3 Million Edge Analytics Deal as June Contract Wins Near $10 Million
- Beeks Wins £2.1M Proximity Cloud Deal With FX Broker
- Beeks Financial Cloud Swings to Pre-Tax Loss as Revenue Falls 7%
The board expects an underlying EBITDA margin of 38% to 42% this year, a range that brackets the 40.3% reported for fiscal 2026.
Profit Grew Faster Than Sales
Underlying EBITDA rose 18% to £16.1 million, slightly above the roughly £16.0 million Beeks estimated in its July trading update. The margin on that measure widened by 2.4 percentage points, as underlying administrative costs rose 5%.
Statutory pretax profit climbed 41% to £3.94 million, while underlying diluted earnings per share were flat at 7.62 pence. Recurring revenue made up 70% of the total, against 71% a year earlier.
| Fiscal year to June 30 (£ million) | FY2026 | FY2025 | Change |
|---|---|---|---|
| Revenue | 40.0 | 35.9 | +11% |
| Underlying EBITDA | 16.1 | 13.6 | +18% |
| Underlying pretax profit | 6.3 | 5.5 | +15% |
| Statutory pretax profit | 3.94 | 2.79 | +41% |
| Contracted recurring revenue (ACMRR, constant currency) | 34.0 | 29.5 | +15% |
| Net cash | 0.6 | 7.0 | -91% |
Analytics revenue came from new contracts with three customers, including a five-year, $4.8 million deal with a Tier 1 investment bank signed in June. Licenses and hardware are booked on delivery, so much of that revenue landed in the year the systems went live.
Cash Went Into Hardware Billed Over Five Years
Net cash fell to £0.6 million from £7.0 million. Beeks bought servers for contracts that went live in May and June, while customers pay for them monthly over terms of up to five years.
Contract assets, revenue booked but not yet billed, rose to £17.7 million from £11.6 million, with £4.5 million due to be billed within 12 months. The company took a £1.5 million bank loan and has since agreed an undrawn £5 million revolving credit facility with Barclays.
That strain was already visible in the first-half figures. One Proximity Cloud customer in the fourth year of its contract also disputed the remaining term, and Beeks booked a £0.5 million impairment on the related contract asset.
Proximity and Exchange Cloud revenue slipped to £9.3 million from £10.3 million, which the company put down to the timing of go-lives.
New contracts in that line included a five-year deal with an FX firm that had started as a private cloud client. Private and public cloud, the largest unit, grew 5% to £26.3 million.
Revenue Share, a Network and an AI Stake
Beeks has four revenue-share agreements with exchanges, including one with nuam covering Chile, Colombia and Peru. Together they brought in £0.5 million in fiscal 2026.
Deployments for Kraken, its first crypto exchange client, and the Australian Securities Exchange (ASX) now earn enough to cover their monthly depreciation, the company said.
Kraken also connected its matching engine to Avelacom's network in December 2025.
In analytics, Pico has sold monitoring of trading infrastructure since it agreed to buy Corvil in 2019.
Two Beeks products are due in the third fiscal quarter, from January to March 2027. Beeks Global Network will sell DDoS-protected internet access and private links between financial centers, including to clients that do not host their servers with Beeks.
The second is AI infrastructure built with OmniPhi, in which Beeks has taken a minority stake. OmniPhi's AI trading software will run on Beeks equipment in colocation sites or on clients' premises. Beeks did not disclose the stake's size.
Headcount stood at 115 at the end of June, up from 102 a year earlier.
