The Hillington-based company says it has achieved double-digit growth, driven by strong performance across its private, proximity, and exchange cloud offerings. Revenue increased by 27%, underlying EBITDA by over 27%, and underlying profit before tax by 67%.

Key wins in H2 FY24, including an extended contract with the Johannesburg Stock Exchange and a deal with a major banking group, contributed to Beeks’ increasing recurring revenue. The company maintained a positive free cash flow position, ending the period with unaudited net cash of £6.58 million.

While a third exchange cloud contract with a global exchange awaits regulatory approval, progress has been made and updates are expected soon. Beeks’ Exchange Cloud pipeline continues to grow, with advanced discussions ongoing with major exchanges worldwide.

The above indicative financial results are subject to audit. The company expects to release audited results for FY24 in early October 2024.

Gordon McArthur, CEO at Beeks, commented: “We are delighted to have delivered another set of record financial results and a further year of significant growth.

“The increased traction of our products is testament to Beeks’ growing reputation across the financial markets as technology provider of choice.

“We are confident in our ability to continue satisfying strong demand for our solutions and we remain focused on the conversion of our substantial pipeline.”