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Highlights:

  • BKS reports FY25 revenue growth of 25% YoY to GBP 35.5 million
  • BKS signs GBP 10 million in Proximity Cloud contracts in June 2025
  • BKS FY25 profit before tax rises 41% YoY; FY26 to see deferred revenues

Beeks Financial Cloud Group plc (LSE:BKS), a UK-based cloud computing and connectivity provider for financial markets, has announced that it signed approximately GBP 10 million in Proximity Cloud contracts during June 2025. The company also provided a trading update for the financial year ended 30 June 2025 (FY25), indicating continued growth across its core offerings, including Private Cloud, Proximity Cloud, and Exchange Cloud services.

The Proximity Cloud contracts span four- to five-year terms and include new wins and renewals from brokerage and fintech clients across the UAE and Europe. These deals represent a record month for Proximity Cloud and reflect increasing demand for low-latency trading infrastructure. Beeks stated that revenue from these contracts will be recognised across FY25 and FY26, contributing to early momentum for the new fiscal year.

For FY25, Beeks expects revenue to rise by approximately 25% year-over-year to GBP 35.5 million, up from GBP 28.5 million in FY24. On a constant currency basis, revenue is estimated at GBP 35.9 million, up 26%. The group also anticipates underlying EBITDA to increase by 29% to GBP 13.8 million, while underlying profit before tax is projected to grow 41% to GBP 5.5 million.

A portion of anticipated FY25 revenue specifically GBP 1.3 million tied to the Exchange Cloud contract with Grupo Bolsa Mexicana de Valores (BMV) has been deferred to FY26. This follows a delay in launching one of two services due to data centre constraints in Mexico City. However, Beeks confirmed that the primary site has recently gone live, and revenue recognition is expected in the first half of FY26.

As of 30 June 2025, Beeks reported an annualised committed monthly recurring revenue (ACMRR) growth of approximately 5%, reaching GBP 29.5 million compared to £28.0 million in FY24. One customer transitioned from Private Cloud to a Proximity Cloud setup during the year, leading to a GBP 0.7 million reduction in ACMRR due to upfront revenue recognition differences.

The company maintained a positive free cash flow position for the year, ending FY25 with unaudited net cash of GBP 6.96 million, compared to GBP 6.58 million the previous year. This was achieved despite investing significantly in hardware to support recent cloud contract wins and absorbing around GBP 0.5 million in foreign exchange translation impacts.

FY25 marked a year of increased deal flow for Beeks. In addition to Proximity Cloud contracts, the company secured three multi-year Exchange Cloud agreements, including those with BMV, the Australian Securities Exchange, and its first cryptocurrency client, Kraken. It also extended its partnership with the Johannesburg Stock Exchange (JSE).

Management noted that the sales pipeline remains active, with ongoing discussions with existing and prospective clients across all service categories. The company expects continued momentum in FY26, backed by recent contract wins and a growing client base. Final audited results for FY25 are expected to be released in early October 2025.

BKS trading at 3.51% lower at GBX 204.55 per share as on 14 july 2025.