Gordon McArthur – CEO of Beeks Financial Cloud

The new agreements, worth a combined total of approximately £3.12 million, build upon a strong start to the current financial period.

The AIM-listed company has signed a three-year Private Cloud contract with a major Canadian bank, valued at $1.5m (c. £1.12m). The Beeks Private Cloud solution offers a scalable computing platform that resides either within a client’s own facility or a data centre of their choice.

Additionally, Beeks has secured a £2m extension to a recent contract with a large FX broker for its Proximity Cloud service. This extension brings the total value of the FX broker agreement to £4m over a five-year term. Proximity Cloud is a high-performance, client-owned trading environment optimised for low-latency conditions.

Revenue from both new contracts is expected to commence in the second half of FY26.

These wins follow what CEO Gordon McArthur described as a “landmark year” for the business. In October, the company reported a 26% increase in annual sales to £35.9m, alongside a 91% surge in pre-tax profits to £2.8m.

While the company has seen operational success, it noted that investors have been monitoring a strategic shift regarding its exchange cloud contracts. Beeks is moving away from upfront payments toward a revenue-sharing model. Although this transition is expected to impact near-term revenue recognition, management believes it will ultimately secure more predictable, long-term recurring revenue.

Mr McArthur said: “As described at the me of our final results, we have a wide range of opportunies progressing through our sales pipeline across the breadth of our product offering, demonstrating the growing appetite for our cloud comptung and connectivity solutions across the global financial markets.

“With the proof of concept for our newest offering, Market Edge Intelligence, progressing to plan, opening up a significant additional market for the group, and exchange cloud contracts with major exchanges approaching completion, we remain confident in continued momentum across our business.”