Aquis Exchange PLC, the creator and facilitator of next-generation financial markets, is pleased to announce its unaudited results for the six months ended 30 June 2023.

Highlights:

• Net revenue up 17% to £9.7m (H122: £8.3m)
• EBITDA up 26% to £1.7m (H122: £1.3m)
• Profit before tax up 64% to £1.1m (H122: £0.7m)
• Basic earnings per share 3.8p (H122: 2.5p)
• Cash and cash equivalents of £13.9m (H122: £13.3m)

• All four divisions were profitable in the period:
  • Aquis Markets – Further diversification of the product suite, with addition of Dark to Lit Sweep
  • Aquis Technologies – Contract pipeline continues to develop in line with expectations
  • Aquis Data – Revenues up 34%; significant progress towards an EU consolidated tape
  • Aquis Stock Exchange – Welcomed five new listings despite tough market conditions and low admissions throughout the market

Post-period highlights

• Change to Aquis’ proprietary trading rule announced, further enhancing range of execution options available to members
• Investment in OptimX Markets adds additional connectivity to Aquis Matching Pool (AMP) and provides clients with ability to cross large blocks

Aquis CEO, Alasdair Haynes said:

 “2023 so far has been a year of continued momentum for Aquis, with revenues continuing to increase across all divisions.

“Following the successful integration of the Aquis Matching Pool in 2022, Aquis Markets has seen increased revenues. We have also worked to further diversify the products that will be made available to members, adding block trading via OptimX Markets and changing our proprietary trading rule to give members greater execution choice along with best execution outcomes.  These changes are laying the foundations for future growth in market share over the medium-term.

“Our technology contract pipeline has continued to develop as expected, with a renewal and an extension over the period demonstrating the long-term nature of these relationships.

“Within Aquis Data, we were pleased to see significant progress towards an EU consolidated tape during the period, which is likely to disproportionately benefit Aquis.

 “And finally despite challenging market conditions, we remain positive on the long-term potential of the Aquis Stock Exchange, which remains profitable.

“With economic uncertainty continuing to affect all market participants, we are pleased to be delivering continued growth, strategic progress and value for shareholders. We have had a positive start to 2023, with continued revenue growth across all divisions and trading remains in line with Board expectations for the full year.”

An overview of the results from Alasdair Haynes is available to view on this link.

Source: Aquis