Beeks Financial Cloud, the Scotland-based technology provider for financial markets, has signed contracts worth about $10 million in June.

The four-to-five year contract wins and renewals for brokerage and fintech firms span key locations across UAE and Europe. The Aim-quoted company says they reflect the growing demand for Beeks’ private cloud infrastructure.

Revenue associated with these deals is set to be recognised across both FY25 and FY26, contributing to a strong start to FY26.

Results for FY25 are expected to once more demonstrate significant double-digit growth on the prior year, driven by a strong performance across Renfrewshire-based Beeks’ cloud offerings.

Revenue for FY25 is expected to have increased by approximately 25% to £35.5m (30 June 2024: £28.5m), with underlying EBITDA growth of 29% to £13.8m (30 June 2024: £10.7m).

Underlying profit before tax growth is due to come in 41% higher at £5.5m (30 June 2024: £3.9m). On a constant currency basis, Beeks has achieved revenue growth of 26% (£35.9m) and underlying profit before tax growth of 46% to £5.7m.

FY25 has been a year of sales momentum for Beeks, “demonstrating its ability to convert its substantial pipeline into multi-year wins”.

The group’s pipeline continues to grow, with advanced discussions taking place with existing and prospective customers around the globe and across all of Beeks’ product offerings. As such, the board is confident in continued momentum into FY26 and beyond.

Gordon McArthur, CEO, commented: “Consistent with previous years, we are yet again set to deliver significant double digit growth.

“The steady flow of new customer wins, as well as the significant expansion potential across our existing customer base, serve as a testament to the value of our product offerings, our ability to execute on sales, and our established position as a leading technology provider for financial markets.

“We enter FY26 with ongoing confidence in our ability to convert the strong pipeline of opportunities across our offerings.”

The group expects to release final results for FY25 in early October.