Beeks Financial Cloud Group chief executive Gordon McArthur hailed “another landmark year” as the Scottish fintech company posted a 26% surge in sales and 41% increase in underlying profit before tax.

The Renfrewshire-based provider of solutions to the financial markets was boosted by a number of contracts with international stock exchanges.

Deals were secured with the Australian Securities Exchange, Grupo Bolsa Mexicana de Valores, Kraken, and post-period end, a division of the TMX Group, the owner of the Toronto Stock Exchange.

There has been continued expansion with existing customers, including a further Exchange Cloud contract extension with the Johannesburg Stock Exchange to meet strong customer demand.

Several multi-year wins and renewals have been agreed across brokerage and fintech firms, including a leading global FX broker.

The board said that even at this early stage of its financial year it is confident in achieving results for FY26 in line with its expectations.

Despite progress on earnings, shares in the group are well off their 327p February peak, closing the session 17p, or 7.73%, lower at 203p.

Chief executive Gordon McArthur, who owns 30% of the stock, said the board of the AIM-quoted company was considering paying a first dividend, though it was not under any pressure from its shareholders.

“Maybe,” he said. “The big institutions would rather cash was used for growth. We are looking at it in the short term.”

He said the company had seen the time taken to secure orders had shortened as word spreads about the effectiveness of the company’s products.

“FY25 has been another landmark year for Beeks,” he said. “Yet again we have achieved double-digit growth in revenue and profitability, strengthened our recurring revenue profile and secured significant contracts with some of the world’s largest financial institutions.

“The sales environment continues to shift towards cloud adoption. Following two years of market education, in which we have strengthened our sales team, increased our marketing activities, and delivered demonstrable results for leading exchanges around the world, we believe we are now a well-established and highly regarded player in the financial markets infrastructure.

“We are continuing to capture a market that increasingly recognises our solutions as a ‘must-have’ addition.

“We move into FY26 in a strong position, bolstered by a widened offering and a record pipeline of opportunities, providing confidence in sustained growth during FY26 and beyond.”

Underlying profit before tax  increased 41% to £5.5m (2024: £3.9m) on a 26% rise in revenue to £35.9m (2024: £28.5m). Statutory profit before tax increased to £2.79m (2024: £1.46m).

Analysts at Canaccord Genuity said the sales growth made Beeks one of the Top 3 organic growers in UK SMIDcap TMT.  It is projecting a 14% increase in sales to £41m and a 34% rise in earnings.