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Aquis Exchange PLC (AQX.L), the exchange services group, is pleased to announce its unaudited results for the six months ended 30 June 2022.
Highlights:
All three divisions were profitable in the period.
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Net Revenue (1) increased 21% to £8.3 million (1H21: £6.9 million) |
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EBITDA at £1.4 million (1H21: £1.6 million) following a significant investment in technology and development headcount to drive future growth |
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Pre-tax profit of £0.7 million (1H21: £1.0 million) |
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Cash and cash equivalents at 30 June 2022 of £13.3 million (30 June 2021: £13.9 million) |
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Membership of Aquis Exchange (AQX) grew to 42 (1H21: 39), with a small decline in average monthly usage reflecting more volatile market conditions |
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Market share of all pan-European trading ended the period at 5.20% in 2Q22 (4Q21: 5.35%) |
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12 new admissions to Aquis Stock Exchange (AQSE) completed during 1H22 (1H21: 14)) |
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Signature of a new significant multi-year technology licence contract |
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Aquis Matching Pool (AMP) successfully launched following the asset purchase from UBS on 4 April 2022, with average monthly market share of c. 0.5% added to the Group total share |
Post-period highlights:
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Currently tracking in line with market expectations for the full year |
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Signature of an additional new significant multi-year technology licence contract |
Alasdair Haynes, Chief Executive Officer of Aquis, commented:
“Our revenues have continued to increase, reflecting the strong momentum across the Group. This growth has been driven by increased contributions from the principal business divisions: pan-European secondary trading, technology sales, primary issuers and data revenues. The continued strength of our offering in this division is demonstrated by our finishing with 5.20% of all pan-European secondary trading by the end of 2Q22. We are also particularly encouraged by the number of new significant technology licenses that continue to be signed as this growing division becomes an increasingly material and important part of our business.
Aquis also successfully completed the asset purchase of the Aquis Matching Pool from UBS and is now able to offer a full product suite to its customers. We will continue to enhance this area and look forward to offering further product innovation in this space to enable clients to execute the trading strategies they wish.
While we anticipate the prevailing economic uncertainty will continue to impact market participants in the short to medium term, we have demonstrated we have the right model, team, technology and vision to deliver shareholder value and look to the future with confidence.”
An overview of the results from Alasdair Haynes, CEO, is available to view on this link:
https://www.brrmedia.co.uk/broadcasts-embed/
The Group will be hosting webinars for analysts and retail investors today at 9.30 and 14.30 respectively.
If you would like to register for the analyst webinar, please contact aquis@almapr.co.uk . Investors who would like to attend the retail investor webinar can sign up to Investor Meet Company for free and add themselves to the meeting via https://www.investormeetcompany.com/aquis-exchange-plc/register-investor . Investors who have already registered will be automatically invited.
(1) Net revenue of £8.3m comprises revenues of £7.9m and impairment credit of £0.4m
