Aquis Exchange PLC released a trading update and notice of results for the year ending December 31, 2024. The company reported a 3.5% increase in net revenue to £10.0m for the first half of the year and a strong cash position of £14.5m. Aquis Markets, one of the companys four divisions, saw its market share grow to 5.20%, while Aquis Technologies has a strong pipeline of potential new contracts. Aquis Data revenues increased by 17%, and Aquis Stock Exchange experienced growth in trading volumes and fundraising levels despite a challenging market for primary listings.
The company plans to invest an additional £6.2m in Aquis Technologies over the next three years to enhance its competitive positioning and target more technology contracts. However, a recent contract non-renewal is expected to impact net revenues and profits for the second half of 2024.
Overall, Aquis Exchange PLC remains well-positioned in the market and continues to invest in growth opportunities, with a focus on delivering its strategic objectives. The company will announce its results for the first half of 2024 on September 12, 2024, and host a live investor presentation through the Investor Meet Company platform.