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 ยฃ10.0m for the first half of the year and a strong cash position of ยฃ14.5m. 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 ยฃ6.2m 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.
The text provided does not mention any specific debt figures for either year. However, it does mention that the company had a "strong cash position" of ยฃ14.5 million as of 30 June 2024, indicating a healthy financial state.