BeeksFinancial Cloud Group said today (Wednesday) that revenue rose about 11% toroughly £40.0 million (about $53.6 million) in the year through June, meetingmarket expectations on the back of what it called a record second half. The companyalso reported that its net cash position shrank to around £0.63 million from£6.96 million a year earlier, after front-loading spending on its exchangeinfrastructure.The figuresare unaudited, and Beeks expects to publish audited results for the year endedJune 30 in October. The update follows a first half in which revenue slipped 7% as the company moved exchangeclients onto revenue-sharing contracts that delay when income lands on thebooks.Record Second Half Offsetsa Weak StartFull-yearrevenue of about £40.0 million compares with £35.9 million a year earlier. On aconstant-currency basis, the company put growth at 12%, or £40.7 million.That marksa slowdown from the 26% revenue growth Beeks reported forfiscal 2025, and itpoints to an uneven year. With first-half sales down 7% at £14.7 million, mostof the annual total landed in the second six months.Underlyingearnings before interest, taxes, depreciation and amortization rose about 18%to roughly £16.0 million, the company said, while underlying pre-tax profitincreased about 13% to around £6.2 million. On a constant-currency basis,underlying pre-tax profit was up 18% at £6.5 million.Source:Beeks Financial Cloud FY26 trading update. FY26 figures unaudited. ACMRR shownon a constant-currency basis, with the FY25 comparative as at June 30, 2025.Infrastructure SpendingDrains the Cash BalanceGross cashended the year at £5.37 million, down from £7.36 million, while net cash fellto about £0.63 million from £6.96 million. The company attributed the drop toupfront investment, weighted toward the end of the year, to support newExchange Cloud revenue-share deployments and added capacity in its ProximityCloud and Private Cloud lines.Several ofthose deployments are now cash-flow positive, the company said. It framed thespending as the driver behind growth in annualized committed monthly recurringrevenue, a measure it uses to gauge predictable future income.Thatmetric, known as ACMRR, rose 15% on a constant-currency basis to £34.0 millionat year-end, from £29.5 million a year earlier. Beeks said the figure gives itvisibility into fiscal 2027, though revenue-share income ultimately depends onclient trading activity the company does not control.Rivals Crowd the ExchangeInfrastructure MarketBeekscompetes in a field of firms selling connectivity, colocation and hosting toexchanges and trading firms. Options Technology went public in April with adirect connection to Japan's alternative venue JAX, three months after rivalTNS disclosed its own link to the same exchange in January.Pico, which provides cloud infrastructure forfinancial markets across dozens of data centers, and Avelacom, a low-latencynetwork operator, round out a group chasing the same institutional customers.AI Analytics Product LandsThree Early WinsBeeks alsopointed to early traction for Market Edge Intelligence, the AI andmachine-learning analytics platform it launched lastyear to monitormarket and infrastructure data. The company said it signed three customerswithin months of launch: one of the world's largest banks, a North Americanexchange operator and a global financial services provider.Adoption ofthe product "has exceeded our expectations," Chief Executive GordonMcArthur said. The companysaid the wins signal demand from large financial firms, though it did notdisclose contract values or how much revenue the platform brought in.Kraken and ASX TurnProfitable on Revenue ShareTwo moreExchange Cloud deployments, with Canada's TMX and South America's nuam, wereannounced during the year. Kraken, Beeks's first crypto exchange customer,moved to a second phase after selling out the first, the company said.Kraken andAustralia's ASX now generate monthly profits under the revenue-share model,according to Beeks. Kraken has been building out its institutional plumbingahead of a planned public listing, including a December deal that connected its matching engine toAvelacom's network.Beeksexpects to release audited FY26 results in October. Until then, the headlinefigures remain unaudited, including the net cash balance that has fallen to afraction of last year's level.This article was written by Damian Chmiel at www.financemagnates.com.