Results for the period ended 30 June 2022
© Aquis Exchange PLC 2022. This report is for the general information only and does not constitute investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. Although care is taken to ensure that that the information is accurate and up to date, Aquis Exchange PLC cannot accept any responsibility for mistakes or omissions.
Aquis Exchange PLC at a glance | |||||||
The Company | Aquis Exchange PLC | ||||||
Aquis | Aquis Stock | Aquis | |||||
3 Divisions | Exchange | Exchange (AQSE) | Technologies | ||||
Operator of MTFs | Primary listings | Developer of | |||||
and related services | and trading businesses | exchange technology | |||||
and services | |||||||
Multiple Products & Services | ▪ | MTF (UK & France) | ▪ | AQSE Main Market (RIE) | ▪ | Aquis Matching Engine | |
▪ | AMP | ▪ | AQSE Growth Market | ▪ | Aquis Market | ||
▪ | Data Services | (MTF) | Surveillance | ||||
▪ | AQSE Trading (MTF) | ▪ | Aquis Market Gateway | ||||
▪ | Services | ||||||
▪ | Surveillance | ||||||
▪ | Operations |
Good revenue progress across all business activities
1 | 2 | 3 |
A 21% increase in net | Increasingly diversified | AMP Successfully |
revenue despite | All three divisions now | integrated delivering a |
difficult market | 0.5% average increase | |
profitable | ||
conditions | to market share | |
4 | 5 | 6 |
Good growth in Aquis | Growth of Aquis Stock | An encouraging start |
Technologies and data | Exchange continues | to H2 22 with strong |
revenue lines | with 12 new listings in | technology licence |
H1 2022 | momentum |
2
Material progress achieved on key strategic goals during the period
Positioning
- Overall business underpinned by compelling model, strength of technology and continued innovation
- Benefits of diversification starting to show in revenue
- Planned investments in staff hires to invest in future growth and expansion of capabilities
Market backdrop
- Continued volatility through H1 2022, continuing into H2 2022, resulting in higher overall pan-European market volumes but lower market share
Continued strengthening of Board and Executive Resources
- Richard Fisher appointed as CFO, with Jonathan Clelland remaining on Board as COO of the PLC and CEO for the growing French subsidiary AQEU
- Formal appointment of Dr. Ruth Wandhöfer and Fields Wicker-Miurin OBE FKC to Aquis Exchange PLC Board
- Material strengthening of IT development team enhancing R&D capability
21%
Increase in Net
Revenue
Exchange + 10%
Licensing + 75%
Issuer + 24%
Data + 29%
FY 2021:
39 42
Members across AQXE
& AQSE
12
IPOs on Aquis Stock H1 2021: Exchange
14
3
Signed technology licences to add to future revenue streams
10
New hires in 2022 year to date as part of planned investment in our capabilities
3
Revenue continuing to grow strongly at same time as we invest for the future
£m | 1H22 | 1H21 | % change |
Exchange Revenue | 5.4 | 4.9 | 10% |
Licensing & other Revenue | 0.7 | 0.4 | 75% |
Data | 1.4 | 1.1 | 29% |
Issuers | 0.4 | 0.3 | 24% |
Revenue | 7.9 | 6.7 | 17% |
Provision release | 0.4 | 0.2 | 140% |
Net Revenue | 8.3 | 6.9 | 21% |
Expenses | (6.9) | (5.3) | 30% |
EBITDA | 1.4 | 1.6 | -13% |
Depreciation, Amortisation & | |||
Interest income/expense | (0.7) | (0.6) | 20% |
PBT | 0.7 | 1.0 | -31% |
Tax | 0.0 | 0.0 | 0% |
PAT | 0.7 | 1.0 | -31% |
EPS (basic) | 2.5p | 3.7p | 32% |
1 January - 30 June (2022 vs 2021)
- Strong growth in net revenue, up 21%
- Deliberate planned investment in technology and development with expenses up 30%
- PBT in H1 slightly declines to £0.7m as a result of increased strategic investment for future growth
4
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Disclaimer
Aquis Exchange plc published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 17:58:11 UTC.