Interim Results for the six months ended 30 June 2018

September 25, 2018

Aquis Exchange PLC, the independent, pan-European equities exchange operator and technology service provider, is pleased to announce its unaudited interim results for the six months ended 30 June 2018.

Highlights

  • Revenue increased 54% to £1.5 million (H1 2017: £1.0 million)
  • Adjusted EBITDA* of £(1.8) million (H1 2017:£(1.5) million)
  • Cash and cash equivalents of £13.1 million (H1 2017: £5.9 million)
  • Successful listing on AIM completed on 14 June 2018, raising £12 million for the Company
  • Trading Members on Aquis Exchange grew from 24 to 26 during the period
  • Market share of overall pan-European continuous trading grew over the period, reaching an all-time high of over 3% in August
  • Post period end Aquis has continued to grow its software licence activities including an agreement signed with Archax, an institutional-grade crypto exchange
  • Trading is in line with market expectations

*excluding exceptional items relating to the costs of the AIM listing

Alasdair Haynes, Chief Executive Officer of Aquis, commented:
“These results demonstrate how Aquis’ pioneering business model is continuing to deliver, and is being recognised
by the industry as we win record share of the European continuous trading market. We are disrupting
the European cash equites trading landscape with a unique operating model underpinned by subscriptionbased
pricing and a compelling offer to traders which combines good liquidity with market-leading low levels
of toxicity. As the benefits of low toxicity are better appreciated, we are palpably winning market share.
“There is a clear regulatory drive for greater transparency in trading and a requirement for market participants
to show they are using the best possible venue. With its increased profile, strong balance sheet postIPO
and its growing software licensing activities, Aquis is ideally positioned to capitalise on these trends and
we are encouraged by our progress so far this year.”
This announcement contains inside information for the purposes of EU Regulation 596/2014.

Enquiries

Aquis Exchange PLC
Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Tel: +44 (0) 20 3597 6321

Liberum Capital Limited (Nomad and Broker)
Clayton Bush
Chris Clarke
Kane Collings
Tel: +44 (0) 20 3100 2000

Finsbury (Financial Public Relations)
Alastair Hetherington
Michael Turner
Alexander Gorokhov
Tel: +44 (0) 20 7251 3801

Click here for the full results