Final results for the year ended 31 December 2020

March 31, 2021


Aquis Exchange PLC
("Aquis", the "Company" or the "Group") 

Final results for the year ended 31 December 2020
Strong growth across the Group delivers maiden full year profit

 

Aquis Exchange PLC (AQX.L), the exchange services group, is pleased to announce its audited results for the year ended 31 December 2020. 

Highlights:

  • Revenue increased 67% to £11.5m (2019: £6.9m)
  • EBITDA of £1.5m (2019: £0.0m)
  • Maiden full year pre-tax profit of £0.5m achieved (2019: £0.9m loss)
  • Cash and cash equivalents at 31 December 2020 of £12.3m (31 December 2019: £11.0m)
  • Membership of Aquis Exchange grew to 33 in 2020 (2019:30) and there was a 50% increase in the average monthly usage, in terms of chargeable orders (4Q 2019 vs 4Q 2020)
  • Market share of pan-European continuous trading increased to 4.7% during 4Q2020 (4Q2019: 4.2%)
  • Business and management has shown great resilience in the face of COVID-19 and Brexit headwinds
  • Aquis Technologies was chosen to deliver a world-leading proof of concept project, undertaken in collaboration with Singapore Exchange (SGX) and Amazon Web Services (AWS), to create a cloud native exchange
  • Completed the acquisition of NEX Exchange (now “Aquis Stock Exchange” or “AQSE”), marking entry into Primary Listings and made strong progress with its transformation


Post period highlights 

  • Seamlessly moved trading of the majority of Aquis Exchange, AQX, trading instruments into our French entity, creating a significant presence in the European Union outside of the UK
  • As at 31 March 2021, membership of Aquis Exchange had grown to 39, and market share to 5.0%
  • Completed the listing of the first business onto Aquis Stock Exchange using a Growth Prospectus (Samarkand Group plc), allowing individual investor participation; its fundraise was heavily oversubscribed and with significant institutional support shown
  • Since December 2020 the AQSE Market Maker scheme has helped reduce spreads by 64%, with the value traded having increased 700% on the Apex segment of the AQSE growth market


Alasdair Haynes, Chief Executive Officer of Aquis, commented: 

“For any founder it is a very proud day when you are able to announce your company’s first full year profit. The fact that Aquis has delivered this against the backdrop of COVID-19 and Brexit is even more remarkable and demonstrates the ongoing value of our offering.

We have again achieved growth in all our KPIs, and delivered financial progress across all the Group’s divisions, as our management team determinedly executes on strategy. Operationally we have achieved much this year, including the milestone acquisition of what is now Aquis Stock Exchange, our listing venue, and a world-leading proof of concept project in the technologies division. We strive to stay at the forefront of innovation in our industry and can see the reward this brings.

Momentum has carried into current trading, with strong performances across the Group and particularly notable progress in AQSE, which is now truly fit for purpose for modern-minded SMEs looking to float. We have a clear vision, excellent team and an exceptional drive to succeed. So, whilst the road ahead remains uncertain at a macro-economic level, we have confidence we have an exciting year in front of us.”

An overview of the results from Alasdair Haynes, CEO, is available to view on this link: https://bit.ly/3deeat2.

Click here to download the Group Financial Results.

The Group will be hosting webinars for analysts and retail investors today at 09:30 and 13:00, respectively.

If you would like to register for the analyst webinar, please contact aquis@almapr.co.uk. Investors who would like to attend the retail investor webinar can sign up to Investor Meet Company for free and add themselves to the meeting via https://www.investormeetcompany.com/aquis-exchange-plc/register-investor. Investors who have already registered will be automatically invited. 

 

Enquiries:

Aquis Exchange PLC

Tel: +44 (0)20 3597 6321

Alasdair Haynes, CEO

 

Jonathan Clelland, CFO and COO

Belinda Keheyan, Head of Marketing

 

Tel: +44 (0)776 807 8110

 

 

Liberum Capital Limited (Nominated Adviser and Broker)

Tel: +44 (0)20 3100 2000

Clayton Bush

 

Chris Clarke

 

Edward Thomas

 

Kane Collings

 

 

Canaccord Genuity Limited (Joint Broker)

Emma Gabriel (Corporate Broking)

Jeremy Grime (Specialist Sales)

 

 

Tel: +44 (0)20 7523 8000

 

Alma PR (Financial PR Adviser)

Tel: +44 (0)20 3405 0205

Susie Hudson

Caroline Forde

Kieran Breheny

Faye Calow

aquis@almapr.co.uk

 

 

 

Notes to editors:

Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).

Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France's Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK and in EU27 respectively. Aquis operates a lit order book and does not allow aggressive non-client proprietary trading, which has resulted in lower toxicity and signalling risk on Aquis than other trading venues in Europe. According to independent studies, trades on Aquis are less likely to lead to price movement than on other lit markets. Aquis uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.

Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue. The AQSE Growth Market is divided into two segments 'Access' and 'Apex', with different levels of admission criteria. The Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.

Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.

Aquis Exchange PLC (AQX.L) is listed on the Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu