Aquis Exchange Sees 24% Increase in Net Revenue for FY22

Aquis Exchange, an operator of the world's only subscription-based trading venues, today released its financial results for the year ended December 31, 2022, seeing a significant jump in net revenue compared to the prior year.

According to the data released, net revenue of the exchange for 2022 increased 24% from £16.2 million in 2021 to £20.1 million, owing to significant growth in he technologies division, along with strong performances in pan-European secondary market trading, the primary market activities of Aquis Stock Exchange and data revenue.

Underlying profit for the full year reached £4.7 million, soaring 41% compared to £3.3 million in 2021. Profit before tax amounted to £4.5 million, 27% higher than £3.6 million in the prior year.

Basic EPS stood at 17 pence, the same as that of fiscal year 2021.

Cash and cash equivalents as at December 31, 2022 were £14.2 million, compared to £14.0 million as of the same day in 2021.