Arcontech is a small London-listed software company. Banks and regulators use its programs to collect live market prices from many suppliers and show them to traders. It lost a large, long-standing customer in the year to June 2026, and revenue fell 11.5% to £2.75m. It has since signed two new European customers and says growth returns in the year to June 2027.
Plumbing for live market prices
Arcontech builds the systems that collect real-time prices from many sources, process them, distribute them and display them on screen. Its customers are Tier 1 and Tier 2 financial firms and market regulators. It positions itself as a cheaper, more flexible alternative to the big data vendors' own infrastructure, or to building the system in-house. Its main product is called CityVision. It is also a development partner of Bloomberg, Refinitiv and Symphony.
The company earns almost all its money from recurring licences and support: 99% of revenue in the latest year. Some large customers sign multi-year contracts. Profit depends on keeping those customers, because costs are mostly staff. Occasional one-off development work for a customer adds revenue but does not repeat. It competes against two large rivals in a market the company says has limited growth. 14 Sep 2026 10 Sep 2025 27 Oct 2023
Four hard years, then growth returns
The chairman described the four years to mid-2024 as challenging. Revenue had fallen for two years before the year to June 2024. Arcontech kept most of its customers while lead times for new business stayed long. In October 2023 it signed a multi-year deal with a Tier 1 bank to deploy CityVision in New York. It said this should lead to expansion in Europe and Asia.
In the year to June 2024 revenue rose 6.6% to £2.9m, and profit before tax rose 11.5% to £1.1m. A large new customer at the start of the year replaced an earlier cancellation. Part of the profit gain came from hiring that was planned but arrived late. The final dividend rose to 3.75p, and the shares reached 125p in September 2024. 27 Oct 2023 21 Feb 2024 22 Jul 2024 2 Sep 2024
Growth bought with one-off work and higher costs
Revenue reached £3.1m in the year to June 2025, up 6.8%. Much of the rise was one-off development work. It included a custom link to a global bank's in-house system and a market-data publishing system for a new central bank customer. Profit before tax still fell 10.1% to £987k, because the company had hired more sales, support and development staff. A competitor's action also cut desktop users at one client, and the client then renewed for several years.
The company also won ISO 27001 and ISO 22301 certification in March 2025. These are standards for information security and business continuity. The shares fell from 108p in January 2025 to 82.5p in February, around the interim results. The company has not said why. The dividend rose to 4.00p. 10 Sep 2025 24 Feb 2025 12 Aug 2025 14 Mar 2025
A big customer leaves
In the year to June 2026 Arcontech lost a large, long-standing customer after competitive action. It has not named the customer. Some prospects also delayed buying decisions. At the half year, revenue was down 4.7% and adjusted EBITDA (profit before depreciation and some one-off items) was down 23.6%. The shares touched 74p in March 2026.
The full-year numbers confirm the damage. Recurring revenue fell 4.7% to £2.74m, and one-off revenue almost disappeared. Adjusted EBITDA fell 19.2% to £0.71m, and profit before tax fell to £881k. The company said revenue was in line with expectations and profit marginally ahead. 5 Feb 2026 14 Sep 2026
One customer can move the numbers
The record shows that a business this size depends on a few large accounts. A new customer in 2023 lifted revenue; a lost customer in 2026 cut it. Competitors have fought back with offers such as unlimited usage for a fixed period, and the company names this as a cause of its losses.
Costs are the second lesson. The staff hired in 2024 and 2025 raised the cost base just as revenue turned down. One-off work boosted the 2025 revenue but did not repeat, which made the 2026 comparison harder. 14 Sep 2026 10 Sep 2025 2 Sep 2024
Hiring ahead of growth, keeping the dividend
Matthew Jeffs is chief executive, Ben Hodges is chief financial officer and Geoff Wicks is chairman. Management expanded the sales, support and development teams, and the cost showed up before the revenue did. It kept to the core market, added an entitlement system (controls over who may use which data, and at what cost) and finished a central bank contribution system. It also says it is searching for bolt-on acquisitions. It first raised this in 2024 and has announced no deal.
The dividend stayed at 4.00p for 2026 even as earnings per share fell to 6.25p. Directors' share purchases since late 2024 were token: four shares each. Nigel Ridge, who held below 3%, reported a stake of 5.34% in February 2026. 14 Sep 2026 10 Sep 2025 26 Feb 2025 5 Feb 2026 11 Nov 2024 6 Feb 2026
Smaller revenue, steady cash
Net cash was £7.52m at 30 June 2026, up from £7.40m a year earlier, and the company has no stated debt. In June 2026 it signed a three-year CityVision contract worth £800k with a major European bank. Revenue from it starts in the third calendar quarter of 2026. After the year end it signed a second European customer to a multi-year agreement. The latest close, on 13 October 2026, was 82.5p. 14 Sep 2026 29 Jun 2026
Promised: a return to growth in 2027
In February 2026 management said it expected to rebuild lost business and return to growth in the next year. It added that the recurring revenue run rate should recover around the end of the year to June 2026. In September 2026 it said the new customer and other sales bring the run rate back to its level a year earlier, and that it is comfortable the year to June 2027 will grow. It adds that its newer software, which lets more users at a customer use its products, will do little for growth this year.
Open questions remain. Sales cycles are long, and the company says the timing of individual decisions is hard to predict. Several enquiries from the previous year are on hold. The company has not said whether the New York bank has expanded into Europe and Asia as it hoped in 2023. It must also show that the new customers bring more revenue than the one it lost. 14 Sep 2026 5 Feb 2026 29 Jun 2026
“This has meant revenue and profit for the year are lower than for the previous year however we are comfortable that the next financial year will see a return to growth.” 14 Sep 2026
Written by AI from Arcontech Group's own announcements since Oct 2023 · every paragraph links to its sources