Singapore Exchange Group announced earnings of $342.7 million for the first half of fiscal 2026 ended December, which was comparable to the same period last year. However, the adjusted net profit after tax rose 11.6% year-on-year to $357.1 million. According to SGX, this adjusted figure excludes specific non-cash and non-recurring items that have a lesser impact on its core operational performance.
Operating revenue, net of transaction-related expenses, grew 7.6% to $695.4 million.
The exchange intends to distribute an interim dividend of 11 cents per share, which is an increase of 2 cents.
SGX stated that it remains on course to meet its previously announced organic revenue growth target of 6-8%, excluding treasury income, which was set at the beginning of fiscal 2025.
In alignment with its commitment to sustainable and growing dividends, SGX expressed confidence in its ability to continue increasing the quarterly dividend by 0.25 cents until the end of fiscal 2028, as previously guided.
For the first half of fiscal 2026, the average daily trading value for securities surged 19.5% to $1.5 billion, marking a five-year high. The total value of securities traded increased 20.4% to $196.0 billion.
In a sharp reversal from the initial public offering drought experienced in 2024 and 2025, SGX welcomed 15 new listings, compared to just 5 previously. These new listings raised a total of $3 billion, a significant increase from the $19.7 million raised before. However, secondary fundraising was lower, at $1.5 billion versus $3.1 billion.
SGX Group Chief Executive Officer Loh Boon Chye said the exchange delivered its strongest half-year performance, driven by sustained growth across its multi-asset business.
"The resilience of our trusted platform has enabled market participants to diversify their investments and manage risk in a challenging global environment," he stated.
"We remain confident in delivering medium-term revenue growth of 6-8% alongside sustainable shareholder returns."
He added, "Beyond listed markets, our SGX FX business has scaled further, with client acquisition and platform adoption pushing average daily volumes to a new high of US$180 billion. Our technology capabilities in this space are also delivering greater value to clients."
Loh also noted that alongside healthier stock market volume, the pipeline for new listings is growing, and retail investor participation has reached its highest level in four years.
"Our efforts are continuing into the second half, as we work closely with the Monetary Authority of Singapore and ecosystem partners to sustain this momentum," Loh said.
Shares of SGX closed at $17.75 on February 4, down 1.39%.
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