Singapore Exchange (SGX) reported a 15.9% year-on-year increase in core net profit for the financial year ending 30 June 2025, reaching S$609.5 million. This performance aligns with expectations, driven by broad-based growth across all business segments. SGX’s net revenue rose by 11.7% to S$1,298.2 million, with notable contributions from fixed income, currencies, and commodities (FICC), cash equities, and equity derivatives, UOB Kay Hian said in a report.
The exchange’s cash equity business benefited from increased investor interest, with securities daily average traded value rising 26.5% year-on-year to S$1.34 billion. Equity derivatives also saw a 10.3% volume growth, despite some declines in specific contracts. SGX’s new dividend policy, which aims to increase dividends by 0.25 S cents per quarter through FY26 to FY28, is a significant positive development. The final quarterly dividend for FY25 was raised to 10.5 S cents, contributing to a total dividend of 37.5 S cents for the year.
Looking ahead, UOB Kay Hian maintains an optimistic outlook for SGX, with expectations of continued revenue growth driven by heightened global uncertainties and new product launches. The Monetary Authority of Singapore’s Equity Market Development Programme is also anticipated to invigorate the Singapore stock market. SGX’s management has expressed confidence in achieving its growth targets, which include a 6-8% annual increase in group revenue, excluding treasury income.
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