Singapore Exchange ( (SPXCF) ) has released its Q2 earnings. Here is a breakdown of the information Singapore Exchange presented to its investors.
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Singapore Exchange Limited (SGX) operates as a leading exchange in Singapore, offering a broad range of products and services including equities, fixed income, currencies, and commodities trading. SGX is recognized for its efforts to maintain a fair, orderly, and transparent market.
In its latest earnings report for the half-year ended December 31, 2024, SGX posted a strong financial performance with significant growth across its operating segments. The company achieved a 15.6% increase in net revenue to $646.4 million and a 20.7% rise in net profit attributable to equity holders, reaching $340.0 million.
Key financial metrics highlighted include an operating revenue increase of 15.2% to $682.2 million, and notable growth in the Fixed Income, Currencies, and Commodities (FICC) segment, which saw a 13.4% rise. The equities derivatives segment also grew by 21.6%, reflecting robust trading volumes. SGX declared an interim quarterly dividend of 9.0 cents per share.
SGX’s management remains optimistic about the medium-term outlook despite potential moderation of favorable macroeconomic conditions. The company plans to expand its product suite and strengthen its multi-asset strategy to drive growth and improve its market offerings.
Looking ahead, SGX anticipates maintaining expenses and capital expenditure at the lower end of its guidance, focusing on enhancing its platform and expanding its global network in derivatives to support sustained growth.
