Net profit topped 1 billion in the first half; SGX plans to pay an interim dividend.

(Singapore, Feb 5)
Singapore Exchange (SGX) reported a net profit of S$342.72 million for the first half of fiscal year 2026 ended Dec 31, representing a 0.8% year-on-year increase, supported by solid revenue growth across cash equities, fixed income, currencies, and commodities.

According to local media, SGX’s revenue rose 7.9% year-on-year to S$736.18 million, while EBITDA increased 9.6% to S$466.10 million. Earnings per share stood at 32 Singapore cents.

Excluding non-cash and one-off items, adjusted EBITA grew 9.2% to S$466.20 million. Adjusted net profit climbed 11.6% year-on-year to S$357.10 million, with adjusted EPS at 33.4 Singapore cents.

The board proposed an interim dividend of 11 Singapore cents per share, up 2 cents from a year earlier, payable on Feb 24, 2026. Total dividends for the first half of FY2026 will amount to 21.75 cents per share, marking a 20.8% year-on-year increase.

Listing activity picks up

By segment, cash equities revenue surged 16.2% to S$223.9 million, accounting for 32.2% of total net revenue. Equity derivatives revenue declined 5.6% to S$167.4 million (24.1%). Revenue from fixed income, currencies and commodities rose 12.5% to S$178.9 million (25.7%), while platform and other revenues increased 6.8% to S$125.2 million.

Average daily securities trading value rose 19.5% year-on-year to S$1.5 billion, the highest in nearly five years. Average daily derivatives volume edged down slightly to 90.8 million contracts, while average daily FX trading value jumped 32.3% to US$180 billion. Commodities trading volume increased 24.2% to 40.9 million contracts.

During the first half of FY2026, 15 companies were listed on SGX, raising a total of S$3 billion, a sharp increase from five listings in the same period a year earlier.

Benefiting from diversified asset classes

SGX Chief Executive Officer Loh Boon Chye said the strong first-half performance was driven by sustained growth across diversified asset classes. Supported by forward-looking measures from the Securities Market Review Group, market activity strengthened, with retail participation reaching a four-year high and the IPO pipeline continuing to expand.

Looking ahead, Loh said SGX remains confident of achieving medium-term revenue growth of 6% to 8%. The exchange kept its FY2026 cost and capital expenditure guidance unchanged at 4% to 6% growth and reaffirmed its commitment to increasing quarterly dividends by 0.25 Singapore cents by the end of FY2028.

SGX shares closed at S$17.75 in the previous session, down 1.39%.