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JSE Limited (JSE) investor relations material
JSE Limited H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit after tax rose 13.2% year-over-year to R557.8 million, driven by strong equity market activity and diversified revenue streams.
Operating income increased 11.4% to R1.71 billion, with most business segments reporting revenue growth.
Cash generation remained strong, with net cash generated up 3.1% to R518.2 million and a cash balance of R2.5 billion.
Infrastructure modernization is ahead of schedule, supporting strategic growth and operational resilience.
Operational stability maintained with 99.94% market availability and strong progress on strategic initiatives.
Financial highlights
Total income rose 10.3% year-over-year to R1.7 billion; operating income up 11.4%.
EBIT margin improved to 37% from 35.4% last year; EBITDA margin stable at 42.1%.
Operating expenses increased 7.5% year-over-year, with personnel and technology costs as key drivers.
Headline earnings per share (HEPS) and EPS both rose 13.4% to 687.0 cents.
Net cash generated from operations increased 3.1% to R518.2 million.
Outlook and guidance
Operating expenditure growth for full year 2025 expected at 5–7%; CAPEX guidance narrowed to R150–R170 million.
Dividend policy maintained at a 67%–100% payout ratio.
Strategic focus remains on technology, product expansion, and operational resilience.
Next JSE Limited earnings date
Next JSE Limited earnings date
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