NZX (NZX) investor relations material

Executive summary

• Delivered solid H1 2026 results amid global market volatility and economic uncertainty, demonstrating resilience and benefits of a diversified strategy across markets, funds management, and wealth administration.

• Strategic priorities advanced, including the launch and relaunch of S&P/NZX 20 Index Futures, strong growth in funds under management, and onboarding of major clients in Wealth Technologies.

• New CEO Hishaam Mirza appointed, effective 14 September 2026.

Financial highlights

• Operating revenue rose 13.3% year-over-year to $76.6 million, driven by Smart and Wealth Technologies.

• Operating earnings (EBITDA, excluding project/restructure costs) increased 8.8% to $27.3 million; including these costs, EBITDA up 9.4% to $26.3 million.

• Net profit after tax grew 18.0% to $9.8 million; basic EPS up 17.0% to 3.0 cents per share.

• Interim dividend declared at 3.2 cents per share, up 6.7% year-over-year.

• Free cash flow reached $1.4 million, up 212.4% year-over-year.

Outlook and guidance

• FY2026 operating earnings (EBITDA, excluding project/restructure costs) guidance set at $53.0–$58.5 million, tracking toward the middle of the range, subject to market outcomes and macroeconomic conditions.

• Continued investment in technology, marketing, and product development expected, especially for Smart and Wealth Technologies.

• Guidance assumes no material adverse macroeconomic impacts or significant one-off expenses.