Singapore Exchange (S68) investor relations material

Executive summary

• Achieved record half-year revenue and earnings for 1H FY2026, with strong growth across multi-asset businesses and continued momentum from the prior year.

• Multi-asset strategy and disciplined execution drove results, with significant contributions from FX, derivatives, and equities.

• Operating revenue rose to $736.2 million, up from $682.2 million year-over-year, and net profit after tax reached $342.7 million.

• IPO pipeline strengthened, with more than 30 companies in the pipeline and 18 listings completed in the past six months.

• Committed to sustainable and growing dividends, targeting a 12% CAGR for FY26-FY28 and incremental increases each quarter.

Financial highlights

• Net revenue rose 8% year-over-year to $695 million; adjusted NPAT increased 12% year-over-year.

• Operating expenses increased by 3.8%, mainly due to higher staff and other operating costs.

• Interim dividend of SGD 0.11 per share declared, bringing total first-half dividend to SGD 0.2175, up over 20% year-over-year.

• Cash and cash equivalents at period end were $1,673.6 million, up from $1,124.6 million at the previous year-end.

• Net cash generated from operating activities was $363.7 million, with a net increase in cash and cash equivalents of $564.3 million.

Outlook and guidance

• Confident in achieving 6%-8% CAGR in top-line organic growth, excluding Treasury income.

• No change to full-year expense and CapEx guidance for FY 2026; expense growth expected at 4-6% and CapEx at $90M-$95M.

• Committed to sustainable and growing dividends, with incremental SGD 0.0025 per quarter to FY 2028.

• The Group's businesses are not significantly affected by seasonal or cyclical factors.