SGX second-half profit up 10.5% on currencies and commodities business, raises dividend

SINGAPORE – The Singapore Exchange on Aug 8 reported a 10.5 per cent rise in second-half next profit, driven by growth in its currencies and commodities business, while equities lagged.

The dividend is payable on Oct 25 after approval at its upcoming annual general meeting. If approved, it represents an annualised increase of 5.9 per cent. SGX said this was in line with its target of achieving a mid-single digit percentage compound annual growth rate for its per-share dividend over the medium term.

For the full year, SGX booked a net profit of $597.9 million, an increase of 4.7 per cent from a year earlier.After adjustments to exclude certain non-cash and recurring items, adjusted full-year net profit was $525.9 million, up 4.5 per cent.Revenue from its fixed income, currencies and commodities segment increased by $58.9 million, or 22.3 per cent, to $322.5 million from $263.6 million the previous year. This segment accounted for 26.2 per cent of total revenue, up from 22.

In financial year 2024, SGX recorded seven new equity listings, raising $117 million, compared with eight new listings that raised $37.6 million in the previous year. Secondary equity funds raised were $1.2 billion, down from $4.8 billion in the prior year.

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