NZX ( (NZSTF) ) has released its Q2 earnings. Here is a breakdown of the information NZX presented to its investors.
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NZX Limited, New Zealand’s Exchange, operates as a market operator, funds manager, and funds administration platform provider, facilitating capital formation for local companies. In the first half of 2025, NZX demonstrated resilience amidst challenging global market conditions, achieving solid operating earnings despite mixed performance across quarters. Key financial highlights include a 7.5% increase in normalised operating earnings (EBITDA) to $25.1 million, a 6% rise in operating revenue to $61.7 million, and a net profit after tax of $8.3 million, consistent with the previous year when adjusted for one-off gains. Strategic initiatives such as the growth of dairy derivatives, expansion of Smart’s funds under management, and increased client onboarding in Wealth Technologies contributed to these results. Looking ahead, NZX remains optimistic about its growth strategy, focusing on expanding product offerings, enhancing global connections, and driving operational efficiencies, with a full-year EBITDA forecast between $49 million and $54 million.