JSE Limited (JSEJF)
OTHER OTC:JSEJF
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Earnings Data
Report Date
Aug 12, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong fiscal year: record profitability, robust cash generation, improved earnings quality with greater non‑trading annuity income, meaningful market momentum (ADV +32%, large foreign inflows) and successful delivery milestones (BDA pilot, AI pilots) — all supporting higher dividends and a confident strategic outlook. Key challenges remain limited: JIS revenue softness, a large swing in other income due to FX and one‑offs, a pending Competition Tribunal referral (no provision recognised), fee‑model deferral and ongoing cost/investment phasing for modernization. On balance, the positive performance, structural revenue diversification and strong balance sheet materially outweigh the identifiable headwinds.Company Guidance
Record financial performance
Operating income up 14.2% year‑on‑year; NPAT rose 16.7% to just over ZAR 1.07bn (first time >ZAR 1bn); HEPS ZAR 13.29, up 17.7% YoY; ROE improved to 22% from 20.2%.
Strong shareholder returns
Total dividend increased to ZAR 10.61 per share (ordinary ZAR 9.61 up 16% plus special ZAR 1.00), representing a 28.1% increase year‑on‑year; ordinary payout ratio ~78% and total payout ratio ~86%.
Material market activity and trading momentum
Average daily value traded (ADV) growth strongest since 2006–07: +32% for the full year, with Q3 ADV +41% and Q4 ADV +30%; billable equity value traded up 32% and equities value traded up 28% YoY; notable large‑cap share price gains (e.g., Sibanye +304%, AngloGold +240%).
Improved earnings quality and diversification
Non‑trading income now ~35% of operating income (up from ~29% earlier), supporting more durable revenue; multi‑year non‑trading nominal growth ~92%; operating leverage positive at 5.9% and EBITDA margin improved to 38.7% (+1.2ppt).
Stronger market positioning and foreign flows
Net foreign inflows ZAR 122bn vs ZAR 82bn prior year; non‑resident ownership increased to 32% from 29.3%; FTSE Emerging Market weighting rose to 4.29% from 3.16%; JSE ranked 18th largest by market cap (up from 20th).
Robust cash generation and balance sheet strength
Net cash generated ZAR 1.23bn (+12.3% YoY); cash and bonds balance ZAR 3.16bn (+12.7% YoY); cash conversion 1.64; low need for external financing and flexibility for dividends, CapEx and potential M&A/repurchases.
Operational resilience and reliability
Market availability 99.96% with only 3 Priority‑1 incidents during a year of elevated volumes and no equity market outage; cited as a core competitive asset.
Progress on major modernization programs (BDA) and AI adoption
BDA pilot completed ahead of schedule; ~2.2m lines of code modernized to date with no critical defects; full modernization and mass testing in 2026 with targeted production rollout in 2027. AI center of excellence and pilots (code translation/testing, listings automation, developer productivity tools) are underway to accelerate delivery and lower long‑term costs.
Segment‑level growth
Capital markets revenues +18% driven by trading and post‑trade; Post‑trade revenue +18% (clearing & settlement +34%); Information Services +10% (68% denominated in USD, benefiting from global data sales); derivatives and bond trading revenue growth (equity derivatives +14%, financial derivatives +15%).
JSEJF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JSEJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $9.76 | $10.45 | +7.00% |
Aug 05, 2025 | $5.47 | $5.47 | 0.00% |
Mar 03, 2025 | $5.97 | $6.03 | +0.95% |
Aug 07, 2024 | $5.00 | $5.00 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does JSE Limited (JSEJF) report earnings?
JSE Limited (JSEJF) is schdueled to report earning on Aug 12, 2026, TBA (Confirmed).
What is JSE Limited (JSEJF) earnings time?
JSE Limited (JSEJF) earnings time is at Aug 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JSEJF EPS forecast?
Currently, no data Available