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Singapore Exchange Ltd (SPXCF)
OTHER OTC:SPXCF
Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed broad-based, multi-asset growth with record half-year revenue and earnings, margin expansion, strong FX, equities and commodities momentum, a solid balance sheet and committed dividend increases. Headwinds were limited to a decline in treasury income, a $15m impairment at Scientific Beta, modest cost increases from investments, and execution/timing risks for some new initiatives. Overall, positives around diversified revenue growth and strategic initiatives materially outweigh the contained negatives.Company Guidance
Record Half-Year Revenue and Earnings
Group net revenue rose 7.6% to $695 million and adjusted group NPAT increased 11.6% to $357 million, delivering the highest half-year revenue and earnings for SGX.
Strong Underlying Revenue Growth (Ex-Treasury Income)
Net revenue excluding treasury income grew 10% year-on-year and 8% half-on-half, supporting management's medium-term organic growth ambition of 6%–8% CAGR (ex-TI).
Margin Expansion with Controlled Expense Growth
Adjusted expenses increased a modest 3.8% while adjusted operating profit margin and adjusted NPAT margin improved by 1.4 and 1.8 percentage points respectively, reflecting revenue leverage and cost discipline.
Equities-Cash Momentum and Market Liquidity
Equities-cash revenue grew 16% (up $31 million); Stock exchange SDAV rose 20% to SGD 1.51 billion (highest in 5 years). STI delivered a 23% one-year return and small- & mid-cap SDAV surged >2x, contributing nearly half of overall SDAV growth.
FX Franchise Significant Growth
SGX FX net revenue increased 8% with record average daily value of USD 180 billion; ADV rose 32% YoY and the OTC FX business has CAGR of 39% since inception, underpinning a material future EBITDA contribution.
FICC and Commodities Strength
FICC revenue grew $20 million or 12% (26% of total revenue). Total commodities volume rose 24% with iron ore delivering record half-year volume and broad growth across dairy, petrochemical, freight and rubber contracts.
Derivatives Resilience and Growth
Overall derivatives DAV grew 8% YoY from a high base; highest half-year DDAV of 1.35 million contracts and FX & rates derivatives DDAV grew 18% YoY. Equity derivatives volume remained comparable at 91 million contracts.
Platform, Data and Connectivity Upside
Platform & other revenue increased 7% ($8 million) driven by higher colocation sales and data/connectivity repricing; ongoing market/data platform modernization expected to expand product and data offerings.
Strong Balance Sheet and Capital Return
Moody's reaffirmed AA2 rating; leverage ratio improved to 0.8x. Interim dividend set at $0.11 per share (H1 total $0.2175), over 20% YoY growth, with a committed incremental $0.025 per quarter through FY '28.
Market Development and Strategic Initiatives
IPO pipeline expanded (>30 companies, 18 of prior 30 listed), nearly SGD 3 billion raised in H1 IPOs; strategic initiatives include Global Listing Board with NASDAQ, a China secondary-listing pathway, launch of regulated crypto perpetual futures, 20-year JGB futures and T+1 night trading for rubber.
SPXCF 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
SPXCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $13.97 | $13.92 | -0.35% |
Aug 07, 2025 | $12.47 | $11.54 | -7.48% |
Feb 06, 2025 | $9.10 | $9.10 | 0.00% |
Aug 07, 2024 | $6.93 | $7.01 | +1.11% |
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 Singapore Exchange Ltd (SPXCF) report earnings?
Singapore Exchange Ltd (SPXCF) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Singapore Exchange Ltd (SPXCF) earnings time?
Singapore Exchange Ltd (SPXCF) earnings time is at Jul 30, 2026, After Close (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 SPXCF EPS forecast?
SPXCF EPS forecast for the fiscal quarter 2026 (Q4) is 0.26.