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Singapore Exchange Ltd (SPXCY)
OTHER OTC:SPXCY
Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.44Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operating performance across multiple business lines with record or multi-year highs in revenue, FX volume, SDAV and derivatives activity. Management highlighted margin expansion, a healthy balance sheet, a meaningful rise in dividends, continued investment in platform and product innovation (including crypto perpetual futures and long-dated JGB futures), and an expanding IPO pipeline including the NASDAQ GLB partnership. Key headwinds were a decline in treasury income, a $15 million impairment at Scientific Beta, a modest fall in equity derivatives revenue (-6%), and some higher operating costs. Overall, the positive operational momentum and financial strength substantially outweigh the identified challenges, which appear manageable and mostly non-recurring or being actively mitigated.Company Guidance
Record Half-Year Financial Performance
Group net revenue increased 7.6% to $695 million; net revenue excluding treasury income grew 10% year-on-year and 8% half-on-half. Adjusted group NPAT rose 11.6% to $357 million. Adjusted expenses increased modestly by 3.8%, and adjusted operating profit margin and adjusted NPAT margin improved by 1.4 and 1.8 percentage points respectively.
Equities-Cash (Stock Exchange) Momentum
Equities-cash revenue grew 16% (up $31 million) and contributed 32% of total revenue. Singapore SDAV rose 20% to SGD 1.51 billion (highest in 5 years). STI posted a 23% 1-year return. Small and mid-cap SDAV surged over 2x, contributing nearly half of overall SDAV growth; ETFs and SDRs contributed over 10% to SDAV growth.
SGX FX Franchise Expansion and Record Volumes
SGX FX net revenue increased 8% with a record average daily value of USD 180 billion. Management cited average daily value growth of ~32% year-on-year and a reported CAGR of ~39% since inception. SGX FX won industry recognition (World's Best FX Exchange and World's Best Solution for FX NDFs).
Derivatives and Commodities Growth
Overall derivatives DAV grew 8% year-on-year from a high base and SGX achieved its highest half-year DDAV of 1.35 million contracts. FX and rates derivatives delivered 18% DDAV growth year-on-year. FICC revenue grew $20 million or 12%, accounting for 26% of total revenue; total commodities volume rose 24%, led by iron ore record volumes.
Platform, Data and Connectivity Revenue Expansion
Platform & other revenue increased 7% (up $8 million), driven by higher colocation sales and repricing of data and connectivity services. Data and platform modernization (data lake) underway to support new products and analytics.
Balance Sheet Strength and Capital Return
Moody's reaffirmed AA2 rating; leverage ratio at a healthy 0.8x. Board declared interim dividend of $0.11 per share (quarter), with H1 total dividend $0.2175 per share, up over 20% YoY. Management reiterated commitment to incremental dividend increases of $0.025 every quarter through FY '28.
One-Off Cash Realization from 7RIDGE Sale
Proceeds from the divestment of 7RIDGE (sale of trading technologies) resulted in a material cash inflow reported in cash flow lines (management confirmed the sale closed in Nov 2025), providing optionality to reduce near-term debt maturities.
Product Innovation and Market Development
Launched the world's first regulated exchange crypto perpetual futures and introduced a 20-year JGB futures contract; rubber T+1 night trading launched Jan 26. These product innovations broaden the multi-asset offering and position SGX for new client segments.
Stronger IPO Activity and Global Listing Board (GLB) Initiative
SGX led Southeast Asia in IPO funds raised in H1 with nearly SGD 3 billion. IPO pipeline expanded (management noted more than 30 in pipeline; 18 of the prior 30 have listed since announcement). Partnership with NASDAQ to launch the Global Listing Board (GLB) expected mid-year to attract high-growth companies and dual-listings.
Retail and Institutional Participation Gains
Retail participation in cash equities reached a four-year high; institutional net purchases of small and mid-cap stocks reached SGD 450 million. ETFs AUM reached SGD 18 billion and STI ETF AUM rose to SGD 3.7 billion.
SPXCY 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
SPXCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $27.76 | $27.56 | -0.73% |
Aug 07, 2025 | $25.04 | $24.56 | -1.92% |
Feb 06, 2025 | $18.33 | $20.15 | +9.93% |
Aug 07, 2024 | $14.18 | $14.23 | +0.35% |
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 (SPXCY) report earnings?
Singapore Exchange Ltd (SPXCY) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Singapore Exchange Ltd (SPXCY) earnings time?
Singapore Exchange Ltd (SPXCY) 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 SPXCY EPS forecast?
Currently, no data Available