Singapore Exchange Posts Record Annual Profit on Broad Trading Growth

Singapore Exchange (SGX) reported its highest annual earnings since its 2000 listing, with adjusted net profit rising 15.9% to S$609.5 million and total revenue increasing 11.7% to S$1.30 billion, driven by higher trading volumes across equities, currencies, and commodities. The equities cash segment saw a 19% revenue jump, while currencies and commodities revenue rose 8.6%, although listing revenue declined 11% with six new equity listings during the year. CEO Loh Boon Chye highlighted the strongest IPO pipeline in years, with over 30 companies actively preparing to go public, supported by recent government measures including a 20% tax rebate for primary listings and a S$5 billion programme to boost the stock market. SGX plans a final quarterly dividend of 10.5 Singapore cents per share and intends to increase dividends by 0.25 cents each quarter from fiscal years 2026 to 2028. The exchange is focusing on expanding its derivatives business globally and sustaining medium-term revenue growth of 6%-8%, with its FX platform ranking among the top three exchange-backed OTC FX platforms. Despite a 2.5% drop in SGX shares on the day of the report, the stock has gained about 25% year-to-date, reflecting positive investor sentiment amid global market volatility.