Core Insights - The International Stock Exchange (TISE) achieved a record 1,140 new listings in 2025, marking a 19.7% year-on-year increase [1] - The total number of securities on TISE's Official List reached 4,818 by December 31, 2025, reflecting a 7.4% year-on-year growth [2] - The market value of listed securities hit £797 billion at the end of 2025, representing a 12.6% increase compared to the previous year [2] Company Performance - TISE's CEO, Cees Vermaas, highlighted the milestone year for the exchange, particularly noting MIAX's acquisition of TISE in June 2025 and the strong growth in listings [3] - The exchange's issuer base expanded to 38 territories, with the UK contributing 46.9% of new listings and the European Union accounting for a record 31.1% [4] Sector Highlights - The number of private equity debt securities listed on TISE reached 2,135, with 407 new listings in 2025, an 18.7% increase year-on-year [8] - High yield bonds saw significant growth, with 220 new listings in 2025, resulting in a total of 533 high yield bonds, a 74.6% increase [8] - Securitization bonds totaled 631, with 150 new listings, marking an 8.7% increase [8] - TISE became the largest market for listed UK REITs, with a total of 41 REITs listed [8] - The value of listings supporting environmental, social, and sustainable initiatives reached £32.2 billion, a 25.3% increase year-on-year [8]