SGX(SPXCY) - 2025 Q2 - Earnings Call Presentation

Financial Performance - SGX achieved its highest half-year operating revenue and NPAT in 1H FY2025[10] - Net revenue increased by 15.6% to $646 million, driven by effective execution of a multi-asset strategy amidst macro events[11, 20] - Adjusted expenses remained comparable at $257 million, with cost discipline maintained[11, 23] - Adjusted NPAT was $320 million[11] - The company reaffirmed its Aa2 rating by Moody's in November 2024 with a stable outlook[29] Revenue Segment Growth - Derivatives revenue increased, with Equity Derivatives DAV up 16.4% to 728,000 contracts[15, 21] - Cash equities SDAV increased by 31.2% to $1.26 billion, driven by elevated investor interest and investment flows[15, 16, 21] - OTC FX headline ADV increased by 35.4% to US$136 billion[21] Business Updates - FX Derivatives recorded a DAV increase of 40% year-over-year for CNH, INR & KRW futures[37] - Iron Ore DAV increased by 13% year-over-year, with financialization accelerating[42] - Equity Derivatives saw increased global usage amid positive momentum in Asia[46]