- Net income for the first half (1H) of 2025 was S$340.0 million, representing a 21% increase compared to the previous year.
- Operating profit increased by 29% year-over-year (y/y) to S$383.2 million.
- Operating revenue reached S$646.4 million, a rise of 16% y/y.
- Revenue from equities derivatives grew by 20% to S$192.5 million y/y.
- An interim dividend per share of S$0.090 has been announced.
- Staff costs increased by 6.3% y/y to S$148.9 million.
- Adjusted EBITDA was recorded at S$426.9 million.
- Adjusted net income came in at S$320.1 million.
- Expenses and capital expenditure are expected to be at the lower end of the full-year 2025 guidance.
- Some macroeconomic tailwinds from the first half of FY2025 may moderate going forward, considering the impacts from the US elections and China stimulus measures could taper off.
- The company is working on expanding its product suite, including new depository receipts, exchange traded funds, and daily leverage certificates.
- An improvement has been observed in the IPO pipeline.
- Analyst recommendations include 5 buys, 7 holds, and 3 sells.
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A look at SGX Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Singapore Exchange Limited (SGX) shows a promising long-term outlook. With solid scores in Growth, Resilience, and Momentum, SGX appears to be well-positioned for future success. Its high Momentum score indicates a strong uptrend in the company’s performance, while the Growth and Resilience scores suggest steady expansion and the ability to weather challenges effectively.
SGX‘s scores in Value and Dividend, although lower than the other factors, still indicate decent prospects in these areas. As the owner and operator of Singapore’s prominent securities and derivatives exchange, along with providing essential services to the financial sector, SGX seems to have a robust foundation for continued growth and stability in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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