NZX Limited

Overview

NZX operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of these markets, NZX provides trading, clearing, settlement, depository and data services for its customers. NZX also owns Smartshares, New Zealand's only issuer of listed Exchange Traded Funds, and KiwiSaver provider SuperLife. More for information, please visit: www.nzx.com.

Performance

The following information was extracted from NZX Limited's Half Year Results, released on 20 August 2026:

NZX delivers continued earnings growth

Operating earnings (EBITDA) of $26.3 million, up 9.4% year-on-year

• Normalised operating earnings (EBITDA) of $27.3 million, up 8.8% year-on-year, after excluding project and restructure costs

• Net profit after tax of $9.8 million, up 18.0% on H1 2025

• Interim dividend of 3.2 cents per share, fully imputed – up from 3.0 cents per share in H1 2025

• FY2026 operating earnings guidance of $53.0 million to $58.5 million, with NZX tracking towards the middle of the range.

20 August 2026 – NZX Group today announced operating earnings (EBITDA) of $26.3 million for the six months ended 30 June 2026, up 9.4% on H1 2025, reflecting continued growth across the Group’s diversified financial markets infrastructure, funds management and wealth administration businesses.

Normalised operating earnings (EBITDA), excluding project and restructure costs, were $27.3 million, an increase of 8.8% on the same period last year. “NZX has delivered a solid result despite ongoing uncertainty in global markets and a subdued environment for primary equity issuance,” Acting NZX Chief Executive Graham Law says.

“The first half of 2026 highlighted the value of NZX’s diversified business model and the benefits of the strategy we have been implementing in recent years. While market conditions remained mixed, we continued to grow earnings, expand our funds and wealth management businesses and deliver important market development initiatives.

“Public markets remain critical to New Zealand’s economic growth. They provide companies with access to capital, investors with opportunities to build wealth, and help direct savings into productive investment.”

Operating revenue increased 13.3% to $76.6 million, reflecting growth across NZX Markets, Smart and NZX Wealth Technologies (NZXWT), while operating expenses excluding project and restructure costs, increased 16.0% to $49.3 million. NZX continues to maintain a disciplined approach to cost management while making targeted investments in growth businesses, technology, market infrastructure and strategic initiatives. Net profit after tax increased to $9.8 million, compared with $8.3 million in H1 2025.