Singapore Exchange Ltd. ADR (SPXCY) Q4 2026 Earnings Call Transcript

SA Transcripts 161.57K Followers Follow Singapore Exchange Ltd. ADR ( SPXCY ) Q4 2026 Earnings Call August 6, 2026 6:00 AM EDT Company Participants Liana Chue - Head of Investor Relations Kok Yu Koh - Chief Financial Officer Boon Chye Loh - CEO & Non-Independent Executive Director Conference Call Participants Nicholas Lord - Morgan Stanley, Research Division Jayden Vantarakis - Macquarie Research Felicia Tan Thomas Wang - Goldman Sachs Group, Inc., Research Division Presentation Liana Chue Head of Investor Relations Very good evening to everyone joining us here today, both in person and via the webcast. I'm Liana from Investor Relations. Welcome to SGX Group's FY 2026 Full Year Results Briefing. In a while, I will invite our CFO, Mr. Daniel Koh, to present the financial highlights, followed by our CEO, Mr. Boon Chye, who will present the business updates. Following the presentation, we will have a Q&A session with SGX senior management. Please introduce yourself before you ask your questions. It's now my pleasure to invite Dan to present the financial results. Dan, please. Kok Yu Koh Chief Financial Officer Good evening, everyone. Thank you for joining us here today. It is a real pleasure to share with you SGX Group's standout performance for financial year 2026. We achieved another milestone year, delivering our highest ever full year revenue and earnings. Net revenue grew by 14% and adjusted earnings grew by 25%, continuing the strong momentum from a high base in FY '25. Net revenue for our equities cash business or SGX Stock Exchange grew significantly by 28% as the securities daily average value rose 35% to its highest level in 18 years. This strong performance was built on structural market changes and focused execution. SGX FX delivered another record year with net revenue increasing 12% on average daily volume of USD 190 billion, driven by client expansion and platform innovation.