Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — FY2026 Earnings Presentation
20 slides from Singapore Exchange's earnings presentation, Aug 6, 2026
Slide 1: FY2026 Results
FY2026 Results Analyst and Media Briefing Loh Boon Chye, Chief Executive Officer Daniel Koh, Chief Financial Officer 6 August 2026 Singapore Exchange Commodities | Derivatives | Fixed Income | FX | Indices | Stock Exchange
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Statements in this presentation that are not historical facts are statements of future expectations with respect to the financial conditions, results of operations a
Slide 3: Agenda
Agenda 1 FY2026 – Financial Highlights and Performance 2 Business Update 3 Question and Answer Session 3
Slide 4: Financial Highlights and Performance
FY2026 Financial Highlights and Performance Daniel Koh, Chief Financial Officer 4
Slide 5: A standout year – achieving highest revenue and NPAT
A standout year – achieving highest revenue and NPAT Building on strength, delivering strong growth in net revenue (+14%) and Adjusted NPAT (+25%) ▪ Equities - Cash net revenue up 28% on strong market momentum and investor interest ▪ SGX FX net revenue up 12% on record ADV (US$190B), driven by clien
Slide 6: FY2026 Highlights – All-time high revenue and NPAT
FY2026 Highlights – All-time high revenue and NPAT1 Group Net Revenue & Expenses2 Group NPAT Group Margins (%) 13.9% 7.8% 24.6% 3.1% pts 4.4% pts 5.5% 1,478 1,298 759 648 698 610 58.2 61.3 47.0 51.4 543 573 3 Net Revenue Adj. Expenses Reported Adjusted Adj. Op. Profit Margin Adj. NPAT Margin FY2025
Slide 7: FY2026 Net revenue up 13.9% to $1,478M
FY2026 Net revenue up 13.9% to $1,478M ▪ Strong growth in Equities – Cash, Currencies and Commodities building on prior year’s high base 110 Comparable 17 1,478 55 ▪ Equity derivatives ▪ Higher market data 1,298 volume +6% to and co-location ▪ SDAV increased 187M contracts sales 35% to $1.81B ▪ High
Slide 8: FY2026 Adjusted expenses up 5.5%
FY2026 Adjusted expenses up 5.5% ▪ Investment in people and technology to support growth 19 591 7 -4 573 15 12 ▪ Amortisation of 543 ▪ Upgrades and intangible assets ▪ In line with system higher enhancements ▪ Transformation- ▪ Merit increment related costs profitability ▪ Increased ▪ Other one-off
Slide 9: Adjusted NPAT of $759M reflects core earnings
Adjusted NPAT of $759M reflects core earnings 18 759 53 698 -10 ▪ Amortisation of intangible assets ▪ Minority investments1 ▪ Scientific Beta, ▪ Transformation- divested on 8 July related costs 2026 ▪ Other one-off items FY2026 FV gains (net) Impairment Others2 FY2026 Reported NPAT Adjusted NPAT 1 M
Slide 10: Consistent approach to disciplined and active capital management
Consistent approach to disciplined and active capital management Reinvesting for growth ▪ Disciplined Opex spending Strong and consistent ▪ Strategic Capex investment driving strategic priorities, platform modernisation and capability uplift execution ▪ Opportunistic approach to bolt-on M&As ▪ Growt
Slide 11: Investing from a position of strength for sustainable growth
Investing from a position of strength for sustainable growth ▪ FY2027 Capex of approximately $100M ▪ FY2027 expenses increase of 6-8%, mainly in technology and talent to drive growth initiatives Product innovation and client initiatives Capex ($M) ▪ SGX FX offerings, gold futures ▪ Cross-selling ini
Slide 12: Rewarding shareholders with additional dividend in FY2026
Rewarding shareholders with additional dividend in FY2026 ▪ Fully committed to a sustainable and growing dividend – confident to deliver the planned quarterly dividend increases of 0.25 cents through FY2028 ▪ The Board proposed a one-off additional dividend of 12.5 cents per share for FY2026 from ca
Slide 13: Business Update
Business Update Loh Boon Chye, Chief Executive Officer 13
Slide 14: SGX Group is uniquely positioned for opportunities amid structural shifts
SGX Group is uniquely positioned for opportunities amid structural shifts Evolving market dynamics SGX Group Heightened Uncertainties Address investors’ rising risk management needs amid Geopolitical Shifts across our multi-asset platform Capital Rotation to Thematic, Connect issuers and investors t
Slide 15: Broadening and deepening derivatives franchise
Broadening and deepening derivatives franchise Multi-asset and deep liquidity reinforcing market leadership1 Fast-growing T+1 volumes Strong momentum in Listed FX Commodities volumes Equity Derivatives market and Rates remain robust leadership with deep liquidity +22% CAGR +38% CAGR +24% CAGR +3% CA
Slide 16: Scaling SGX FX
Scaling SGX FX Robust growth momentum Strengthening client-centric offerings SGX FX ADV (US$B) Leverage synergies with listed FX franchise +36% CAGR 190 143 Expand client coverage 111 (Middle East, South Korea, and Brazil) 76 Expand offerings in new EM currencies, Options, and data/API FY2023 FY2024
Slide 17: Accelerating Stock Exchange momentum for sustained liquidity
Accelerating Stock Exchange momentum for sustained liquidity Improve Market Participation Enhance IPO Attractiveness ▪ SDAV of S$1.8B (+35% YoY), ▪ 21 new listings in FY26 raising highest in 18 years over S$4B ▪ Increasing retail participation ▪ Pipeline consists of diversified sectors including Dig
Slide 18: Leveraging our multi-asset strength to accelerate growth
Leveraging our multi-asset strength to accelerate growth Operating revenue breakdown1 by operating segments Platform FICC2 Capture next phase of growth: & others ▪ Accelerate product 17% 26% innovation FY2026 ▪ Elevate client focus with a FY2016 Revenue1 Revenue1 cross-asset platform $818M Equities
Slide 19: Q&A Session
Q&A Session Loh Boon Chye, Chief Executive Officer Michael Syn, President Daniel Koh, Chief Financial Officer Ng Yao Loong, Head of Global Financial Markets Pol De Win, Head of Global Sales & Origination Tan Boon Gin, Chief Executive Officer of SGX RegCo 19
Slide 20: Thank you
Thank you Singapore Exchange Commodities | Derivatives | Fixed Income | FX | Indices | Stock Exchange sgx.com This presentation is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be con