Asx Limited · ASX:ASX
Asx — FY2026 Earnings Presentation
66 slides from Asx's earnings presentation, Aug 13, 2026
Slide 1: ASX Limited 2026 Full-Year Results Presentation Slides
Sydney Level 27 39 Martin Place, Sydney NSW 2000 P.O. Box H224 Australia Square NSW 1215 131 279 +61 2 9338 0000 (from overseas) asx.com.au 13 August 2026 Australian Securities and Investments Commission ASX Market Announcements Office Ms Vivienne Tannock ASX Limited Senior Executive Leader, Market
Slide 2: ASX Limited FY26 results
For personal use only ASX Limited FY26 results 13 August 2026
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by ASX Limited (ABN 98 008 624 691) (“ASX”). Summary information This presentation contains general information about ASX and its related bodies corporate (“ASX Group”) and their activities cur rent as at 13 August 2026, unless oth
Slide 4: Acknowledging Country
For personal use only Acknowledging Country ASX acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past and present. Artwork by Lee Ann Hall, My country My People
Slide 5: Contents
For personal use only FY26 highlights FY26 RESULTS 1 Darren Yip, Interim CEO Contents FY26 financial performance 2 Andrew Tobin, CFO FY27 priorities 3 Darren Yip Outlook and guidance 4 Darren Yip 4
Slide 6: FY26 highlights
For personal use only FY26 highlights Darren Yip, Interim CEO 5
Slide 7: FY26 in review
FY26 in review A significant year for ASX For personal use only Operational resilience Heightened regulatory during period of engagement record volumes Delivered elements of technology CEO transition modernisation program Delivering for our customers 6
Slide 8: FY26 financial results summary
FY26 financial results summary1 Strong revenue performance, partially offset by total expenses, lower dividend payout ratio For personal use only Operating revenue $1.25 billion +13.3% Total dividend 206.5 c ents per share - 7.5% Underlying NPAT $536.4 million +5.2% EBITDA margin 61.0% - 180bps Unde
Slide 9: FY26 operational highlights and regulatory activities
FY26 operational highlights and regulatory activities Momentum going into FY27 For personal use only Delivering elements of Strong revenue growth technology modernisation Investment in product and demonstrating strength of roadmap, including service offering for diversified businesses successful go
Slide 10: Reset Accelerate Program
Reset Accelerate Program Multi- year, enterprise - wide transformation program supported by Adjacent Initiatives For personal use only ASX is trusted as a leading steward of critical market infrastructure and promotes Australia’s financial stability, with risk ma nagement, Accelerate program resilie
Slide 11: Indicative technology modernisation delivery roadmap
Indicative technology modernisation delivery roadmap1 Investing in future - ready market infrastructure for Australia For personal use only FY24 FY25 FY26 FY27 FY28 and future Key features delivered: Moved to single opening auction, added additional post - close Cash Release 14 Release 15 Incrementa
Slide 12: FY26 financial performance
For personal use only FY26 financial performance Andrew Tobin 11
Slide 13: FY26 operating revenue
FY26 operating revenue Financial results 17% 33% 24% 26% Strong revenue growth supported by market activity Listings Markets Tech & Data Securities & For personal use only Payments 2026 2025 For the year ended 30 June $m $m Variance Revenue growth across all businesses demonstrating Listings 215.2 2
Slide 14: Listings
Listings 17% Growth in annual listing fees and higher capital markets activity For personal use only 2026 2025 Initial listing fee revenue contribution per year ($ million) 1 For the year ended 30 June $m $m Variance Revenue 215.2 208.0 3.5% Annual listing 115.1 110.3 4.4% 1.3 Initial listing 1 17.6
Slide 15: Markets
Markets 33% Strong trading activity in futures and cash markets For personal use only 2026 2025 Interest rate futures and options volumes (million) For the year ended 30 June $m $m Variance Revenue 414.1 349.2 18.6% Futures and OTC 310.9 262.6 18.4% Cash market trading 86.3 69.5 24.2% Equity options
Slide 16: Technology & Data
Technology & Data 24% Continued growth in users and strong demand for data services For personal use only 2026 2025 Information Services revenue contribution ($m) For the year ended 30 June $m $m Variance Revenue 297.6 275.6 8.0% Information services 186.7 171.3 9.0% Technical services 110.9 104.3 6
Slide 17: Securities & Payments
Securities & Payments 26% Higher activity across clearing, settlement and debt markets For personal use only 2026 2025 For the year ended 30 June $m $m Variance On - market value cleared ($billion) Revenue 327.7 274.4 19.4% Issuer services 66.1 58.5 13.0% Equity post - trade services 169.5 136.4 24.
Slide 18: Total expenses
Total expenses Higher expenses driven by ASIC Inquiry , investment in strategic initiatives and D&A For personal use only Employee expenses higher due to increased headcount to support Accelerate 2026 2025 For the year ended 30 June Variance program and technology platforms post delivery. $m $m Empl
Slide 19: Total expenses profile
Total expenses profile FY26 within guidance, FY27 driven by investment in strategic priorities For personal use only Total expenses profile ($million) FY26 total expenses • FY26 total expense growth of 21.1% driven by: − Investment in the Accelerate program +18- 21% − Increased headcount to support
Slide 20: Capital expenditure profile
Capital expenditure profile Primarily driven by technology modernisation program For personal use only Capital expenditure ($million) • FY26 capital expenditure (CAPEX) of $179.6m, within guidance range. $180 - $200 million $170 - $190 • FY27 CAPEX guidance of between $180 million and $200 million d
Slide 21: Net interest income
Net interest income Earnings impacted by monetary policy changes and higher interest expense For personal use only 2026 2025 Average collateral balance ($billion) For the year ended 30 June $m $m Variance Net interest income on ASX Group cash 55.6 61.6 (9.7%) Interest expense - financing (18.9) (20.
Slide 22: Available financial resources
Available financial resources The Group holds sufficient capital and liquid financial resources to support its licensed business activities For personal use only 2026 2025 As at 30 June Financial resource requirements $m $m • A portion of ASX Group's own cash and short term investments is Cash and c
Slide 23: Balance sheet and shareholder returns
Balance sheet and shareholder returns Stable balance sheet; 75% dividend payout ratio For personal use only 2026 2025 Shareholder returns As at 30 June $m $m For the year ended 30 June 2026 2025 Variance Cash and cash equivalents 680.8 1,008.2 Underlying return on equity 13.7 % 13.6 % 10bps Financia
Slide 24: FY27 priorities
For personal use only FY27 priorities Darren Yip 23
Slide 25: FY27 priorities
FY27 priorities Aligned with our role as a steward of critical market infrastructure For personal use only Powering markets you Customer driven Shaping tomorrow can trust everyday growth Provide critical market infrastructure Customer driven evolution of products, Shape tomorrow’s markets with throu
Slide 26: Outlook and guidance
For personal use only Outlook and guidance Darren Yip 25
Slide 27: Outlook and guidance
Outlook and guidance Momentum continued into early FY27 For personal use only Key Outlook Guidance performance metric • Strong momentum in Listings continuing • FY27 total expenses growth guidance of 18% • Medium term underlying into early FY27. Strongest new listings to 21% 1 compared to FY26 ROE t
Slide 28: Q&A
For personal use only Q&A
Slide 29: Thank you
For personal use only Thank you
Slide 30: Financial appendix
For personal use only FY26 RESULTS Appendix 1 Financial appendix
Slide 31: Income statement
1. Income statement For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Annual listing 115.1 110.3 107.2 108.3 108.8 Initial listing 17.6 18.9 20.0 23.0 22.9 Secondary raisings 71.2 68.5 72.8 78.3 73.1 Investment products and other listing 11.3 10.3 8.2 9.0 9.1 L
Slide 32: Income statement (continued)
1. Income statement (continued) For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Employee (268.6) (241.7) (240.5) (198.6) (171.7) Technology (93.3) (77.5) (10.9) (9.9) (8.9) Occupancy (12.6) (12.2) (57.6) (52.6) (47.8) Administration (57.6) (46.6) (47.3) (43.7
Slide 33: Balance sheet
2. Balance sheet For personal use only 2026 2025 2024 2023 2022 As at 30 June $m $m $m $m $m Assets Cash and cash equivalents 680.8 1,008.2 1,243.1 1,008.6 4,972.2 Financial assets at amortised cost 9,965.9 12,895.6 12,176.9 11,957.5 9,484.8 Goodwill and trademarks 2,325.5 2,325.5 2,325.5 2,325.5 2,
Slide 34: Key financial ratios
3. Key financial ratios For personal use only For the year ended / as at 30 June 2026 2025 2024 2023 2022 Statutory Net Profit after Tax ($m) 484.9 502.6 474.2 317.3 508.5 Underlying Net Profit after Tax ($m) 536.4 510.0 474.2 491.1 508.5 Basic earnings per share (EPS) 249.3c 259.1c 244.8c 163.9c 26
Slide 35: Listings
4.1 Listings For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Total market capitalisation ($bn) – period end 3,258 3,024 2,857 2,652 2,443 Total number of listed entities (includes stapled entities) – period end 2,042 2,083 2,155 2,255 2,317 Number of new list
Slide 36: Markets: Futures and OTC
4.2 Markets: Futures and OTC For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Trading days 256 256 255 256 256 Total contracts traded – futures ('000) ASX SPI 200 13,061 13,424 14,936 15,389 14,815 90 day bank bills 56,226 45,871 37,301 30,323 21,235 3 year bo
Slide 37: Markets: Futures and OTC (continued)
4.2 Markets: Futures and OTC (continued) For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Total contracts traded – options on futures ('000) ASX SPI 200 1 1 1 4 9 3 year bonds — — — — — Overnight 3 year bonds 3 1 17 6 5 Intra - day 3 year bonds 213 111 38 72 7
Slide 38: Markets: Equity Options
4.2 Markets: Equity Options For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Trading days 255 253 252 252 253 Single stock options (‘000) 60,452 62,522 61,623 58,345 60,172 Index options and futures (‘000) 7,559 7,128 7,261 7,671 5,896 Single stock options ave
Slide 39: Markets: Cash Market Trading
4.2 Markets: Cash Market Trading For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Trading days 254 253 252 252 253 Total cash market trades ('000) 681,306 475,357 378,130 369,584 448,276 Average daily cash market trades 2,682,305 1,878,880 1,500,516 1,466,603
Slide 40: Technology & Data: Drivers
4.3 Technology & Data: Drivers For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Informational services (average over period) Real time Professional Display 50,674 49,420 49,738 51,419 49,650 Real time Non - Display 593 550 535 515 496 Technical services (avera
Slide 41: Securities & Payments: Clearing & Settlement and Issuer Services
4.4 Securities & Payments: Clearing & Settlement and Issuer Services For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Clearing days 254 253 252 252 253 Total billable cash market value cleared ($bn) 2,074.8 1,684.0 1,457.2 1,536.4 1,812.2 Number of dominant se
Slide 42: Securities & Payments: Austraclear
4.4 Securities & Payments: Austraclear For personal use only 2026 2025 2024 2023 2022 For the year ended 30 June $m $m $m $m $m Settlement days 254 253 252 252 253 Transactions ('000) Cash transfers 534 548 575 578 560 Fixed interest securities 2,328 1,986 1,599 1,469 1,229 Discount securities 141 1
Slide 43: Cash Equities Clearing & Settlement and Issuer Services pricing policy
4.4 Cash Equities Clearing & Settlement and Issuer Services pricing policy Commenced from 1 July 2025 For personal use only ASX revenue requirement Building Block Method (BBM) The BBM calculates the revenue • Return on assets (ROA) Return on the regulatory asset + • Operating expenses Recovery of th
Slide 44: CCP participant collateral balances
4.5 CCP participant collateral balances For personal use only 2026 2025 2024 2023 2022 As at 30 June $m $m $m $m $m Balances at period end ASX Clear – initial cash margins 985.0 1,118.6 1,012.0 970.5 1,257.7 ASX Clear (Futures) – initial cash margins House 1 1,110.6 2,393.9 2,245.6 2,085.7 2,044.0 A
Slide 45: ASX Group own cash and short-term investments movement
5. ASX Group own cash and short-term investments movement For personal use only 2026 2025 2024 2023 2022 As at 30 June $m $m $m $m $m ASX Group cash and short - term investments Total cash and short - term investments 10,646.8 13,903.8 13,420.0 12,966.1 14,457.0 Less participants’ margins and commit
Slide 46: ASX background
For personal use only FY26 RESULTS ASX background Appendix 2 information
Slide 47: ASX overview
For personal use only ASX overview
Slide 48: ASX Limited
ASX Limited Exchange operating at the heart of the globally attractive, deep and liquid Australian market For personal use only Integrated Largest interest Diversified Supported by offering rate derivatives revenue streams 5th largest pool market in Asia of pension fund Pacific; fourth capital in la
Slide 49: Diversified businesses
Diversified businesses Delivers revenue 1 across all market cycles For personal use only Securities & Payments Listings • Provides central counterparty clearing and • Provides an efficient regulated framework for settlement services for equities entities to raise capital and source liquidity • Offer
Slide 50: Benchmarking ASX against global peers
Benchmarking ASX against global peers For personal use only Employee expenses to Technology expenses to CAPEX to operating revenue ratio operating revenue ratio operating revenue ratio EBITDA margin Source: Company Annual reports, CAPIQ and ASX analysis. These figures are indicative only, and repres
Slide 51: Listings overview
50 For personal use only Listings overview
Slide 52: Listings
Listings For personal use only Listings Annual listings Initial listings Secondary raisings Investment products and other listings • A regulated, efficient market for entities • A regulated exchange offering a deep • A deep , liquid market and efficient • Broad distribution via a deep and Activities
Slide 53: Listings: customers, regulation and competition
Listings For personal use only Listings Annual listings Initial listings Secondary raisings Investment products and other listings • A regulated exchange offering a deep • A regulated, efficient market for entities • A deep, liquid market and efficient • Broad distribution via a deep and Customers a
Slide 54: Listings performance
Listings performance For personal use only 17% FY26 revenue split (under AASB 15) FY22 – FY26 revenue ($m) (under AASB 15) Total market capitalisation and number of listed companies Total new capital quoted ($bn) and number of new listings 53 53
Slide 55: Markets overview
54 For personal use only Markets overview
Slide 56: Markets performance
Markets performance For personal use only Markets Futures and OTC Cash market trading Equity options Activities • Trading and clearing of derivatives including futures and • Australia’s primary venue for trading cash market • Trading of single stock and index options, and clearing options on interes
Slide 57: Markets: customers, regulation and competition
Markets performance For personal use only Markets Futures and OTC Cash market trading Equity options • Brokers and traders • Brokers, traders and investors • Brokers, traders and investors Customers • Clearing participants • Clearing and settlement participants • Banks and institutional and retail e
Slide 58: Markets performance
Markets performance For personal use only 33% FY26 revenue split FY22 – FY26 revenue ($m) 8.5% CAGR over the past 5 years Futures contracts traded (m) ASX on - market value traded ($bn) 57 57
Slide 59: Technology & Data overview
Technology & For personal use only Data overview 58
Slide 60: Technology & Data
Technology & Data For personal use only Technology & Data Information Services Technical Services Activities • Provides source of truth data to support price discovery in cash equities, derivatives and • Operates the ALC data centre and ASX Net network, providing colocation, bandwidth debt markets;
Slide 61: Technology & Data: customers, regulation and competition
Technology & Data For personal use only Technology & Data Information Services Technical Services • Professional traders, investors, risk managers and compliance service providers • Brokers, traders and investors • Provider of data solutions to trading, clearing and settlement participants • Clearin
Slide 62: Technology & Data performance
Technology & Data performance For personal use only 24% FY26 revenue split FY22 – FY26 Information Services revenue ($m) 9.4% CAGR over the past 5 years 40% 24% 24% 52% FY22 – FY26 Technical Services revenue ($m) Real time Professional Display & Non - Display User Counts 5.0% CAGR over the past 5 ye
Slide 63: Securities & Payments
Securities & For personal use only Payments 62
Slide 64: Securities & Payments
Securities & Payments For personal use only Securities & Payments Equity post-trade services Issuer Services Austraclear • Provides clearing and settlement services to the cash equity market through • Services provided to a range of issuers • Provides efficient settlement, depository ASX Clear and A
Slide 65: Securities & Payments: market position and customers
Securities & Payments For personal use only Securities & Payments Equity post-trade services Issuer Services Austraclear Market • $3.5tn assets held in CHESS • At end June 2026, 20.1m holdings on HIN • $3.6tn debt securities held position1 • ~3.5m active shareholders in CHESS • Settles ~$213bn trans
Slide 66: Securities & Payments performance
Securities & Payments performance For personal use only 26% FY26 revenue split FY22 – FY26 revenue ($m) 3.3% CAGR over the past 5 years 24% 24% 52% Austraclear total spot issuances ($bn) On - market value cleared ($bn) 65 65