SGX posts record half-year profit, driven by surging trading volumes and IPO activity, with strong revenue growth and a higher dividend.

Singapore Exchange (SGX) reported its highest half-year profit since 2000, with adjusted net profit reaching S$357.1 million for the six months ended December 2025, up 11.6% from the prior year, driven by strong trading volumes in equities, derivatives, and fixed income. Revenue rose 7.9% to S$736.2 million, fueled by a 16.2% increase in cash equities revenue and a 12.5% jump in FICC revenue, supported by 560 bond listings raising S$272.8 billion. SGX welcomed 15 new equity listings—triple the prior year—boosting listing revenues, and led Southeast Asia’s IPO market with nine deals raising $1.6 billion. The exchange declared an interim dividend of 11 cents per share, up from 9 cents, and is advancing reforms with Singapore’s central bank to strengthen its equities market. Despite the strong results, SGX shares dipped 1% amid a broader market decline.