Half Year 2025 ASX Ltd Earnings Call Transcript

Feb 12, 2025 / 11:00 PM GMT

Release Date Price: $41.15

Transcript

Key Points

Positve

ASX Ltd (ASXFF) delivered record operating revenue for the first half, up 5.9% compared to the previous year.
Underlying net profit after tax increased by 10.1%, driven by growth in net interest income.
The company declared a fully franked interim dividend of $111.02 per share, reflecting a payout ratio of 85% of underlying impacts.
ASX Ltd (ASXFF) made significant progress in its technology modernization program, with several project rollouts planned for the remainder of FY25.
The company's balance sheet remains strong, with access to various funding sources, including a $300 million corporate debt facility and a $275 million corporate bond.

Negative

Total expenses for the period were $220.3 million, reflecting a 0.2% decrease, but future expense growth is expected to be between 6% and 9%.
The company incurred a significant item related to an onerous lease provision, impacting statutory net profit after tax.
Electricity derivatives trading activity was down due to lower volatility in electricity prices, affecting revenue.
ASX Ltd (ASXFF) faces regulatory challenges, including an ASIC investigation into a chess batch settlement incident.
The company anticipates higher expenses in the second half of FY25 due to increased equipment costs and depreciation and amortization.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASX.AX - ASX Ltd
Half Year 2025 ASX Ltd Earnings Call
Feb 12, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to ASX's results briefing for the first half of the financial year ending 31 December 2024.

And thank you for taking part in this virtual presentation. I hope you're well wherever you're joining us.

My name's Helen Lofthouse, and I'm the managing director and CEO of ASX, and I'm pleased to be presenting these results today along with ASX's Chief Financial Officer Andrew Tobin.

I'd like to acknowledge the Gadigal people of the EUR nation who are the traditional custodians of the country where I'm speaking today.

We recognize their continuing connection to the land and waters and pay our respects to elders past and present. We extend that respect to any First Nations people joining us today.

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