NZX Limited Sees 119% Profit Surge in H1 2024

NZX Limited (NZX) reported a strong financial performance for H1 2024, achieving a 119% increase in net profit after tax (NPAT) to NZ$15.3 million, driven by a NZ$7.3 million gain from an adjustment in the fair value of the QuayStreet Asset Management earnout provision. Excluding this adjustment, underlying NPAT rose by 10.9% to NZ$8.0 million. The company's operating earnings (EBITDA) grew by 12% to NZ$22.4 million, supported by a 7.3% increase in operating revenue to NZ$57.9 million. Despite a challenging macroeconomic environment, NZX maintained its growth momentum, especially in its fund management and wealth technologies businesses, indicating resilience in its diversified financial infrastructure.

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