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ASX (ASX) investor relations material

ASX H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary11 Feb, 2026

Executive summary

  • CEO transition announced, with a comprehensive process underway to appoint a successor by May 2026.

  • Strong first-half financial performance, with operating revenue up 11.2% to $602.8 million and robust growth across all business segments.

  • Transformation strategy and response to ASIC Inquiry Panel's interim report are central to current operations, including governance changes and a reset of the Accelerate program.

  • Major investments in technology modernization and risk management uplift are ongoing, with a focus on operational resilience and customer-driven growth.

  • A $150 million capital charge will be accumulated by June 2027 as part of regulatory actions.

Financial highlights

  • Operating revenue reached $602.8 million, up 11.2% year-over-year, driven by growth in Securities & Payments, Markets, and Technology & Data.

  • Underlying NPAT increased 3.9% to $263.6 million; statutory NPAT up 8.3% year-over-year.

  • EBITDA margin declined by 180 basis points to 61.4%; EBIT margin at 56.2%, down 310 bps.

  • Interim dividend of 101.8 cents per share declared, with a payout ratio of 75% of underlying NPAT, down 8.5% year-over-year.

  • Net interest income fell 6.7% to $40.2 million, impacted by lower rates and higher lease expenses.

Outlook and guidance

  • FY26 total expense growth expected between 20% and 23%, including ASIC inquiry costs; excluding these, growth is 13%-15%.

  • FY26 CapEx guided at $170–180 million; FY27 at $160–180 million, mainly for technology modernization.

  • Medium-term underlying ROE target range set at 12.5%–14.0%.

  • Dividend payout ratio expected at the lower end (75%) for at least the next three dividends.

  • FY27 expense and FY28 CapEx guidance to be provided by year-end.

ASIC capital charge impact on ROE target
CHESS project go-live timeline and CEO transition
Detail Grow Inc investment revaluation impact
ASIC report's impact on future strategy
CHESS Release 2 go-live target
Capital accumulation funding details
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Frequently asked questions

ASX Limited is an Australia-based company that operates the Australian Securities Exchange, one of the leading financial markets in the Asia-Pacific region. The company provides services across multiple asset classes, including equities, derivatives, fixed income, and commodities. ASX offers a range of solutions such as trading, clearing, settlement, and market data, catering to investors, issuers, and financial institutions. The company is headquartered in Sydney, Australia, and its shares are listed on the Australian Securities Exchange (ASX).

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