ASX Limited (ASXFF) Q2 2025 Earnings Call Transcript

2025-02-12 19:46:06 ET

ASX Limited (ASXFF)

Q2 2025 Results Conference Call

February 12, 2025 06:00 PM ET

Company Participants

Helen Lofthouse - MD, CEO & Executive Director

Andrew Tobin - Chief Financial Officer

Conference Call Participants

Andrei Stadnik - Morgan Stanley

Ed Henning - CLSA

Freya Kong - Bank of America

Nigel Pittaway - Citi

Kieren Chidgey - UBS

Julian Braganza - Goldman Sachs

Presentation

Helen Lofthouse

Good morning, and welcome to ASX's Results Briefing for the Financial Year Ending 31st of December 2024. Thank you for taking part in this virtual presentation. I hope you're well wherever you're joining us. My name is Helen Lofthouse and I'm the Managing Director and CEO of ASX. 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 Eora Nation, who are the Traditional Custodians of the country where I'm speaking today and we recognize their continuing connection to the land and waters and pay our respects to Elders past and present. And we extend that respect to any First Nations People joining us today.

Today's presentation will cover four areas and then Andrew and I will take your questions. So I'll begin with the highlights from the first half and then Andrew will provide a more detailed view of our financial performance. I'll then provide an update on the delivery of our technology modernization program and growth opportunities. And that'll be followed by some observations on market outlook and its implications for ASX. And we'll finish with Q&A.

So let's begin with the highlights from the first half of FY '25. We delivered record operating revenue for a first half and this was driven by our portfolio of high-quality businesses, which deliver value for our markets and for our shareholders. We saw strong revenue growth in our markets, Technology & Data and Securities & Payments businesses with listings being stable. Andrew will provide more detail on our first half financial performance shortly, including each line of business. And I'll talk about the business outlook at the end of the presentation.

We're almost two years into our five year strategy and we remain focused on Horizon 1. We have more to do to ensure that, we're protecting long-term shareholder value and positioning ourselves to capture future growth opportunities. This means that, we are deliberately prioritizing the majority of our investment and effort into our great fundamental strategic pillar and particularly our key focus areas of regulatory and risk management uplift and technology modernization. We play a key role in promoting financial system stability through the licenses that we hold. And these licenses are foundational to ASX and to shareholder value. And we're further uplifting our risk management practices that support our privileged role in the economy. And we're making progress such as the uplift we're making in our control environment, which is driving proactive identification and resolution of issues....

Read the full article on Seeking Alpha

For further details see: