Wednesday 17th February 2021
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NZX today announced operating earnings from continuing activities of $34.4 million for the financial year ended 31 December 2020, up 9.7% on FY2019.
NZX reports step-change in growth, with further lift in earnings
• Operating earnings up 9.7% to $34.4m
• Record trading levels, with 41.8% increase in value traded to $53.7b
• Revenue growth across Capital Markets, Smartshares, NZX Wealth Technologies
• Net profit after tax (NPAT) was $17.6m, up 20.1%
• FY2021 operating earnings guidance range $31.5m to $35.5m
NZX Chair, James Miller, said that – while 2020 presented challenges for many sectors of the economy – the extraordinary year provided the opportunity for New Zealand’s capital markets to provide essential capital funding for businesses in need.
“Never before has the value of having access to capital been so evident for New Zealand businesses. We have also seen the most significant re-engagement with equities as an investment class in the past 30 years.”
The S&P/NZX 50 (Gross) finished the year at 13,092 – up a further 14% on the substantial lift the previous year. The total market capitalisation of all NZX listed securities across equity, fixed income and fund asset classes now exceeds $233 billion and sits at 76.6% of New Zealand’s GDP (Gross Domestic Product).
Mr Miller said: “This has been a year of record activity in our market, and the environment has supported the growth in NZX’s operating earnings to a new high, slightly above our guidance range”.
The NZX Board has declared a final dividend of 3.1 cents per share to be paid on 26 March 2021, contributing to a FY2020 dividend of 6.1 cents per share, fully imputed. Together with the strong appreciation in NZX’s share price, the total shareholder return (TSR) for the year ended 31 December 2020 was 50.3%.
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