HKEX reported FY 2025 results with revenue and other income of HKD 29.2 billion (+30%) and profit attributable to shareholders of HKD 17.8 billion (+36%). EBITDA was HKD 22.8 billion (+40%), with an EBITDA margin of 79% (up 5 percentage points), while operating expenses were HKD 6.1 billion (+5%). Basic earnings per share were HKD 14.05 (+36%). The board declared a second interim dividend of HKD 6.52 per share (+33%), taking the FY dividend to HKD 12.52 per share (+35%) and keeping the dividend payout ratio at 90%. Operationally, HKEX said it regained the top global IPO fundraising position in FY 2025, with 119 new listings raising HKD 286.9 billion (up 2.3x). Cash Market headline ADT was HKD 249.8 billion (+90%), with Stock Connect Northbound ADT at RMB 212.4 billion (+42%) and Southbound ADT at HKD 121.1 billion (+151%). In products and market development, HKEX highlighted the launch of the Technology Enterprises Channel and a confidential filing option for specialist technology and biotech companies, the launch of the HKEX Tech 100 Index and Hang Seng Biotech Index Futures, and Phase 1 of minimum spread reductions. Corporate and strategic updates included completion of the acquisition of a 20% stake in CMU OmniClear, the launch of the first LME-approved warehouses in Hong Kong, and the establishment of a Dubai-based commodities pricing administrator subsidiary. HKEX also noted its effective tax rate rose to 15.7% in FY 2025 due to the implementation of Pillar Two tax legislation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HKEx - Hong Kong Exchanges and Clearing Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260226-12030157), on February 26, 2026, and is solely responsible for the information contained therein.
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