Australia · Delayed Price · Currency is AUD ASX Limited Earnings Call Transcripts
Fiscal Year 2026
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First-half results showed strong revenue and profit growth, with robust performance across all business segments. Expense growth was driven by regulatory response and technology investment, while a multi-year transformation is underway to address governance and risk management.
Fiscal Year 2025
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The meeting reviewed strong financial results, increased dividends, and ongoing transformation efforts, with a focus on technology modernization and regulatory compliance. Shareholders discussed governance, competition, and transparency, while the board addressed executive accountability and outlined future strategic priorities.
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Strong revenue and profit growth were reported, supported by diversified business lines and a focus on technology modernization. The ACCELERATE programme is driving operational resilience, while new data products and a refreshed brand support future growth.
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Operating revenue rose 7% to $1.11 billion, with underlying net profit up 7.5% and EBITDA margin at 62.8%. FY 2026 expenses are set to rise due to the ASIC inquiry, but core business growth and margin expansion remain targets. Dividend payout ratio held at 85% of underlying NPAT.
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The forum detailed progress on a five-year strategy, emphasizing technology modernization, operational resilience, and customer-driven growth. Financial guidance highlighted disciplined expense management, targeted CapEx, and medium-term EBITDA margin expansion. New product initiatives, regulatory changes, and a focus on data and connectivity position the group for sustainable growth.
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Record first-half revenue and strong profit growth were driven by diversified business performance and disciplined cost management. Technology modernization and risk management remain key priorities, with robust capital allocation supporting future investments.
Fiscal Year 2024
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Record revenue and strategic investments marked FY 2024, with a focus on technology modernization, CHESS replacement, and board renewal. Shareholders raised concerns on competition, governance, and transformation milestones, while the board addressed regulatory and operational risks.
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Record revenue was achieved despite higher expenses from regulatory and technology investments, with underlying profit down 3.4% and ROE at 13%. Guidance for FY 2025 targets expense growth of 6%-9% and continued investment in modernization, while regulatory and market uncertainties remain.
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One year into a five-year strategy, the organization is prioritizing regulatory commitments and technology modernization, with FY25 expense growth guided at 6%–9% and CapEx at AUD 160–180 million. Major projects like CHESS replacement and new data products are progressing, while growth opportunities in sustainability and technology are being developed. Medium-term ROE targets remain at 13%–14.5%.