ASX Delivers Solid FY22 Results, Posts 5.7% Increase in Net Profit

The Australian Securities Exchange (ASX) published its financials for the financial year 2022, ending on 30 June 2022, reporting a rise in its revenue and profits.

The operating revenue for the period came in at $1,022.7 million, 7.5 percent higher than the figures of the prior comparative period (FY21). Net profit after tax was up by 5.7 percent or $27.6 million when compared to the 2021 financial year, coming in at $508.5 million.

For the 12 months ended June 30, 2022, the exchange's total expenses jumped by 7.5 percent year-on-year to hit $333.5 million. This is largely due to the increased costs inclusive of annual salary reviews, and higher costs to support technology and risk management initiatives.

The EBIT of the exchange for the period jumped by $48 million, or 7.5 percent to $689.2 million. The total dividends for the 2022 financial year were 236.4 cents, up 5.7 percent from the previous financial year.

Ms Helen Lofthouse, ASX Managing Director and CEO, said:"ASX has again delivered a solid full-year result, driven by revenue growth of 7.5%, up $71.2 million to $1,022.7 million on last year. EBIT grew by $48.0 million, a 7.5% increase to $689.2 million. Net profit was up 5.7%, rising by $27.6 million to $508.5 million. Earnings per share and dividends both increased 5.7% in line with net profit. Total dividends (interim and final) rose to 236.4 cents per share, fully franked, maintaining ASX's 90% dividend payout policy."

"ASX continues to benefit from its diversified business model. We saw decade-high levels of listings activity, particularly in the first half, with 217 new listings in the period – the highest number since FY08. And the total amount of capital raised increased 56% to $159.4 billion (excluding the BHP capital unification), a new record overall."