HKEX Reports Second Highest Quarterly Revenue and Other Income for Q1 2023

​Hong Kong Exchanges and Clearing Limited (HKEX) released its financial report for the first quarter of 2023 (Q1 2023), reported the Group's second best ever quarterly revenue and other income and profit in Q1 2023, after the exceptional Q1 2021.

• Revenue and other income for the quarter reached $5,558 million, an increase of 19% on yearly basis and an increase of 7% on a quarterly basis.

• Core business revenue came in at $5,004 million, 5% higher than $4,764 million in the same period of 2022.

• Net investment income of Corporate Funds amounted to $549 million, comparing to losses of $104 million in Q1 2022.

• Operating expenses rose by 11% from $1,178 million to $1,303 million on a yearly basis.

• EBITDA was $4,209 million, jumping 21% compared to $3,473 million in the first quarter of 2022.

• Profit attributable to shareholders reached $3,408 million, 28% higher than $2,668 million in Q1 2022.

• Basic earnings per share came in at $2.69, up 27% compared to $2.11 in the first quarter of the prior year.

Nicolas Aguzin, Chief Executive Officer of HKEX, said: "The year has got off to a very good start, with HKEX reporting one of its best quarters ever. Our clear strategy,commitment to offering our customers around the world more choice and opportunity and our resolute focus on our unique strength of connecting China and the World, is producing results. Despite economic fragility impacting market volumes around the world, this quarter our derivatives market has gone from strength-to-strength, we announced a range of important new strategic initiatives such as our new Specialist Technology Company listing regime and Stock Connect eligible stocks and trading calendar enhancements, and we welcomed a host of new issuers and products to our markets.

"As we look forward to the rest of the year, we will continue to execute on our strategy, ensuring that we are active proponents of global dialogue and connectivity, working with all our regional and international stakeholders to deliver shared sustainable success. We remain fully committed to prudently investing in our people, our operations and our markets, reinforcing our relevance and role at the heart of one of the world's leading international financial centers."