NZX Posts Strong First-Half Results Amid Market Volatility

NZX has reported a solid first-half performance, with operating revenue rising to $76.6 million from $67.6 million and normalised EBITDA up 8.8% to $27.3 million, despite geopolitical tensions and a slower New Zealand economy.

The company's diversified growth strategy appears to be paying off, with strong growth in its Smartshares funds business, NZX Wealth Technologies platform, and renewed derivatives activity contributing to the results.

Capital raising activity remained mixed, with secondary capital raised up 5.9% to $3.6 billion, but total value traded eased slightly and dairy derivatives volumes declined.