NZX first-quarter earnings up 23.5%, revenue up 14.8%

“With the growth activities NZX has underway across the business, NZX today has reaffirmed the business should deliver operating earnings, excluding integration and restructuring costs, that will be comfortably in the range of $40 million to $44.5 million,” McMahon said.

Operating earnings, excluding acquisition and integration costs, were $40.1 million in calendar 2023, up 9.6% on the previous year.

“We are off to a good start in 2024. Our markets business is performing in line with our key metrics. Soft market activity over quarter one 2024 has been offset by cost management and one-off revenue from an index audit,” McMahon said.

First quarter revenue was $28.8 million and first quarter earnings were $11.4 million – both figures include a one-off audit fee of about $0.9 million, he said.