After posting a record profit last year of AU$498 million, the Australian Securities Exchange has reported just shy of AU$481 million for FY21.
The Australian Securities Exchange (ASX) has reported its financial results for the 2021 financial year, seeing a AU$17.7 million — 3.6% — drop in profit from its 2020 record result. For the 12-month period, net profit after tax was just shy of AU$481 million, with revenue increasing 1.4% over last year to total AU$951.5 million. Derivatives and OTC markets accounted for AU$284.6 million, trading services for AU$265 million, listings and issuer services for AU$258.2 million of the total revenue, and the remainder was comprised of equity post-trade services. Operating expenses came in at AU$310.3 million. ASX managing director and CEO Dominic Stevens said the exchange saw strong listings during the period, as well as equity market activity, due in part to an ongoing surge in retail trading, but said the ASX was tempered by the effects of the Reserve Bank’s current policy settings on both short-end futures volumes and interest income. During the year, the ASX saw 176 new listings, and 199 if backdoor listings are included, which was the highest figure since 2008.
