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NZX NZX delivers continued earnings growth . • • • • Operating earnings¹ ( EBITDA ) of $ 26.3 million , up 9.4 % year - on - year Normalised operating earnings ( EBITDA ) of $ 27.3 million , up 8.8 % year - on - year , after excluding project and restructure costs Net profit after tax of $ 9.8 million , up 18.0 % on H1 2025 Interim dividend of 3.2 cents per share , fully imputed - up from 3.0 cents per share in H1 2025 FY2026 operating earnings guidance of $ 53.0 million to $ 58.5 million , with NZX tracking towards the middle of the range . 20 August 2026 - NZX Group today announced operating earnings ( EBITDA ) of $ 26.3 million for the six months ended 30 June 2026 , up 9.4 % on H1 2025 , reflecting continued growth across the Group's diversified financial markets infrastructure , funds management and wealth administration businesses . Normalised operating earnings ( EBITDA ) , excluding project and restructure costs , were $ 27.3 million , an increase of 8.8 % on the same period last year . " NZX has delivered a solid result despite ongoing uncertainty in global markets and a subdued environment for primary equity issuance , " Acting NZX Chief Executive Graham Law says . " The first half of 2026 highlighted the value of NZX's diversified business model and the benefits of the strategy we have been implementing in recent years . While market conditions remained mixed , we continued to grow earnings , expand our funds and wealth management businesses and deliver important market development initiatives . " Public markets remain critical to New Zealand's economic growth . They provide companies with access to capital , investors with opportunities to build wealth , and help direct savings into productive investment . " Operating revenue increased 13.3 % to $ 76.6 million , reflecting growth across NZX Markets , Smart and NZX Wealth Technologies ( NZXWT ) , while operating expenses excluding project and restructure costs , increased 16.0 % to $ 49.3 million² . NZX continues to maintain a disciplined approach to cost management while making targeted investments in growth businesses , technology , market infrastructure and strategic initiatives . Net profit after tax increased to $ 9.8 million , compared with $ 8.3 million in H1 2025 . Mr Law says the successful relaunch of S & P / NZX 20 Index Futures in April marked an important milestone for New Zealand's capital markets . " The relaunch of equity derivatives is a significant achievement for NZX and the wider market . Over time , a liquid derivatives market can support greater participation , improve liquidity and provide investors with additional risk management tools , " Mr Law says . " We also continue to see strong long - term growth opportunities through Smart and NZX Wealth Technologies , both of which delivered another period of strong performance . " 1 Operating earnings ( EBITDA ) are before net finance expenses , income tax , depreciation , amortisation , loss on disposal of assets , and share of profit / ( loss ) of associate . Operating earnings is not a defined performance measure in NZ IFRS . NZX Group's definition of operating earnings may not be comparable with similarly titled performance measures and disclosures by other entities . Refer to note 2 of NZX Group's financial statements for a reconciliation of EBITDA to NZ IFRS profit for the period . 22025 comparative information has been restated for a change in the presentation of certain fund - related expenses ( refer to the Interim Financial Statements note 1 ) . Certain costs associated with managing and distributing the Smart Funds are now presented in fund expenses within operating expenses . Previously all fund - related costs were netted against funds management revenue .