SGX Reports Record Growth Amid Strong IPO Pipeline

SINGAPORE – The Singapore Exchange (SGX) has reported robust financial results for the fiscal year 2026, marking what it describes as an exceptional year for the local stock market. The exchange recorded a 7.8% increase in net profit, reaching S$698.4 million (approximately US$524 million), and a 13.9% rise in revenue to S$1.5 billion (about US$1.1 billion).

SGX's performance was bolstered by a surge in trading activity, with the total securities traded value increasing by 35.5% year-on-year. Daily average securities value also rose significantly, reaching the highest level in 18 years. Retail investor participation hit a five-year high, indicating strong confidence in the market.

SGX's chief executive, Loh Boon Chye, noted that the exchange's initiatives to enhance market liquidity and investor interest have begun to yield results. He stated that FY2026 was marked by improving participation, liquidity, and trading activity. He also highlighted the growing interest in small- and mid-cap stocks, with institutional inflows into this segment tripling compared to the previous year.

“FY2026 was marked by improving participation, liquidity, and trading activity.”Loh Boon Chye, CEO of SGX

In addition to its impressive financial results, SGX has a pipeline of approximately 50 companies at various stages of readiness for initial public offerings (IPOs). This diverse group includes firms from the consumer and healthcare sectors, technology, advanced manufacturing, and real estate. Pol de Win, head of global sales and origination at SGX, expressed optimism about the potential for these listings, noting that issuer and investor interest have remained strong, despite mixed performances from recent listings.

SGX's efforts to attract high-growth companies are supported by initiatives such as the Global Listing Board (GLB), which aims to facilitate dual listings and enhance opportunities for investors. The GLB is now operational, and several companies have begun preparations for potential listings. De Win mentioned that while timing can be tricky due to market conditions, discussions with prospective issuers have been promising.

“Issuer and investor interest have remained strong, despite mixed performances from recent listings.”Pol de Win, Head of Global Sales and Origination at SGX

Moreover, SGX's Value Unlock programme, launched in collaboration with the Monetary Authority of Singapore, aims to enhance corporate governance and investor relations among listed companies. This initiative has seen over 50 companies complete investor-relations training, reflecting a positive response from the market.

As part of its financial results announcement, SGX's board proposed a final quarterly dividend of S$0.115 (approximately US$0.09) per share, an increase from S$0.105 in the previous year. Additionally, a one-off special dividend of S$0.125 (around US$0.09) was proposed, bringing the total dividends for FY2026 to S$0.57 (about US$0.43) per share, up from S$0.375 in FY2025.

Looking ahead, SGX aims to sustain its growth trajectory, with plans to invest in technology and expand its product offerings. Loh emphasized the importance of maintaining strong market engagement and confidence among investors as the exchange continues to evolve.