NZX Q1 revenue up 6.7%, capital raising soars

NZX announced operating revenue of NZD 30.786 million for Q1 2025, a 6.7% increase year-over-year. Capital markets origination revenue remained largely stable, up marginally to NZD 3.786 million. Secondary markets revenue saw a modest increase of 4.5%, reaching NZD 6.071 million, with substantial growth in securities trading revenue (up 47.0%) offsetting decreased contractual revenue. Information services revenue decreased by 11.2% to NZD 4.980 million, while Funds Management revenue grew 13.7% to NZD 12.134 million. Wealth Technologies revenue increased 50.4% to NZD 2.897 million. Total capital raisings listed on the exchange surged to NZD 10.015 million, a substantial 328.2% increase from the previous year. The total market capitalization stood at NZD 234.072 million, representing 54.8% of New Zealand's GDP.