Hong Kong Exchanges and Clearing First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags

Hong Kong Exchanges and Clearing (HKG:388) First Quarter 2025 Results

Key Financial Results

• Revenue: HK$6.83b (up 32% from 1Q 2024).
• Net income: HK$4.08b (up 37% from 1Q 2024).
• Profit margin: 60% (up from 57% in 1Q 2024). The increase in margin was driven by higher revenue.
• EPS: HK$3.23 (up from HK$2.35 in 1Q 2024).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hong Kong Exchanges and Clearing Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Capital Markets industry in Hong Kong.

Performance of the Hong Kong Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Hong Kong Exchanges and Clearing's balance sheet and an in-depth analysis of the company's financial position.

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