Business

JSE sees profit jump as stocks shine

Luke Fraser

 ·5 Aug 2025

The Johannesburg Stock Exchange (JSE) has seen a significant jump in profit despite a challenging first half of 2025. 

The bourse saw its Net Profit After Tax (NPAT) increase 13.2% to R557.8 million, translating to a Headline Earnings Per Share (HEPS) increase of 687.0 cents, up 13.4% year-on-year (YoY). 

This came despite a period of heightened geopolitical and trade tensions. The growth was driven by elevated equity market activity, supported by broad-based revenue growth across its core business. 

Equity trading revenue grew by 28% over the year to R272 million. The JSE/FTSE All Share Index recently broke 100,000 points, with many investors drawn to the relatively cheap stocks on offer in South Africa.

Operating income grew by 11.4%, supported by consistent execution of its core business lines, including equity market revenues in Capital Markets (+16%), Post-Trade Services (+17%) and Information Services (+5%).

“Our resilience through dynamic market cycles demonstrates the strength of our earnings diversification strategy,” said Leila Fourie, JSE Group CEO.  

“Capital Markets, Post-Trade and Information Services each delivered solid revenue gains, reinforcing the strength of our established businesses.” 

“While newer segments remain in their development phase, they are aligned to long-term demand and are progressing in line with expectations.” 

The bourse also continues to invest in technology, and has made good progress on modernising its Broker Dealer Accounting system, with the pilot tracking ahead of schedule. 

The Group has enhanced its Listing Requirements further and extended its collaboration with Nasdaq following the launch of a new modernisation blueprint developed in partnership with Amazon Web Services. 

The JSE added that the Claim IT initiative continues to scale.

Since its launch in March 2025, nearly 65,000 people have come forward to check their dividend eligibility status, with close to 8,200 people matched as having dividends due to them. 

“Backed by a strong balance sheet, an expanding product and data offering and a disciplined investment approach, the JSE is well-positioned to advance its strategic agenda in the second half of 2025,” said Fourie.