The JSE, which is Africa’s largest stock exchange, reported a notable rise in earnings and revenue for the six months ending 30 June 2026, announced on Tuesday.
This remarkable half-year result was driven by increased equity market activity, efficient cost management, and significant growth in its core business segments.
Net profit after tax surged by 16.9% to R652 million, while headline earnings per share jumped by 18.8% to 816.2 cents. Operating income grew by 14.6% to R2 billion, and total income expanded by 15.1% to R1.98 billion.
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The JSE noted that its growth was enhanced by higher equity market revenues within Capital Markets and Post-Trade Services, with non-trading income increasing by 8.1% to R659 million.
Nonetheless, net finance income fell by 9.8% to R89 million (2025: R98.7 million). The exchange accounted for this decrease as a result of lower interest rates on cash balances during the period, despite holding a larger average cash position, as fluctuations in rates outweighed the benefits of the increased balance.
JSE CEO Valdene Reddy, who succeeded Leila Fourie on 1 April this year, remarked that the exchange has broadened its data and services offerings, enforced strict cost management, and made selective investments in capabilities aimed at sustaining long-term growth.
Net cash generated from operations soared by 20.6% to R625 million. By June, the JSE reported a cash balance of R1.9 billion, excluding its bond investment of R679 million.
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“This strong cash position provides flexibility in securing funding for strategic investments to capture future growth opportunities and create sustainable long-term value for shareholders, clients, and the overall market ecosystem,” stated the JSE.
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During the review period, the exchange facilitated the raising of R8.4 billion in new capital, alongside growth in bond and structured product listings.
“Spread trading on Bond Exchange Traded Products was introduced, diversifying the fixed-income product range and improving functionality for market participants.
“Colocation capacity was expanded in response to client demand, solidifying a strategic infrastructure asset that supports an increasing share of equity market trading activity,” explained the JSE.
By midday on Tuesday, the JSE’s share price had increased by over 2% to R152.52.
