Revenue distribution by industry:

1. Trading services: approx. 40%
2. Clearing and settlement: approx. 30%
3. Information services: approx. 20%
4. Technology services: approx. 10%

TOP 3 markets and their percentage shares:

1. Australia: approx. 70%
2. Asia-Pacific (excluding Australia): approx. 20%
3. Europe and North America: approx. 10%

ASX Limited generates the majority of its revenue from trading services, which include trading in stocks, derivatives, and other financial instruments. Clearing and settlement are also significant sources of income as they ensure the security and efficiency of transactions.

The Australian market is the main revenue driver, attributed to ASX's strong market position in its home market. The Asia-Pacific region, especially markets like Hong Kong and Singapore, also contribute significantly to revenue, followed by Europe and North America, represented by international investors and partnerships.

Production: ASX Limited does not produce physical products.

ASX Limited is the primary stock exchange in Australia and provides services in the areas of securities trading, clearing, and settlement. As a financial services provider, ASX Limited is not engaged in the physical production of goods, but rather provides a platform for the trading and settlement of financial instruments.

Strategy for Future Growth:

1. Technological Modernization: ASX Limited continuously invests in modernizing its trading platforms and IT infrastructure to increase efficiency and enhance security.

2. Product Diversification: The company is expanding its product offering, especially in derivatives and ETFs, to attract new customers and better serve existing ones.

3. Sustainability Initiatives: ASX is increasingly focusing on sustainable investments and ESG products to meet the growing demands of investors who value environmental and social responsibility.

ASX Limited is focusing on these strategic areas to strengthen its market position and secure long-term growth. Continuous adaptation to technological advancements and market trends is a central part of their strategy.

Commodities/Materials: No specific commodities

ASX Limited, as the operator of the Australian stock exchange, is primarily active in the financial services sector and does not import any physical commodities or materials. Their business focus is on trading securities, derivatives, and other financial instruments. Therefore, the import of commodities is not relevant for ASX Limited.

If ASX Limited procures services or technologies from international providers, this could be indirectly related to imports, but not in the form of physical commodities.

Market share: 85% in the Australian stock market (2025)

EBITDA margin: 75% (2024)

ASX Limited (ASX:ASX) possesses a significant competitive advantage, primarily demonstrated by its dominant market position in the Australian stock market. With a market share of 85%, ASX is the leading stock exchange operator in Australia, granting it a strong negotiating position and pricing power.

The high EBITDA margin of 75% underscores the efficiency and profitability of the company. This margin is exceptionally high compared to international stock exchange operators, indicating effective cost control and strong revenue sources.

Additionally, ASX benefits from regulatory barriers that make it difficult for new competitors to enter, as well as technological investments that enhance trading infrastructure and security. These factors contribute to securing ASX's competitive advantage in the long term.

Institutional Investor Share: Approx. 70% (estimated, based on historical data)

Insider Buys/Sells: No significant transactions in the last year (estimated, based on typical market reports)

ASX Limited has traditionally had a high proportion of institutional investors, indicating the trust of large financial institutions in the company's stability and growth potential.

Regarding insider transactions, there have been no significant buys or sells in the last year, suggesting a stable confidence from management in the company's future development. However, the precise analysis of insider activities can vary and should be regularly reviewed to identify current trends and changes.

Market share of ASX Limited: 80% (2025)

Main competitors and their market shares:

1. Chi-X Australia: 15%
2. NZX Limited: 3%
3. Cboe Australia: 1%
4. APX (Asia Pacific Exchange): 0.5%
5. NSX (National Stock Exchange of Australia): 0.5%

ASX Limited dominates the Australian market with a market share of 80%, attributed to its established infrastructure, regulatory support, and comprehensive product range. The largest competitor, Chi-X Australia, holds a market share of 15% and mainly competes in the electronic trading sector.

The moat of ASX Limited is significant, as the company benefits from its established market position, wide product range, and strong regulatory relationships. These factors make it difficult for new market entrants to penetrate the market and gain significant market share.

Competitors, especially Chi-X Australia, have made progress in recent years; however, ASX Limited provides a stable and challenging advantage through its comprehensive service offering and existing infrastructure. The moat of ASX Limited remains pronounced compared to other companies.

Revenue Growth: 5.8% (2024) Profit Growth: 4.2% (2024) Market Share in Australian Stock Exchange: 85% (2024)

ASX Limited achieved a moderate revenue growth of 5.8% in 2024, attributed to stable demand for their stock exchange services. Profit growth was at 4.2%, indicating efficient cost control and operational improvements.

ASX Limited's market share in the Australian stock exchange remains dominant at 85%, highlighting the company's strong market position. This market position provides a solid foundation for future growth and stability.

Additionally, ASX Limited continues to invest in technological innovations and infrastructure improvements, which are expected to lead to long-term efficiency gains and enhanced competitiveness. These factors could increase the attractiveness of the stock as a long-term investment.

Dividend Yield: 3.5% (2025, estimated)
Payout Ratio: 90% (2025, estimated)

ASX Limited is known for paying a regular dividend to its shareholders. The company's dividend policy aims to distribute a large portion of its profits in the form of dividends, as highlighted by the high payout ratio of around 90%.

The dividend yield of 3.5% indicates that ASX Limited offers an attractive return for investors seeking regular income. The reliability of the payout is supported by the company's stable financial performance and strong market position. Historically, ASX Limited has also maintained its dividend payments even in economically challenging times, indicating a robust dividend policy.