Stonegate Updates Coverage on NZX Limited (NZX) Q4 2024

Dallas, Texas--(Newsfile Corp. - February 24, 2025) - NZX Limited (NZSE: NZX): Stonegate Capital Partners updates their coverage on NZX Limited (NZSE: NZX). NZX reported revenue, adj EBITDA, and adj EPS of $62.9M, $24.7M, and $10.22, respectively. This compares to our estimates of $61.0M, $22.1M, and $7.94. Topline outperformance was due to strong results in all segments. This outperformance was exacerbated by higher GPM than expected in the Wealth Tech segment.

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Key Takeaways:

• FUM growth of 22.6% from FY23.
• FUA growth of 40.4% from FY23.
• Capital raised and listed in FY24 totaled $15.8B. This represents a y/y increase of11.6%.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242063

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