NZX Shareholder Metrics - September 2025

NZX Listed IssuersSep 2025Change YoYCapital Listed and RaisedYTDChange YoY
Total equity securities117-4.1%Total capital listed and raised$2,504 m$17,475 m52.8%
Total fund securities567.7%
Total retail debt securities140-2.1%New Capital Listed
Total wholesale debt securities7-12.5%Total capital listed by all issuers$1,679 m$10,327 m222.6%
Total other securities4-
Total listed securities324-1.5%Equity listings$66 m$7,146 m2161.5%
Fund listings--n/a
Retail debt listings$1,613 m$3,181 m10.3%
Total NZX Main Board equity issuers116-4.1%Wholesale debt listings--n/a
Total NZX Main Board fund issuers567.7%
Total NZX Debt Market retail debt issuers45-4.3%Secondary Capital Raised
Total NZX Debt Market wholesale debt issuers2-Total capital raised by all issuers$825 m$7,148 m-13.2%
Total other issuers4-
Total unique issuers197-0.5%Total equity raised - NZ issuers$443 m$4,153 m-2.6%
Total equity raised - dual or foreign issuer$101 m$586 m886.7%
Total funds raised - NZ issuers$129 m$1,268 m-3.6%
Market CapitalisationSep 2025Change YoY% of GDPTotal funds raised - dual or foreign issuer$7 m$252 m142.3%
Total market capitalisation$246,311 m8.1%56.5%Total retail debt raised$145 m$889 m-64.3%
Total wholesale debt raised--n/a
All equity$180,432 m12.1%41.4%
All funds$9,685 m-7.1%2.2%
All other$21 m23.6%0.0%Total number of secondary capital raising events365 2,547 63.2%
Total NZX Main Board$190,139 m10.9%43.6%Equity issuers - capital raised < $10m25 155 -1.3%
Equity issuers - capital raised ≥ $10m < $100m9 30 66.7%
Retail debt$44,209 m5.7%10.1%Equity issuers - capital raised ≥ $100m1 7 -
Green bonds$6,125 m-10.3%1.4%Fund issuers - capital raised327 2,336 72.5%
Wholesale debt$5,838 m-24.6%1.3%Retail debt issuers - capital raised3 19 -24.0%
Total NZX Debt Market$56,172 m-0.4%12.9%Wholesale debt issuers - capital raised- - -
Cash MarketSep 2025Change YoYClearing House / DepositorySep 2025Change YoY
Total value traded$3,823 m-6.0%Gross value of cleared trades over month$3,773 m-5.8%
Auction value traded$1,179 m-11.9%Assets under custody in depository at period end$6,096 m-28.3%
Continuous value traded$1,121 m-7.9%Depository Uplifts10,118 16.1%
NZX Dark value traded$189 m2.7%Settlement Lines20,815 9.5%
% of value on-market65.1%-3.3%OTC Trades11,354 33.0%
Total trades928,302-1.6%
Daily average value traded$174 m-10.3%
Daily average trades42,196-6.1%
DerivativesSep 2025Change YoY
Total Equity TransactionsFutures - total lots traded67,93613.3%
Total trades922,484-1.6%Options - total lots traded22,016946.9%
Value traded$3,605 m-5.7%Total derivatives lots traded89,95244.9%
% of value on-market66.3%-2.7%Total derivatives lots traded - YTD568,53512.8%
Average on-market trade size$2,611-6.6%Open interest at period end207,74626.9%
Notional value traded ($USD)$527 m49.0%
Total Debt TransactionsOptions to futures ratio32.4%824.1%
Total trades5,818-6.8%Negotiated Large Trade (NLT) %50.8%-18.9%
Value traded $218 m-10.2%
Cumulative Numbers - YTDEnergy and Environment ContractsSep 2025Change YoY
Number of trades7,980,057 25.5%Operating / Technology contracts17-
Total value traded$31,642 m18.0%- contracts ≥ $500k p.a.4-
% of value on-market62.9%0.5%- contracts $20k - $500k p.a.13-
NZX Limited - Monthly Shareholder Metrics
September 2025
These shareholder metrics represent the key operations of NZX's business.
Core Markets
Sep 2025

NZX Indices PerformanceSep 2025Change YoYWholesale DataSep 2025Change YoY
S&P/NZX 50 Index (Gross)13,2927.0%Terminal numbers - professional6,057-2.4%
S&P/NZX 50 Index (Capital)4,8293.8%Terminal numbers - retail1,369-9.3%
S&P/NZX 50 Portfolio Index8,3929.0%Licences - value ≥ $20k p.a.802.6%
S&P/NZX NZ Fixed Interest Composite Index1345.9%Licences - value < $20k p.a.66-2.9%
S&P/NZX A-Grade Bond Index6,5456.5%
Direct Data ProductsSep 2025Change YoYDairy Data SubscriptionsSep 2025Change YoY
Proprietary security subscription products274-4.9%Dairy data subscriptions403-2.9%
- products ≥ $3,000 p.a.93-2.1% - products ≥ $1,500 p.a. 130-2.3%
- products < $3,000 p.a.181-6.2% - products < $1,500 p.a. 273-3.2%
Sep 2025Change YoY
Total external funds under management$15,414 m22.8%
Scheme FUMSep 2025Change YoY
SuperLife Kiwisaver$2,856 m16.8%
Workplace Savings Master Trusts$3,496 m7.5%
Smart Exchange Traded Funds - External$4,498 m43.2%
Smart Exchange Traded Funds - Total (external and internal)$6,971 m-18.5%
Other MetricsSep 2025Change YoY
Units on issue1,804 m-34.6%
Value of stock lent over month$158 m-16.8%
Sep 2025Change YoY
Funds under administration$18,873 m20.9%
Smart
Wealth Technologies
Notes
1. All figures are measured at the end of the last trading day of each month unless otherwise stated.
Change refers to the change since the same period last year unless otherwise stated.
2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX).
With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.
3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.
4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.
5. "Other" securities include rights, warrants and options quoted on the NZX Main Board (NZSX).
6. Auction value traded refers to trades made during the opening and closing auctions.Continuous value traded refers to on market trades made on NZX Central and NZX Debt
Markets during the Normal Trading session. On market value traded refers to all trading excluding off market trades.
7. Please note these operational statistics are based on NZX’s internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
Differences may also arise between this data and the previously reported data due to rounding and classification restatements.
To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: insights@nzx.com