TISE’s Standout First-Half Results
The International Stock Exchange Group Limited (TISE) delivered a strong first-half performance, with record turnover, higher profits, and increased earnings per share. Taken together, these results reinforce TISE’s position as a key venue for Europe’s bond market and a platform that continues to attract issuers looking for speed, certainty, and a well-run listing environment.
Revenue Momentum and Top-Line Records
In its latest Interim Report, TISE posted revenues of £6.4 million, a year-on-year increase of 22.4%. That record turnover points to sustained demand for TISE’s market services and an ability to adapt quickly to shifting economic conditions. It’s not just a bigger top line; it’s evidence of a business model that’s scaling efficiently while staying focused on issuer needs.
Profits and Returns to Shareholders
Profit after tax reached £3.0 million for the period, up 28.4% from a year earlier. TISE also underlined its focus on shareholder returns, distributing approximately £7.0 million in total. This comprised a special dividend of £2.00 per share alongside an ordinary dividend of 45.0p per share. The combination of higher profitability and meaningful distributions signals healthy cash generation and disciplined capital management.
Listings Growth That Reshapes the Tape
Listings activity was equally robust. During the first half of the year, 444 new securities joined TISE, an 18.4% increase on the prior year. By 30 June, the number of securities on TISE’s Official List stood at 4,371. That step-up in activity doesn’t happen by accident; it reflects issuers’ growing confidence in the exchange’s processes and its reach across markets.
Maintaining Leadership in Bonds
Within fixed income, TISE kept its leading role in Europe’s Qualified Investor Bond Market (QIBM). It admitted 436 new debt securities in the period, up from 369 in the comparable stretch a year earlier. This momentum underlines the depth of TISE’s framework for private equity structures, high-yield bonds, and securitizations—segments where speed, documentation expertise, and predictability matter.
Equity Market Highlights
TISE’s equity franchise also advanced, particularly in the UK Real Estate Investment Trust (REIT) segment. Four new UK REITs listed during the first half, double the number from the same period in 2023, bringing the total to 45 UK REITs on the exchange. It’s a steady build: more issuers, a broader community, and a clearer role for TISE in the UK REIT landscape.
Launching Private Markets Services
Another milestone was the launch of TISE’s private markets services with its first client, Blue Diamond Limited. The service is designed to help unlisted companies manage trading in their shares by using integrated electronic auction trading, settlement, and registry management. In practice, that means a cleaner, more controlled path for companies to organize liquidity events without a full public listing.
Strategy, Resilience, and What’s Next
Chair Anderson Whamond reflected on the progress, stating, “Our record turnover reflects both our capacity as a leading European bond market and the positive macroeconomic trends. The ongoing growth of our market infrastructure positions TISE for sustainable expansion.” It’s a concise way of saying the platform is built for where the market is—and where it’s going.
CEO Perspective on Positioning
CEO Cees Vermaas emphasized the strategy behind the numbers: a diversified model that can navigate shifting market conditions while keeping operational performance consistently strong. The approach aims to capture opportunities across both public and private markets, with the flexibility to respond as issuance windows open and close.
Looking Ahead
With record financial results and a larger roster of listed securities, TISE enters the second half with momentum. The foundation—listings leadership, reliable infrastructure, and new private markets capabilities—sets a clear path for continued growth. No fireworks needed; steady execution is doing the work.
Frequently Asked Questions
What milestones did TISE achieve in the first half of 2024?
TISE reported record turnover of £6.4 million, profit after tax of £3.0 million, and an increase in earnings per share to 107.0p, marking a strong first-half performance.
How did TISE’s listings change during the period?
The exchange admitted 444 new securities in the first half, an 18.4% year-on-year increase, bringing the total number of listed securities to 4,371 by 30 June.
What dividends did TISE return to shareholders?
TISE returned approximately £7.0 million in total, comprising a special dividend of £2.00 per share and an ordinary dividend of 45.0p per share.
Which parts of the market drove TISE’s growth?
Growth was led by the Qualified Investor Bond Market (QIBM), with 436 new debt securities listed, and continued expansion in UK Real Estate Investment Trusts, which reached a total of 45 UK REITs.
What is TISE offering in private markets, and who was the first client?
TISE launched private markets services that provide integrated electronic auction trading, settlement, and registry management for unlisted companies, with Blue Diamond Limited as the first client.
