TMX Group Limited (TMXXF) Q1 2025 Earnings Call Transcript


TMX Group Limited (OTCPK:TMXXF) Q1 2025 Earnings Conference Call May 6, 2025 8:00 AM ET

Company Participants

Amin Mousavian – Vice President of Investor Relations, Treasury, and Interim Chief Risk Officer
John McKenzie – Chief Executive Officer
David Arnold – Chief Financial Officer

Conference Call Participants

Étienne Ricard – BMO Capital Markets
Aravinda Galappatthige – Canaccord Genuity
Chris O’Brien – Barclays Capital
Nik Priebe – CIBC Capital Markets
Jaeme Gloyn – National Bank Financial
Graham Ryding – TD Securities
Brian Bedell – Deutsche Bank

Operator

[Abrupt start] — conference operator. Welcome to the TMX Group Limited First Quarter 2025 Results Conference Call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. Following prepared remarks, there will be an opportunity for analysts to ask questions. [Operator Instructions]

I would now like to turn the conference over to Amin Mousavian, Vice President of Investor Relations, and Treasury, and Interim Chief Risk Officer. Please go ahead, Mr. Mousavian.

Amin Mousavian

Thank you, Michael, and good morning, everyone. Thanks for joining us today to discuss the 2025 first quarter results for TMX Group. We announced our results for an outstanding quarter highlighted by another record revenue performance last night. Copies of our press release and MD&A are available on tmx.com under Investor Relations.

This morning, we have with us John McKenzie, our Chief Executive Officer; and David Arnold, our Chief Financial Officer. Following the opening remarks, we’ll have a question-and-answer session.

Before we begin, let’s cover our forward-looking legal disclosure. Certain statements made during this call may relate to future events and expectations and constitute forward-looking information within the meaning of the Canadian securities law. Actual results may differ materially from these expectations, and additional information is contained in our press release and periodic reports that we have filed with the regulatory



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