Trading activities on the South Pacific Stock Exchange (SPX) in 2025 reached $62.65 million, the highest annual trading value recorded since 2015. In a statement, SPX said this represented a 68 per cent increase compared to 2024, highlighting an uplift in trading activity and investor participation.
“This improvement was further reflected in the daily average turnover, a commonly used indicator by stock exchanges to assess underlying market activity.
“Average daily turnover increased by 69per cent in 2025 to $249,610.
“From a corporate performance and shareholder returns perspective, 2025 was a record year for dividend distributions.
“Listed companies paid consolidated dividends of $103 million to shareholders, surpassing the previous annual dividend payment record of $76 million recorded in 2024.”
Dividends, SPX added, were paid by 18 of the 20 listed companies, “marking a continuation of the dividend payment trend seen among SPX listed companies.”
“This outcome reflects both the profitability and resilience of Fiji’s listed corporates, with 19 of the 20 listed companies reporting profits during the year.”
The year was also notable in that for the first time in Fiji’s capital market history, both equity and debt offers for listing were registered within a single calendar year.
“An equity initial public offering by Shreedhar Motors Limited and a wholesale corporate bond offer by RB Patel Group Ltdd marked progress building on the reactivation of the IPO market in 2024 and reflected growing interest among private sector companies in using the stock exchange as part of their long-term growth and financing strategies.”
SPX chairperson Nitin Gandhi said 2025’s performance reflected a growing level of confidence in Fiji’s capital market.
“The increase in trading value and transaction activity points to a market that is becoming more active and more consistently used by participants.
“This type of activity is important because it supports price discovery, liquidity and overall market credibility,” Mr Gandhi said.
“Strong dividend outcomes and positive market returns demonstrate the underlying strength of listed companies in Fiji and reinforce the role of the stock market in long term wealth creation. “At the same time, the registration of both equity and debt capital raising offers during the year signals renewed interest from the private sector in accessing the public market to support growth and diversification.
“Taken together, these developments suggest that the foundations for a deeper and more resilient capital market are strengthening.”
