Moscow Exchange expects operating expenses to grow by 20-30%

Moscow Exchange expects operating expenses in 2025 to grow by 20-30% year-on-year, it said in its presentation for its 2024 financial results conference call. Capital expenditure is expected to be in the range of ₽14-16 billion,. In 2024, the exchange's operating expenses rose 61.4% to ₽46.3 billion, mainly due to higher spending on marketing, personnel and maintenance. Capital expenditure amounted to ₽12.5 billion in 2024.