Saudi Tadawul Group Holding Co. announces its interim financial results for the period ending on 30-06-2025 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 318.9 | 353.5 | -9.787 | 328.2 | -2.833 |
| Gross Profit (Loss) | 174.2 | 218.2 | -20.164 | 192.3 | -9.412 |
| Operational Profit (Loss) | 78.1 | 145.7 | -46.396 | 107.6 | -27.416 |
| Net profit (Loss) | 96.2 | 163.8 | -41.269 | 120.5 | -20.165 |
| Total Comprehensive Income | 91.7 | 161.2 | -43.114 | 119.1 | -23.005 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 647.1 | 741.1 | -12.683 |
| Gross Profit (Loss) | 366.5 | 479.9 | -23.629 |
| Operational Profit (Loss) | 185.7 | 337.9 | -45.042 |
| Net profit (Loss) | 216.8 | 365.4 | -40.667 |
| Total Comprehensive Income | 210.8 | 362.6 | -41.864 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,270.6 | 3,233.1 | 1.159 |
| Profit (Loss) per Share | 1.81 | 3.04 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Saudi Tadawul Group Holding Co. (the Group) operating revenues amounted to SAR 318.9 million in Q2 2025, compared to SAR 353.5 million in Q2 2024, representing a decrease of 9.8%.
The decrease in the operating revenues during Q2 2025 compared to Q2 2024, is attributed to the decrease in trading services and post-trade services revenues, as result of a 32.2% decrease in average daily trading values, partially offset by an 8.1% increase in revenues from non-trading linked services. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Group’s net profit after zakat amounted to SAR 96.2 million in Q2 2025, compared to SAR 163.8 million in Q2 2024, representing a decrease of 41.3%.
The reasons for the decrease in net profit after zakat for Q2 2025 compared to Q2 2024 include: - Operating revenues amounted to SAR 318.9 million in Q2 2025, compared to SAR 353.5 million in Q2 2024, representing a decrease of 9.8%. The decrease in the operating revenues during Q2 2025 compared to Q2 2024, is attributed to the decrease in trading services and post-trade services revenues, as result of a 32.2% decrease in average daily trading values, partially offset by an 8.1% increase in revenues from non-trading linked services. - Operating expenditures amounted to SAR 240.7 million in Q2 2025, compared to SAR 207.8 million in Q2 2024, representing an increase of 15.9%. This increase aligns with the Group’s strategic plans and its future growth directions, which have resulted in an increase in workforce costs driven by a rise in headcount, as well as increased costs in systems maintenance. The earnings per share amounted to SAR 0.80 in Q2 2025, compared to SAR 1.37 in Q2 2024, representing a decrease of 41.3%. The gross profit amounted to SAR 174.2 million in Q2 2025, compared to SAR 218.2 million in Q2 2024, representing a decrease of 20.2%. The operational profit amounted to SAR 78.1 million in Q2 2025, compared to SAR 145.7 million in Q2 2024, representing a decrease of 46.4%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Group’s operating revenues amounted to SAR 318.9 million in Q2 2025, compared to SAR 328.2 million in Q1 2025, representing a decrease of 2.8%.
The decrease in the operating revenues during Q2 2025 compared to Q1 2025, is attributed to the decrease in trading services and post-trade services revenues, as result of a 7.3% decrease in average daily trading values, partially offset by a 3.2% increase in revenues from non-trading linked services. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Group’s net profit after zakat amounted to SAR 96.2 million in Q2 2025, compared to SAR 120.5 million in Q1 2025, representing a decrease of 20.2%.
The reasons for the decrease in net profit after zakat for Q2 2025 compared to previous quarter include: - Operating revenues amounted to SAR 318.9 million in Q2 2025, compared to SAR 328.2 million in Q1 2025, representing a decrease of 2.8%. The decrease in the operating revenues during Q2 2025 compared to Q1 2025, is attributed to the decrease in trading services and post-trade services revenues, as result of a 7.3% decrease in average daily trading values, partially offset by a 3.2% increase in revenues from non-trading linked services. - Operating expenditures amounted to SAR 240.7 million in Q2 2025, compared to SAR 220.7 million in Q1 2025, representing an increase of 9.1%. The increase in operating expenditures during Q2 2025, compared to Q1 2025, is primarily attributed to an increase in training and development costs, in line with the Group’s continued investment in its employees’ talent and capability building, as well as an increase in costs from Direct Financial Network Company and an increase in depreciation and amortization expenses. The earnings per share amounted to SAR 0.80 in Q2 2025, compared to SAR 1.00 in Q1 2025, representing a decrease of 20.2%. The gross profit amounted to SAR 174.2 million in Q2 2025, compared to SAR 192.3 million in Q1 2025, representing a decrease of 9.4%. The operational profit amounted to SAR 78.1 million in Q2 2025, compared to SAR 107.6 million in Q1 2025, representing a decrease of 27.4%. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The Group’s operating revenues amounted to SAR 647.1 million in the first half of 2025, compared to SAR 741.1 million for the similar period of the previous year, representing a decrease of 12.7%.
The decrease in the operating revenues during the first half of 2025 compared to the similar period of the previous year, is attributed to the decrease in trading services and post-trade services revenues, as result of a 33.3% decrease in average daily trading values, partially offset by a 12.4% increase in revenues from non-trading linked services. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Group’s net profit after zakat amounted to SAR 216.8 million in the first half of 2025, compared to SAR 365.4 million for the similar period of the previous year, representing a decrease of 40.7%. The reasons for the decrease in net profit after zakat for the first half of 2025, compared to the similar period of the previous year include:
- Operating revenues amounted to SAR 647.1 million in the first half of 2025, compared to SAR 741.1 million for the similar period of the previous year, representing a decrease of 12.7%. The decrease in the operating revenues during the first half of 2025 compared to the similar period of the previous year, is attributed to the decrease in trading services and post-trade services revenues, as result of a 33.3% decrease in average daily trading values, partially offset by a 12.4% increase in revenues from non-trading linked services. - Operating expenditures amounted to SAR 461.4 million in the first half of 2025, compared to SAR 403.1 million for the similar period of the previous year, representing an increase of 14.4%. This increase aligns with the Group’s strategic plans and its future growth directions, which have resulted in an increase in workforce costs driven by a rise in headcount, as well as increased costs in systems maintenance. The earnings per share amounted to SAR 1.81 in the first half of 2025, compared to SAR 3.04 for the similar period of the previous year, representing a decrease of 40.7%. The gross profit amounted to SAR 366.5 million in the first half of 2025, compared to SAR 479.9 million for the similar period of the previous year, representing a decrease of 23.6%. The operational profit amounted to SAR 185.7 million in the first half of 2025, compared to SAR 337.9 million for the similar period of the previous year, representing a decrease of 45.0%. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current period presentation. |
| Additional Information | The total comprehensive income amounted to SAR 210.8 million in the first half of 2025, compared to SAR 362.6 million for the similar period of the previous year, representing a decrease of 41.9%.
The total shareholders' equity (after deducting the minority equity) amounted to SAR 3,270.6 million in the first half of 2025, compared to SAR 3,233.1 million for the similar period of the previous year, representing an increase of 1.2%. The Group is organized into business segments based on the services provided. The reportable revenues segments of the Group are as follows: - Capital Markets Segment: Revenues in the Capital Markets segment decreased by 18.4%, compared to the first half of 2024, reaching SAR 197.5 million in the first half of 2025. This decrease was primarily driven by a 33.3% decrease in average daily trading values, partially offset by a 25.6% increase in listing services revenues. - Data and Technology Services Segment: Revenues in the data and technology services segment increased by 22.9% compared to the first half of 2024, reaching SAR 119.3 million in the first half of 2025. This growth was primarily driven by an increase in co-location services revenues, as well as an increase in revenue from Direct Financial Network Company. - Post-Trade Segment: Revenues in the Post-trade segment decreased by 17.8% compared to the first half of 2024, reaching SAR 330.4 million in the first half of 2025. This decrease was primarily driven by a 33.3% decrease in average daily trading values, partially offset by a 5.3% increase in registry services revenues, and a 5.2% increase in depository services. |
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