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Saudi Tadawul Group Holding Co. announces its interim financial results for the period ending on 31-03-2025 (Three Months)
1446/10/29 27/04/2025 08:00:09
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 328.2 | 387.6 | -15.325 | 346.3 | -5.226 |
| Gross Profit (Loss) | 192.3 | 261.7 | -26.518 | 219.7 | -12.471 |
| Operational Profit (Loss) | 107.6 | 192.3 | -44.045 | 104.6 | 2.868 |
| Net profit (Loss) | 120.5 | 201.5 | -40.198 | 116.1 | 3.789 |
| Total Comprehensive Income | 119.1 | 201.4 | -40.863 | 122.5 | -2.775 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 3,581.9 | 3,326.8 | 7.668 |
| Profit (Loss) per Share | 1 | 1.68 | |
| 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 328.2 million in Q1 2025, compared to SAR 387.6 million in Q1 2024, representing a decrease of 15.3%. The decrease in the operating revenues during Q1 2025 compared to Q1 2024, is attributed to the decrease in trading services and post-trade services revenues, as result of a 33.8% decrease in trading values, partially offset by a 17.3% 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 120.5 million in Q1 2025, compared to SAR 201.5 million in Q1 2024, representing a decrease of 40.2%. The reasons for the decrease in net profit after zakat for Q1 2025 compared to Q1 2024 include: - Operating revenues amounted to SAR 328.2 million in Q1 2025, compared to SAR 387.6 million in Q1 2024, representing a decrease of 15.3%. The decrease in the operating revenues during Q1 2025 compared to Q1 2024, is attributed to the decrease in trading services and post-trade services revenues, as result of a 33.8% decrease in trading values, partially offset by a 17.3% increase in revenues from non-trading linked services. - Operating expenditures amounted to SAR 220.7 million in Q1 2025, compared to SAR 195.4 million in Q1 2024, representing an increase of 13.0%. 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 1.00 in Q1 2025, compared to SAR 1.68 in Q1 2024, representing a decrease of 40.2%. The gross profit amounted to SAR 192.3 million in Q1 2025, compared to SAR 261.7 million in Q1 2024, representing a decrease of 26.5%. The operational profit amounted to SAR 107.6 million in Q1 2025, compared to SAR 192.3 million in Q1 2024, representing a decrease of 44.0%. |
| 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 328.2 million in Q1 2025, compared to SAR 346.3 million in Q4 2024, representing a decrease of 5.2%. The decrease in the operating revenues during Q1 2025 compared to Q4 2024, is attributed to the decrease in trading services and post-trade services revenues, driven by fewer number of trading days, along with a 2.7% decrease 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 achieved a net profit after zakat of SAR 120.5 million in Q1 2025, compared to SAR 116.1 million in Q4 2024, representing an increase of 3.8%. The reasons for the increase in net profit after zakat for Q1 2025 compared to previous quarter include: - Operating revenues amounted to SAR 328.2 million in Q1 2025, compared to SAR 346.3 million in Q4 2024, representing a decrease of 5.2%. The decrease in the operating revenues during Q1 2025 compared to Q4 2024, is attributed to the decrease in trading services and post-trade services revenues, driven by fewer number of trading days, along with a 2.7% decrease in revenues from non-trading linked services. - Operating expenditures amounted to SAR 220.7 million in Q1 2025, compared to SAR 241.7 million in Q4 2024, representing a decrease of 8.7%. The decrease in operating expenditures during Q1 2025, compared to Q4 2024, is primarily attributed to a decrease in consultancy and marketing expenses. The earnings per share amounted to SAR 1.00 in Q1 2025, compared to SAR 0.97 in Q4 2024, representing an increase of 3.8%. The gross profit amounted to SAR 192.3 million in Q1 2025, compared to SAR 219.7 million in Q4 2024, representing a decrease of 12.4%. The operational profit amounted to SAR 107.6 million in Q1 2025, compared to SAR 104.6 million in Q4 2024, representing an increase of 2.9%. |
| 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 119.1 million in Q1 2025, compared to SAR 201.4 million in Q1 2024, representing a decrease of 40.9%. The total shareholders' equity (after deducting the minority equity) amounted to SAR 3,581.9 million in Q1 2025, compared to SAR 3,326.8 million in Q1 2024, representing an increase of 7.7%. 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 23.9%, compared to Q1 2024, reaching SAR 101.6 million in Q1 2025. This decrease was primarily driven by a 33.8% decrease in trading values, partially offset by a 20.3% increase in Listing services revenues. - Data and Technology Services Segment: Revenues in the data and technology services segment increased by 23.7% compared to Q1 2024, reaching SAR 58.2 million in Q1 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 18.7% compared to Q1 2024, reaching SAR 168.4 million in Q1 2025. This decrease was primarily driven by a 33.8% decrease in trading values, partially offset by a 14.4% increase in net commission income on Saudi Central Bank (SAMA) bills and deposits, and 8.4% increase in registry services revenues. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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