Saudi Tadawul Group Holding Co. announces its interim financial results for the period ending on 30-09-2025 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 317.8 | 359.1 | -11.5 | 318.9 | -0.344 |
| Gross Profit (Loss) | 164.2 | 212.2 | -22.62 | 174.2 | -5.74 |
| Operational Profit (Loss) | 63 | 123.6 | -49.029 | 78.1 | -19.334 |
| Net profit (Loss) | 82.7 | 140.4 | -41.096 | 96.2 | -14.033 |
| Total Comprehensive Income | 76.7 | 137.6 | -44.258 | 91.7 | -16.357 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 964.9 | 1,100.2 | -12.297 |
| Gross Profit (Loss) | 530.7 | 692.1 | -23.32 |
| Operational Profit (Loss) | 248.7 | 461.5 | -46.11 |
| Net profit (Loss) | 299.4 | 505.7 | -40.794 |
| Total Comprehensive Income | 287.5 | 500.2 | -42.522 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,347.3 | 3,368 | -0.614 |
| Profit (Loss) per Share | 2.5 | 4.21 | |
| 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 317.8 million in Q3 2025, compared to SAR 359.1 million in Q3 2024, representing a decrease of 11.5%.
The decrease in the operating revenues during Q3 2025 compared to Q3 2024, is attributed to the decrease in trading services and post-trade services revenues, as result of a 26.9% decrease in average daily trading values, partially offset by an 7.1% 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 82.7 million in Q3 2025, compared to SAR 140.4 million in Q3 2024, representing a decrease of 41.1%.
The reasons for the decrease in net profit after zakat for Q3 2025 compared to Q3 2024 include: - Operating revenues amounted to SAR 317.8 million in Q3 2025, compared to SAR 359.1 million in Q3 2024, representing a decrease of 11.5%. - Operating expenditures amounted to SAR 254.8 million in Q3 2025, compared to SAR 235.5 million in Q3 2024, representing an increase of 8.2%. This increase aligns with the Group’s strategic plans and its future growth directions, which have resulted in an increase in depreciation and amortization costs, as well as increased costs in systems maintenance. The earnings per share amounted to SAR 0.69 in Q3 2025, compared to SAR 1.17 in Q3 2024, representing a decrease of 41.1%. The gross profit amounted to SAR 164.2 million in Q3 2025, compared to SAR 212.2 million in Q3 2024, representing a decrease of 22.6%. The operational profit amounted to SAR 63.0 million in Q3 2025, compared to SAR 123.6 million in Q3 2024, representing a decrease of 49.0%. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to SAR 94.7 million in Q3 2025, compared to SAR 144.2 million in Q3 2024, representing a decrease of 34.3%. |
| 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 317.8 million in Q3 2025, compared to SAR 318.9 million in Q2 2025, representing a decrease of 0.3%.
The decrease in the operating revenues during Q3 2025 compared to Q2 2025, is attributed to the decrease in trading services and post-trade services revenues, as result of a 9.1% decrease in average daily trading values, partially offset by a 1.8% 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 82.7 million in Q3 2025, compared to SAR 96.2 million in Q2 2025, representing a decrease of 14.0%.
The reasons for the decrease in net profit after zakat for Q3 2025 compared to Q2 2025 include: - Operating revenues amounted to SAR 317.8 million in Q3 2025, compared to SAR 318.9 million in Q2 2025, representing a decrease of 0.3%. - Operating expenditures amounted to SAR 254.8 million in Q3 2025, compared to SAR 240.7 million in Q2 2025, representing an increase of 5.8%. The increase in operating expenditures during Q3 2025, compared to Q2 2025, is primarily attributed to an increase in the systems maintenance costs, as well as increase in depreciation and amortization costs. The earnings per share amounted to SAR 0.69 in Q3 2025, compared to SAR 0.80 in Q2 2025, representing a decrease of 14.0%. The gross profit amounted to SAR 164.2 million in Q3 2025, compared to SAR 174.2 million in Q2 2025, representing a decrease of 5.7%. The operational profit amounted to SAR 63.0 million in Q3 2025, compared to SAR 78.1 million in Q2 2025, representing a decrease of 19.3%. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to SAR 94.7 million in Q3 2025, compared to SAR 104.5 million in Q2 2025, representing a decrease of 9.4%. |
| 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 964.9 million in the first nine months of 2025, compared to SAR 1,100.2 million for the similar period of the previous year, representing a decrease of 12.3%.
The decrease in the operating revenues during the first nine months 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 31.3% decrease in average daily trading values, partially offset by a 10.6% 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 299.4 million in the first nine months of 2025, compared to SAR 505.7 million for the similar period of the previous year, representing a decrease of 40.8%.
The reasons for the decrease in net profit after zakat for the first nine months of 2025, compared to the similar period of the previous year include: - Operating revenues amounted to SAR 964.9 million in the first nine months of 2025, compared to SAR 1,100.2 million for the similar period of the previous year, representing a decrease of 12.3%. - Operating expenditures amounted to SAR 716.2 million in the first nine months of 2025, compared to SAR 638.7 million for the similar period of the previous year, representing an increase of 12.1%. This increase aligns with the Group’s strategic plans and its future growth directions, which have resulted in an increase in systems maintenance costs, depreciation and amortization costs, as well as increase in workforce costs driven by a rise in headcount. The earnings per share amounted to SAR 2.50 in the first nine months of 2025, compared to SAR 4.21 for the similar period of the previous year, representing a decrease of 40.8%. The gross profit amounted to SAR 530.7 million in the first nine months of 2025, compared to SAR 692.1 million for the similar period of the previous year, representing a decrease of 23.3%. The operational profit amounted to SAR 248.7 million in the first nine months of 2025, compared to SAR 461.5 million for the similar period of the previous year, representing a decrease of 46.1%. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to SAR 329.0 million in the first nine months of 2025, compared to SAR 522.9 million for the similar period of the previous year, representing a decrease of 37.1%. |
| 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 287.5 million in the first nine months of 2025, compared to SAR 500.2 million for the similar period of the previous year, representing a decrease of 42.5%.
The total shareholders' equity (after deducting the minority equity) amounted to SAR 3,347.3 million in the first nine months of 2025, compared to SAR 3,368.0 million for the similar period of the previous year, representing a decrease of 0.6%. 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 18.6%, compared to the first nine months of the previous year, reaching SAR 288.4 million in the first nine months of 2025. This decrease was primarily driven by a 31.3% decrease in average daily trading values, partially offset by a 19.6% increase in listing services revenues. - Data and Technology Services Segment: Revenues in the data and technology services segment increased by 22.8%, compared to the first nine months of the previous year, reaching SAR 189.6 million in the first nine months of 2025. This growth was primarily driven by an increase in co-location services revenues, as well as an increase in revenues from Direct Financial Network Company. - Post-Trade Segment: Revenues in the Post-trade segment decreased by 17.7%, compared to the first nine months of the previous year, reaching SAR 486.9 million in the first nine months of 2025. This decrease was primarily driven by a 31.3% decrease in average daily trading values, partially offset by an 8.1% increase in registry services revenues. For more information about the financial results, please refer to the Investor Bulletin attached to this announcement. We would also like to inform our valued shareholders that the condensed consolidated interim financial statements for the period ended 30 September 2025 will be available on the Group’s website under the Investor Relations Page following the publication on the Saudi Exchange website. |
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