Saudi Tadawul Group Holding Co. (Tadawul Group) reported a net profit of SAR 120.5 million in Q1 2025, a 40% decline from SAR 201.5 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 387.63 | 328.24 | (15.3 %) |
Gross Income | 261.75 | 192.34 | (26.5 %) |
Operating Income | 192.28 | 107.59 | (44.0 %) |
Net Income | 201.52 | 120.51 | (40.2 %) |
Average Shares | 120.00 | 120.00 | - |
Earnings Per Share before unusual items (Riyals) | 1.68 | 1.00 | (40.2 %) |
EPS (Riyals) | 1.68 | 1.00 | (40.2 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 346.33 | 328.24 | (5.2 %) |
Gross Income | 219.65 | 192.34 | (12.4 %) |
Operating Income | 104.59 | 107.59 | 2.9 % |
Net Income | 116.14 | 120.51 | 3.8 % |
Average Shares | 120.00 | 120.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.97 | 1.00 | 3.8 % |
EPS (Riyals) | 0.97 | 1.00 | 3.8 % |
The profit decline is attributed to a 15.3% year-on-year (YoY) drop in operating revenues to SAR 328.2 million in Q1 2025.
This followed a decrease in trading services and post-trade services revenues, as result of a 33.8% decline in trading values, partially offset by a 17.3% increase in revenues from non-trading linked services.
Operating expenses reached SAR 220.7 million in Q1 2025, up 13% YoY. This growth aligns with the group’s strategic plans and future growth directions, which have resulted in an increase in workforce costs driven by a rise in headcount, as well as higher costs of systems maintenance.
Gross profit fell 26.5% to SAR 192.3 million in Q1 2025, compared to SAR 261.7 million in Q1 2024.
Operating profit was down 44% to SAR 107.6 million in Q1 2025, compared to SAR 192.3 million in Q1 2024.
On a quarterly basis, net earnings grew 3.8% from SAR 116.14 million.
Shareholders’ equity, after minority interest, reached SAR 3.58 billion by March 31, 2025, compared to SAR 3.32 billion a year ago.
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