Saudi Tadawul Group Holding Co. (Tadawul Group) reported a net profit after Zakat and tax of SAR 587.7 million in 2021, up 17% from SAR 500.5 million in the year-ago period.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 1,079.64 | 1,166.08 | 8.0 % |
| Gross Income | 754.40 | 834.29 | 10.6 % |
| Operating Income | 543.16 | 613.57 | 13.0 % |
| Net Income | 500.52 | 587.69 | 17.4 % |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 4.17 | 4.90 | 17.4 % |
The profit was driven by an 8.01% year-on-year (YoY) increase in operating revenues due to the solid growth in trading services, post-trade services and listing fees.
The group’s gross profit increased 8.7% YoY in 2021 due to higher operating revenues. In addition, Zakat expenses decreased by 20.7% because of the optimization of the group’s financial assets in 2021.
The company reported a net profit after Zakat and tax of SAR 110.5 million in Q4 2021, a decline of 28% YoY.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 382.14 | 257.54 | (32.6 %) |
| Gross Income | 302.68 | 184.53 | (39.0 %) |
| Operating Income | 226.01 | 110.57 | (51.1 %) |
| Net Income | 153.59 | 110.46 | (28.1 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 1.28 | 0.92 | (28.1 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 262.64 | 257.54 | (1.9 %) |
| Gross Income | 178.48 | 184.53 | 3.4 % |
| Operating Income | 130.30 | 110.57 | (15.1 %) |
| Net Income | 115.19 | 110.46 | (4.1 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.96 | 0.92 | (4.1 %) |
On a sequential basis, Q4 2021 net profit decreased 4.1%.
Shareholders' equity, excluding minority interest, at the end of the period amounted to SAR 3.092 billion, compared to SAR 3.634 billion in the same period of the previous year.
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