Saudi Tadawul Group’s net profit for the first quarter of 2025 fell by 40%, dropping to $32 million due to slower trading activity

Saudi Tadawul Group’s net profit for the first quarter of 2025 fell by 40%, dropping to $32 million due to slower trading activity

Saudi Tadawul Group Holding Co. said on Sunday that its net profit for the first quarter dropped by 40.2% compared to last year, reaching $32.1 million (SAR 120.5 million). This was due to lower trading volumes in its markets.

Q1 Financials

The company that runs Saudi Arabia’s stock exchange made a net profit in the first quarter, which is lower than $53.7 million (SAR 201.5 million) from the same time last year, according to a report on the Saudi Exchange (Tadawul).

Tadawul’s revenue dropped by 15.3% to $87.5 million (SAR 328.2 million). This was mainly because trading values fell by 33.8%. However, revenue from other services related to trading increased by 17.3%.

Operating expenses went up by 13% to $58.8 million (SAR 220.7 million), mainly due to more staff costs and higher spending on maintaining systems, as part of the company’s growth plans.

Gross profit fell by 26.5% to $51.3 million (SAR 192.3 million), and operating profit dropped by 44% to $28.7 million (SAR 107.6 million). Earnings per share were $0.27 (SAR 1), down from $0.45 (SAR 1.68) last year.

Other Key Figures

Total income fell by 40.9% to $31.7 million (SAR 119.1 million), but the value of the company’s equity (after minority interests) increased by 7.7% to $954.1 million (SAR 3.58 billion).

By segment, Capital Markets revenue fell by 23.9% to $27.1 million (SAR 101.6 million), due to lower trading values, even though income from listing services went up by 20.3%.

In the Post-Trade segment, revenue dropped by 18.7% to $44.9 million (SAR 168.4 million) because of slower trading.

On the other hand, the Data and Technology Services segment saw a 23.7% increase in revenue to $15.5 million (SAR 58.2 million), thanks to more income from co-location services and the Direct Financial Network Company.

Big Number

Tadawul’s market value is $2.6 trillion (SAR 9.6 trillion) as of April 27, 2025.

Share Price

The Tadawul All-Share Index (TASI), which includes all companies listed on the exchange, stayed at $3,135 (SAR 11,764) as of 12:30 pm AST on Sunday.

Published: 28th April 2025

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