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Saudi Tadawul Group Holding Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

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TADAWUL GROUP
1.34 %
1444/08/06     26/02/2023 08:01:02

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 1,071.41,166.1-8.12
Gross Profit (Loss) 683.7834.3-18.05
Operational Profit (Loss) 427.1613.6-30.39
Net Profit (Loss) after Zakat and Tax 424.6587.7-27.75
Total Comprehensive Income 447.2577.8-22.6
Total Share Holders Equity (after Deducting Minority Equity) 3,179.693,092.442.82
Profit (Loss) per Share 3.544.9
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The Group achieved a net profit after zakat of SAR 424.6 million in FY 2022, a 27.8% year on year (YoY) decrease from SAR 587.7 million in the same period of 2021, This was mainly driven by the following:

• Operating Revenue decreased 8.1% YoY reaching SAR 1,071.4 million in FY 2022 compared to SAR 1,166.1 million in the same period of 2021, predominantly due to the decrease in trading revenue and post trade revenue driven by the decrease in trading values which contracted by 23.0%.

• Operating expenditures increased 16.6% YoY reaching SAR 644.3 million in the FY 2022 compared to SAR 552.5 million in the same period of 2021, due to the increase in the salaries and related benefits, the largest cost item, driven by the increase in headcount as per the Group’s plan.

• EBITDA decreased 26.9% YoY reaching SAR 490.3 million in the FY 2022 compared to SAR 670.6 million in the same period of 2021, due to the decrease in the Group’s operating revenue against growth in the Group’s operating expenditures.

• Gross Profit decreased 18.0% YoY reaching SAR 683.7 million in the FY 2022 compared to SAR 834.3 million in the same period of 2021, due to the decrease in the Group’s operating revenue against growth in the Group’s operating expenditures.

Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform the current year presentation.
Additional Information The Group is organized into business segments based on services provided. The reportable segments of the Group are as below:

• Capital Markets Segment: The Capital Markets segment’s revenue, which includes trading services and listing fees, decreased 17.0% YoY, reaching SAR 406.5 million in FY 2022.

Trading services revenue decreased 23.4% YoY reaching SAR 313.4 million in FY 2022 compared to SAR 409.4 million in the same period of 2021, driven by the decrease in trading values which contracted by 23.0%.

Listing fees revenue increased 15.8% YoY reaching to SAR 93.2 million in FY 2022 compared to SAR 80.5 million in the same period of 2021, mainly due to an increase in the number and size of listings.

• Data & Technology Services Segment: Data and Technology services revenue increased 7.4% YoY reaching SAR 100.2 million in FY 2022 compared to SAR 93.3 million in the same period of 2021 driven mainly by Wamid’s co-location service, which was activated in Q1 2022.

• Post-Trade Segment: Post-trade revenue decreased 3.1% YoY reaching SAR 564.7 million in FY 2022 compared to SAR 583.0 million in the same period of 2021, mainly driven by the decrease in trading values which contracted by 23.0% mitigated by the new fees structure of post trade services (Clearing, Settlement and Safekeeping).

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.

Company Performance

TADAWUL GROUP
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Key Parameters
Last Price 241.6
Net Change 3.2 (+1.34%)
Value Traded (Sar) 15,589,860.4
Volume Traded 64,834
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