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Saudi Tadawul Group Holding Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 293.9332.4-11.582257.514.135
Gross Profit (Loss) 206.2240.1-14.119172.219.744
Operational Profit (Loss) 153.8194.6-20.966110.938.683
Net Profit (Loss) after Zakat and Tax 140.6179.6-21.714110.527.239
Total Comprehensive Income 140.6179.6-21.714100.639.761
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 3,233.13,814.3-15.237
Profit (Loss) per Share 1.171.5
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Saudi Tadawul Group Holding Co. (“The Group”) achieved a net profit after zakat of SAR 140.6 million in Q1 2022, a 21.7% year on year (YoY) decrease from SAR 179.6 million in Q1 2021. This was mainly driven by the following:

Operating Revenue decreased 11.6% YoY reaching SAR 293.9 million in Q1 2022 compared to SAR 332.4 million in Q1 2021, predominantly due to a decrease in trading services and post trade services driven by the normalization of trading volumes which contracted 22.1%

Operating Expenditures increased 1.8% YoY reaching SAR 140.2 million in Q1 2022 compared to SAR 137.7 million in Q1 2021, due to an increase in the salaries and related benefits, the largest cost item, driven by an increase in staff count.

EBITDA decreased 20.4% YoY reaching SAR 166.4 million in Q1 2022 compared to SAR 209.0 million in Q1 2021, due to a decrease in the Group’s operating revenue against moderate growth in the Group’s operating expenditures.

Gross Profit decreased 14.1% YoY reaching SAR 206.2 million in Q1 2022 compared to SAR 240.1 million in Q1 2021, due to a decrease in operating revenue.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The Group achieved a net profit after zakat of SAR 140.6 million in Q1 2022, a 27.3% quarter on quarter (QoQ) increased from SAR 110.5 million in Q4 2021, This was mainly driven by the following:

Operating Revenue increased 14.1% QoQ reaching SAR 293.9 million in Q1 2022 compared to SAR 257.5 million in Q4 2021, predominantly due to an increase in trading services and post trade services driven by a stronger trading environment.

Operating Expenditures decreased 4.4% QoQ reaching SAR 140.2 million in Q1 2022 compared to SAR 146.7 million in Q4 2021, due to a decrease in the salaries and related benefits, the largest cost item.

EBITDA increased 34.1% QoQ reaching SAR 166.4 million in Q1 2022 compared to SAR 124.1 million in Q4 2021, due to the increase in the Group’s operating revenue and moderate decrease in the Group’s operating expenditures.

Gross Profit increased 19.8% QoQ reaching SAR 206.2 million in Q1 2022 compared to SAR 172.2 million in Q4 2021, due to the increase in operating revenue.

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A
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: Capital Markets’ revenue, which includes trading services and listing fees, decreased 16.4% YoY, reaching SAR 121.3 million in Q1 2022.

Trading services revenue decreased 22.0% YoY reaching SAR 99.7 million in Q1 2022 compared to SAR 127.8 million in Q1 2021, driven by normalization of trading volumes which contracted 22.1%

Listing fees revenue increased 25.7% YoY reaching SAR 21.6 million in Q1 2022 compared to SAR 17.2 million in Q1 2021, mainly due to an increase in the number and size of listings.

Data & Technology Services Segment: Data and Technology services revenue increased 3.2% YoY reaching SAR 24.6 million in Q1 2022 compared to SAR 23.9 million in Q1 2021 driven by co-location service, which was activated in Q1 2022.

Post-Trade Segment: Post-trade revenue decreased 9.4% YoY reaching SAR 148.1 million in Q1 2022 compared to SAR 163.5 million in Q1 2021, mainly driven by normalization of trading volumes which contracted 22.1%

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.

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Last Price Net Change
163.0 -3.4 (-2.04%)
Value Traded (SAR) Volume Traded
58,467,735.4 350,585