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Saudi Tadawul Group Holding Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 298.1313.5-4.91293.91.43
Gross Profit (Loss) 196.8231.2-14.88206.2-4.56
Operational Profit (Loss) 137.6175.9-21.77153.8-10.53
Net Profit (Loss) after Zakat and Tax 137.7181.1-23.96140.6-2.06
Total Comprehensive Income 137.7181.1-23.96140.6-2.06
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 592.1645.9-8.33
Gross Profit (Loss) 403471.3-14.49
Operational Profit (Loss) 291.1371.8-21.7
Net Profit (Loss) after Zakat and Tax 278.3362-23.12
Total Comprehensive Income 278.3362-23.12
Total Share Holders Equity (after Deducting Minority Equity) 3,010.72,876.74.66
Profit (Loss) per Share 2.323.02
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 The Group achieved a net profit after zakat of SAR 137.7 million in Q2 2022, a 24.0% year on year (YoY) decrease from SAR 181.1 million in Q2 2021, This was mainly driven by the following:

• Operating Revenue decreased 4.9% YoY reaching SAR 298.1 million in Q2 2022 compared to SAR 313.5 million in Q2 2021, predominantly due to the decrease in trading services driven by normalization of trading values which contracted by 21.6%.

• Operating expenditures increased 16.6% YoY reaching SAR 160.6 million in Q2 2022 compared to SAR 137.7 million in Q2 2021, mainly due to the increase in the salaries and related benefits, the largest cost item.

• EBITDA decreased 18.8% YoY reaching SAR 155.3 million in Q2 2022 compared to SAR 191.3 million in Q2 2021, due to the decrease in the Group’s operating revenue against growth in the Group’s operating expenditures.

• Gross Profit decreased 14.9% YoY reaching SAR 196.8 million in Q2 2022 compared to SAR 231.2 million in Q2 2021, due to the decrease in the Group’s operating revenue against growth in the Group’s operating expenditures.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The Group achieved a net profit after zakat of SAR 137.7 million in Q2 2022, a 2.1% quarter on quarter (QoQ) decrease from SAR 140.6 million in Q1 2022, This was mainly driven by the following:

• Operating expenditures Increased 14.5% QoQ reaching SAR 160.6 million in Q2 2022 compared to SAR 140.2 million in Q1 2022, due to the increase in the salaries and related benefits, the largest cost item.

• EBITDA decreased 6.7% QoQ reaching SAR 155.3 million in Q2 2022 compared to SAR 166.4 million in Q1 2022, due to the increase in the Group’s operating expenditures.

• Gross Profit decreased 4.6% QoQ reaching SAR 196.8 million in Q2 2022 compared to SAR 206.2 million in Q1 2022, due to the increase in the Group’s operating expenditures.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The Group achieved a net profit after zakat of SAR 278.3 million in H1 2022, a 23.1% year on year (YoY) decrease from SAR 362.0 million in H1 2021, This was mainly driven by the following:

• Operating Revenue decreased 8.3% YoY reaching SAR 592.1 million in H1 2022 compared to SAR 645.9 million in H1 2021, predominantly due to the decrease in trading services and post trade services driven by normalization of trading values which contracted by 21.9%

• Operating expenditures increased 9.8% YoY reaching SAR 300.9 million in H1 2022 compared to SAR 274.1 million in H1 2021, due to the increase in the salaries and related benefits, the largest cost item.

• EBITDA decreased 19.7% YoY reaching SAR 321.5 million in H1 2022 compared to SAR 400.4 million in H1 2021, due to the decrease in the Group’s operating revenue against growth in the Group’s operating expenditures.

• Gross Profit decreased 14.5% YoY reaching SAR 403.0 million in H1 2022 compared to SAR 471.3 million in H1 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 conclusion
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the current period 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 14.2% YoY, reaching SAR 115.9 million in Q2 2022.

Trading services revenue decreased 23.6% YoY reaching SAR 89.4 million in Q2 2022 compared to SAR 117.0 million in Q2 2021, driven by normalization of trading values which contracted by 21.6%

Listing fees revenue increased 46.2% YoY reaching to SAR 26.5 million in Q2 2022 compared to SAR 18.1 million in Q2 2021, mainly due to an increase in the number and size of listings.

• Data & Technology Services Segment: Data and Technology services revenue decreased 6.1% YoY reaching SAR 22.3 million in Q2 2022 compared to SAR 23.7 million in Q2 2021 driven mainly by lower revenue from Market Information services.

• Post-Trade Segment: Post-trade revenue increased 3.4% YoY reaching SAR 160.0 million in Q2 2022 compared to SAR 154.8 million in Q2 2021, mainly driven by the new fees structure of post trade services (Clearing, Settlement and Safekeeping) mitigated by the normalization of trading values which contracted by 21.6%.

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
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Value Traded (SAR) Volume Traded
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