Saudi Tadawul Group Holding (1111) investor relations material

Executive summary

• 9M operating revenue fell 5.8% YoY to SAR 909.3m; net profit after zakat declined 34.6% to SAR 195.8m as weaker trading-linked revenue was partly cushioned by stable non-ADTV revenue and cost control.

• Data and Technology Services grew 5.8%, while Capital Markets and Post Trade Services declined; strategic initiatives focused on market development and revenue diversification.

• Interim financial statements received an independent review conclusion with no material departures from IAS 34 identified.

Financial highlights

• Q3 operating revenue was SAR 292,152,531, down 8.1% YoY; net profit after zakat was SAR 48,097,135, down 41.8%.

• 9M operating revenue was SAR 909,285,597; net profit after zakat was SAR 195,874,018, down 34.6% YoY.

• 9M EBITDA was SAR 263.2m, down 20.0% YoY; gross profit was SAR 442.9m.

• Q3 gross profit was SAR 130.1m and operating profit SAR 29.5m; 9M operating profit was SAR 139.3m.

• EPS was SAR 0.40 in Q3 versus SAR 0.69 YoY, and SAR 1.63 for 9M versus SAR 2.50.

Outlook and guidance

• Priorities include strategy execution, market development, investor confidence and participation, operational excellence, innovation and long-term shareholder value.

• Focus remained on cost management, revenue diversification, scaling non-ADTV businesses and strengthening operating leverage.

• Strategic investment targeted market development, data and technology capabilities, infrastructure and new products; WAMID supported Data and Technology Services growth.