Saudi Tadawul Group Holding (1111) investor relations material

Executive summary

• Operating revenue for H1 2026 was SAR 617.1 million, down 4.6% year-over-year, mainly due to lower trading activity and a 9.1% decrease in average daily traded value (ADTV).

• Net profit after zakat attributable to shareholders was SAR 147.7 million, a 31.9% decrease compared to H1 2025.

• Non-ADTV revenue grew 2.1% YoY to SAR 376.5 million, now comprising 61% of the revenue mix, with Data & Technology up 11.8% YoY.

• Strategic initiatives included the launch of SPACs on Nomu, expansion of WAMID analytics, and Saudi Arabia's inclusion in major global indices.

• Institutional investors now dominate Main Market trading, supporting non-ADTV growth and diversification.

Financial highlights

• Operating revenue: SAR 617.1 million, down 4.6% YoY.

• EBITDA: SAR 185.7 million, down 20.7% YoY; EBITDA margin at 30.1%.

• Net income after zakat: SAR 147.7 million, down 31.9% YoY.

• Operating expenditures increased by 10.0% YoY, mainly due to higher depreciation and amortization.

• Earnings per share for H1 2026 was SAR 1.23, compared to SAR 1.81 in H1 2025.

Outlook and guidance

• Focus on broadening product offerings beyond cash equities and accelerating Data & Technology business growth.

• Continued execution of strategic initiatives, including derivatives refresh (Q3 2026) and new data center (Q1 2027), to support long-term value creation.

• EBITDA margin expected to remain in the 26-30% short-term band as cost growth decelerates.