Saudi Tadawul Group Net Profit Falls 32% in H1 2026 to SAR 147.7M
Saudi Tadawul Group Holding Co. (1111) posted a net profit of SAR 147.7 million for the first half of 2026, a 31.9% decline from SAR 216.8 million in H1 2025. Revenue dropped 4.6% to SAR 617.1 million, impacted by a 9.1% decrease in average daily traded values.
Key Numbers
Saudi Tadawul Group Holding Co. (1111) announced its interim financial results for the six months ended June 30, 2026, reporting a net profit after zakat of SAR 147.7 million, down 31.9% from SAR 216.8 million in the same period last year. The decline was driven by lower operating revenue and higher expenses.
Key Financial Results
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | SAR 617.1M | SAR 647.1M | -4.6% |
| Net Profit After Zakat | SAR 147.7M | SAR 216.8M | -31.9% |
| Gross Profit | SAR 312.9M | SAR 363.1M | -13.8% |
| Operating Profit | SAR 109.7M | SAR 185.7M | -40.9% |
| EBITDA | SAR 185.7M | (not disclosed) | -20.7% |
On a quarterly basis, Q2 2026 revenue rose 9.5% to SAR 322.6 million, and net profit surged 65.6% to SAR 92.1 million compared to Q1 2026.
Key Highlights from the Statement
The company attributed the annual revenue decline to a 9.1% drop in average daily traded values, which impacted Capital Markets (-13.8%) and Post Trade Services (-5.1%) segments. Data and Technology Services revenue grew 11.8%. Operating expenses increased 10% due to higher depreciation and strategic growth investments.
Guidance
No specific numerical guidance was provided, but the company indicated continued execution of strategic growth and revenue diversification plans.
Stock Impact
The stock may face pressure from the YoY decline, but the sequential improvement could provide support. Investors will focus on the company's ability to offset lower trading volumes with growth in data and technology services.
What This Means for Investors
The results highlight challenges from reduced trading activity, but growth in data and technology services and the QoQ revenue recovery suggest partial success in diversification. Investors should monitor trading volume trends and new investments.
Frequently Asked Questions
Found this useful? Share it