Saudi Tadawul reports 41.8% drop in third-quarter profit to SAR 48.1 million
Key Facts
Saudi Tadawul Group Holding reported on 26/10/2026 that third-quarter net profit after zakat fell to SAR 48.1 million, down 41.8% from the same period a year earlier. Earnings per share were SAR 0.40, compared with SAR 0.69 in the third quarter of 2025. Operating revenue was SAR 292.2 million, compared with SAR 317.8 million a year earlier, a decline of 8.1%. The figures put the third quarter on a weaker year-on-year track for both revenue and profitability. The company’s available disclosures do not establish that results came in below analysts’ consensus by a specific percentage.
The group attributed part of the revenue decline to weaker performance in its capital markets and post-trade services segments. Capital markets revenue fell 12.5% year on year, while post-trade services revenue declined 7.2%. As a result, revenue from trading-related activities fell 14.6% during the quarter. The decline highlights the link between part of the market operator’s revenue and the level of trading activity and related services. The disclosure’s figures available here provide no additional quantitative detail on each segment’s contribution to total quarterly revenue.
Results for the nine months ended September 30 showed diverging performance across the group’s units. Data and technology segment revenue rose 5.8% from the same period in 2025. By contrast, capital markets revenue fell 13.4%, and post-trade services revenue declined 5.7%. The divergence means growth in data and technology did not prevent continued pressure on the market-related and post-trade services segments. The nine-month figures provide broader context than a single-quarter result, combining segment performance through the end of September.
According to Investing.com’s earnings results page, reported earnings per share for the results published in September were SAR 0.714, against a forecast of SAR 0.878, with a listed negative surprise of about 18.7%. But the actual figure on that page does not match the SAR 0.40 per-share earnings reported by the group in its disclosure. This reading therefore does not align with the company’s official figure and does not on its own establish the size of the surprise relative to market expectations. In the stock’s trading, price data showed a close of SAR 104.70 on October 26, down 1.87% that day. The close then rose to SAR 110.10 on October 27, up 5.16%, according to published historical data.
The previous quarter’s results included a 4.3% year-on-year decline in net profit after zakat in the second quarter of 2026. The group said operating expenses rose 4.7% that quarter, attributing the increase to depreciation and amortization expenses. For the first half, the company linked lower capital markets revenue to a 9.1% year-on-year decline in average daily trading values. It said 23.5% growth in membership services revenue partly offset the decline. The group is scheduled to announce its 2026 full-year results and hold an earnings call on March 1, 2027, according to its investor relations calendar, although the date is subject to change.