Saudi Tadawul 2 2Q revenue 318.9m riyals, estimated 329m riyals

Saudi Tadawul 2 2Q revenue 318.9m riyals, estimated 329m riyals

Saudi Tadawul, the Saudi stock exchange, has released its second-quarter (Q2) 2025 financial results, reporting a revenue of 318.9 million Riyals. The figure is slightly below the estimated 329 million Riyals, indicating a marginal shortfall from expectations [1].

The revenue growth is attributed to several key factors. The company achieved a sales growth of 8.4% compared to the same quarter of the previous year, primarily driven by enhanced operational efficiency across sales channels, a 48% increase in sales from branches in the GCC countries, and a 62% rise in e-commerce platform sales [1].

Despite the revenue growth, the net profit for the quarter increased by 8.4%, reflecting improved market performance. This was driven by a 32% improvement in gross profit, tighter control over direct costs, and a reduction in finance costs following a review of the capital structure and greater reliance on internal resources [1].

The company also experienced a decline in sales during the current quarter compared to the previous one, primarily due to the elevated demand observed during the Ramadan season [1]. However, the net profit decline was primarily attributed to a drop in sales.

The Saudi Tadawul Group has also signed a key memorandum of understanding (MoU) with the Damascus Securities Exchange to explore dual listings, fintech, and new investment funds. This agreement is part of a broader effort to deepen cooperation between Saudi Arabia and Syria, with the Saudi-Syrian Investment Forum 2025 concluding with the signing of 47 agreements valued at SR24 billion ($6.4 billion) [2].

References:
[1] https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anCat=1&anId=88949&cs=4192&locale=en
[2] https://www.saudigazette.com.sa/article/653654/SAUDI-ARABIA/Saudi-Syrian-Investment-Forum-signs-$64B-deals-launches-joint-business-council