TADAWUL GROUP

Saudi Tadawul Group Holding Company

1111StocksTadawulDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.26B	1.45B	1.07B	1.09B	1.17B
Cost of Revenue	544.91M	534.76M	465.94M	387.73M	331.79M
Gross Profit	716.32M	911.80M	606.84M	702.47M	834.29M
SG&A	327.81M	318.23M	248.37M	227.31M	191.47M
R&D	23.44M	18.27M	19.41M	14.87M	17.23M
Operating Expenses	398.86M	350.19M	282.59M	258.87M	222.46M
Operating Income	317.47M	561.61M	324.25M	443.60M	611.84M
Interest Income	176.25M	151.12M	127.03M	55.96M	40.60M
Interest Expense	-36.08M	-6.22M	-0.17M	-0.13M	-0.96M
Other Income/Expense	-1.06M	3.94M	3.04M	2.74M	5.73M
Pretax Income	453.88M	680.72M	437.00M	492.29M	653.93M
Income Tax	59.28M	59.83M	55.50M	67.69M	66.22M
Net Income	395.61M	621.84M	390.06M	424.60M	587.70M
EBITDA	350.42M	590.59M	343.47M	459.34M	623.73M
EBIT	317.47M	561.61M	324.25M	443.60M	611.84M
EPS (Basic)	3.30	5.18	3.25	3.54	4.90
EPS (Diluted)	3.30	5.18	3.25	3.54	4.90
DPS	2.30	3.35	2.30	2.31	3.00
Margins & Efficiency
Gross Margin %	+56.8%	+63.0%	+56.6%	+64.4%	+71.5%
EBITDA Margin %	+27.8%	+40.8%	+32.0%	+42.1%	+53.5%
Net Margin %	+31.4%	+43.0%	+36.4%	+38.9%	+50.4%
Revenue & Income
Revenue	1.26B	1.45B	1.07B	1.09B	1.17B
Revenue Growth (YoY)	-12.8%	+34.8%	-1.6%	-6.5%	+8.0%
Interest & Investment Income	176.25M	151.12M	127.03M	55.96M	40.60M
Earnings From Equity Investments	-0.72M	-29.72M	-17.16M	-9.92M	-3.28M
Gain (Loss) on Sale of Investments	-6.53K	0.49K	-1.45K	46.66K	-3.00K
Expenses & Provisions
Cost of Revenue	544.91M	534.76M	465.94M	387.73M	331.79M
Selling, General & Admin	327.81M	318.23M	248.37M	227.31M	191.47M
Research & Development	23.44M	18.27M	19.41M	14.87M	17.23M
Operating Expenses	398.86M	350.19M	282.59M	258.87M	222.46M
Interest Expense	-36.08M	-6.22M	-0.17M	-0.13M	-0.96M
Other Non Operating Income (Expenses)	-1.06M	3.94M	3.04M	2.74M	5.73M
D&A For EBITDA	32.95M	28.98M	19.21M	15.74M	11.89M
Profitability & Returns
Gross Profit	716.32M	911.80M	606.84M	702.47M	834.29M
Gross Margin	+56.8%	+63.0%	+56.6%	+64.4%	+71.5%
EBIT	317.47M	561.61M	324.25M	443.60M	611.84M
EBIT Margin	+25.2%	+38.8%	+30.2%	+40.7%	+52.5%
EBITDA	350.42M	590.59M	343.47M	459.34M	623.73M
EBITDA Margin	+27.8%	+40.8%	+32.0%	+42.1%	+53.5%
EBT Excluding Unusual Items	455.86M	680.72M	437.00M	492.24M	653.93M
Pretax Income	453.88M	680.72M	437.00M	492.29M	653.93M
Operating Income	317.47M	561.61M	324.25M	443.60M	611.84M
Operating Margin	+25.2%	+38.8%	+30.2%	+40.7%	+52.5%
Profit Margin	+31.4%	+43.0%	+36.4%	+38.9%	+50.4%
Net Income	395.61M	621.84M	390.06M	424.60M	587.70M
Net Income to Common	395.61M	621.84M	390.06M	424.60M	587.70M
Net Income Growth	-36.4%	+59.4%	-8.1%	-27.8%	+17.4%
Earnings From Continuing Ops.	394.60M	620.89M	381.50M	424.60M	587.70M
Minority Interest in Earnings	1.01M	0.96M	8.56M	—	—
Income Tax Expense	59.28M	59.83M	55.50M	67.69M	66.22M
Effective Tax Rate	+13.1%	+8.8%	+12.7%	+13.8%	+10.1%
Per Share & Capital
EPS (Basic)	3.30	5.18	3.25	3.54	4.90
EPS (Diluted)	3.30	5.18	3.25	3.54	4.90
EPS Growth	-36.4%	+59.4%	-8.1%	-27.8%	+17.4%
Dividend Per Share	2.30	3.35	2.30	2.31	3.00
Shares Outstanding (Basic)	120.00M	120.00M	120.00M	120.00M	120.00M
Shares Outstanding (Diluted)	120.00M	120.00M	120.00M	120.00M	120.00M
Dividend Growth	-31.3%	+45.7%	-0.4%	-23.0%	—
Free Cash Flow	321.02M	411.16M	253.68M	371.31M	548.07M
Free Cash Flow Margin	+25.5%	+28.4%	+23.6%	+34.1%	+47.0%
Free Cash Flow Per Share	2.68	3.43	2.11	3.09	4.57
Payout Ratio	+101.6%	+44.4%	+71.1%	+84.8%	+190.6%
Supplemental
Other Unusual Items	-1.97M	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.26B	1.45B	1.07B	1.09B	1.17B
Cost of Revenue	544.91M	534.76M	465.94M	387.73M	331.79M
Gross Profit	716.32M	911.80M	606.84M	702.47M	834.29M
SG&A	327.81M	318.23M	248.37M	227.31M	191.47M
R&D	23.44M	18.27M	19.41M	14.87M	17.23M
Operating Expenses	398.86M	350.19M	282.59M	258.87M	222.46M
Operating Income	317.47M	561.61M	324.25M	443.60M	611.84M
Interest Income	176.25M	151.12M	127.03M	55.96M	40.60M
Interest Expense	-36.08M	-6.22M	-0.17M	-0.13M	-0.96M
Other Income/Expense	-1.06M	3.94M	3.04M	2.74M	5.73M
Pretax Income	453.88M	680.72M	437.00M	492.29M	653.93M
Income Tax	59.28M	59.83M	55.50M	67.69M	66.22M
Net Income	395.61M	621.84M	390.06M	424.60M	587.70M
EBITDA	350.42M	590.59M	343.47M	459.34M	623.73M
EBIT	317.47M	561.61M	324.25M	443.60M	611.84M
EPS (Basic)	3.30	5.18	3.25	3.54	4.90
EPS (Diluted)	3.30	5.18	3.25	3.54	4.90
DPS	2.30	3.35	2.30	2.31	3.00
Margins & Efficiency
Gross Margin %	+56.8%	+63.0%	+56.6%	+64.4%	+71.5%
EBITDA Margin %	+27.8%	+40.8%	+32.0%	+42.1%	+53.5%
Net Margin %	+31.4%	+43.0%	+36.4%	+38.9%	+50.4%
Revenue & Income
Revenue	1.26B	1.45B	1.07B	1.09B	1.17B
Revenue Growth (YoY)	-12.8%	+34.8%	-1.6%	-6.5%	+8.0%
Interest & Investment Income	176.25M	151.12M	127.03M	55.96M	40.60M
Earnings From Equity Investments	-0.72M	-29.72M	-17.16M	-9.92M	-3.28M
Gain (Loss) on Sale of Investments	-6.53K	0.49K	-1.45K	46.66K	-3.00K
Expenses & Provisions
Cost of Revenue	544.91M	534.76M	465.94M	387.73M	331.79M
Selling, General & Admin	327.81M	318.23M	248.37M	227.31M	191.47M
Research & Development	23.44M	18.27M	19.41M	14.87M	17.23M
Operating Expenses	398.86M	350.19M	282.59M	258.87M	222.46M
Interest Expense	-36.08M	-6.22M	-0.17M	-0.13M	-0.96M
Other Non Operating Income (Expenses)	-1.06M	3.94M	3.04M	2.74M	5.73M
D&A For EBITDA	32.95M	28.98M	19.21M	15.74M	11.89M
Profitability & Returns
Gross Profit	716.32M	911.80M	606.84M	702.47M	834.29M
Gross Margin	+56.8%	+63.0%	+56.6%	+64.4%	+71.5%
EBIT	317.47M	561.61M	324.25M	443.60M	611.84M
EBIT Margin	+25.2%	+38.8%	+30.2%	+40.7%	+52.5%
EBITDA	350.42M	590.59M	343.47M	459.34M	623.73M
EBITDA Margin	+27.8%	+40.8%	+32.0%	+42.1%	+53.5%
EBT Excluding Unusual Items	455.86M	680.72M	437.00M	492.24M	653.93M
Pretax Income	453.88M	680.72M	437.00M	492.29M	653.93M
Operating Income	317.47M	561.61M	324.25M	443.60M	611.84M
Operating Margin	+25.2%	+38.8%	+30.2%	+40.7%	+52.5%
Profit Margin	+31.4%	+43.0%	+36.4%	+38.9%	+50.4%
Net Income	395.61M	621.84M	390.06M	424.60M	587.70M
Net Income to Common	395.61M	621.84M	390.06M	424.60M	587.70M
Net Income Growth	-36.4%	+59.4%	-8.1%	-27.8%	+17.4%
Earnings From Continuing Ops.	394.60M	620.89M	381.50M	424.60M	587.70M
Minority Interest in Earnings	1.01M	0.96M	8.56M	—	—
Income Tax Expense	59.28M	59.83M	55.50M	67.69M	66.22M
Effective Tax Rate	+13.1%	+8.8%	+12.7%	+13.8%	+10.1%
Per Share & Capital
EPS (Basic)	3.30	5.18	3.25	3.54	4.90
EPS (Diluted)	3.30	5.18	3.25	3.54	4.90
EPS Growth	-36.4%	+59.4%	-8.1%	-27.8%	+17.4%
Dividend Per Share	2.30	3.35	2.30	2.31	3.00
Shares Outstanding (Basic)	120.00M	120.00M	120.00M	120.00M	120.00M
Shares Outstanding (Diluted)	120.00M	120.00M	120.00M	120.00M	120.00M
Dividend Growth	-31.3%	+45.7%	-0.4%	-23.0%	—
Free Cash Flow	321.02M	411.16M	253.68M	371.31M	548.07M
Free Cash Flow Margin	+25.5%	+28.4%	+23.6%	+34.1%	+47.0%
Free Cash Flow Per Share	2.68	3.43	2.11	3.09	4.57
Payout Ratio	+101.6%	+44.4%	+71.1%	+84.8%	+190.6%
Supplemental
Other Unusual Items	-1.97M	—	—	—	—