Saudi Tadawul Group Holding Company · TADAWUL:1111
Saudi Tadawul — 9M 2025 Earnings Presentation
31 slides from Saudi Tadawul's earnings presentation, 2025
Slide 1: Nine Months 2025 Financial Results Presentation
Nine Months - 2025 Financial Results Presentation VJ
Slide 2: Presenters
Group Investor Relations Head Group Chief Financial Officer Group Chief Strategy Officer
Slide 3: Important Notice | Disclaimer
IMPORTANT NOTICE | DISCLAIMER Disclaimer All information included in this document is has been prepared solely to be used to present general information and financial results of Saudi Tadawul Group Holding Company (the “Group”). By attending the earnings call meeting or accessing this presentation,
Slide 4: Key Highlights
- 01 Key Highlights
Slide 5: Key Highlights | Market Performance Snapshot
KEY HIGHLIGHTS | MARKET PERFORMANCE SNAPSHOT 5 Demonstrated market resilience despite global market disruptions and volatility 42 Total Number of New Listed Securities 4 vs. 30 in 9M 2024 49,367 bn Market Capitalizationa $2,498 bn ‘ (8.7%) YoY 462 Total Number of Listed Securities 11* Largest Global
Slide 6: Market Performance by Market Segment
(Main Market) (Nomu - Parallel Market ) (Debt Instrument) (Main Market) (Nomu - Parallel Market ) (Debt Instrument)
Slide 7: Key Highlights | Market Performance Snapshot
KEY HIGHLIGHTS | MARKET PERFORMANCE SNAPSHOT Lower trading activity reflects softer market sentiment amid high interest rates and geopolitical momentum ADTY Yearly Evolution’ ONT Se Y-0-Y Y-0-Y > Q-0-O- Y-0-Y > 2021 2022 2023 2024 ; 9M 2024 9M 2025 032024 042024012025 22025032025 9M 2024 9M 2025) 9M
Slide 8: Qualified Foreign Investor Holdings
Main Market of Issued Shares of Free Float Main Market of Issued Shares of Free Float ^ Total QFI Holding Registered Qualified Value Foreign Investors (QFIs)
Slide 9: Key Highlights | Financial Performance Snapshot
KEY HIGHLIGHTS | FINANCIAL PERFORMANCE SNAPSHOT 9 EBITDA 4t 329.0 m Net Income After Zakat st 299.4 m » Revenue Dynamics: Operating Operating revenues Revenue dt 964.9 m declined by 12.3% year-on- year to SAR 964.9 million in 9M 2025, primarily due to lower trading activity, $257.3 m partially offse
Slide 10: Diversified Growth Driving Long-Term Resilience
- 02 Diversified Growth Driving Long-Term Resilience
Slide 11: Key Highlights | Resilient Revenue Diversification
KEY HIGHLIGHTS | RESILIENT REVENUE DIVERSIFICATION Strong double-digit revenue growth underpinned by expanding Non-ADTV revenue streams 2015 2021 (IPO) ~ AEM Non-ADTV Revenue 4 102.7 25.5% 4t 402.7 us 2015 Revenue ADTV Revenue # 299.9 74.5% 4 ADTV Revenue 4) Non-ADTV Revenue 9M 2025 Financial Result
Slide 12: Financial Performance
- 02 Financial Performance
Slide 13: Segment Revenue Changes
Decrease by 18.9%, driven by lower Trading Services and derivatives offset by higher Listing Services (+8.4%) and Membership (+50.7%). ^ ▼ Decrease by 17.5%, driven by lower Post Trade, Collateral and membership revenues, offset by a 22% increase in Derivatives. ^ ▼ Segment up 22.6%, driven by stron
Slide 14: Financial Performance | Operating Revenue Highlights
FINANCIAL PERFORMANCE | OPERATING REVENUE HIGHLIGHTS 14 — Substantial growth in non-ADTV revenue, reflecting progress in our diversification strategy ADTV vs. Non-ADTV Revenue Snapshot ADTV vs. Non-ADTV Revenue Evolution 9M 2024 9M 2025 505.9 (46.0%) 559.6 (58.0%) 1,100.2 964.9 405.3 (42.0%) 594.3 (
Slide 15: Segmental Revenue Deep Dive: Capital Markets
FINANCIAL PERFORMANCE | SEGMENTAL REVENUE DEEP DIVE 15 Capital Markets Segment Capital Markets Segment 9M 2024 9M2025 —Y-0-Y Segment Highlights: Segment Revenue 354.2 288.4 (18.6%) » Revenues in the Capital Markets Segment decreased by 18.6%, compared to 9M 2024, reaching 4¢ 288.4 million in 9M 2025
Slide 16: Segmental Revenue Deep Dive: Post Trade Services
FINANCIAL PERFORMANCE | SEGMENTAL REVENUE DEEP DIVE 16 Post Trade Services Segment Post Trade Services 9M 2024 9M2025 —Y-0-Y Segment Highlights: Segment” Segment Revenue 591.6 486.9 (17.7%) » Revenues in the Post-trade Segment decreased by 17.7% compared to 9M 2024, reaching SAR 486.9 million in 9M
Slide 17: Segmental Revenue Deep Dive: Data and Technology Services
FINANCIAL PERFORMANCE | SEGMENTAL REVENUE DEEP DIVE 17 Data and Technology Services Segment Data & Technology 9M 2024 9M2025 —Y-0-Y Segment Highlights: Services Segment Segment Revenue 154.4 189.6 22.8% » Revenues in the Segment increased by 22.8% compared to 9M 2024, reaching SAR 189.6 million in 9
Slide 18: Margin Trends
^ ^ 40.2% 35.9% 47.5% 39.6% 32.8% 29.8% 34.1% ^
Slide 19: Margin Trends
^ ^ 39.1% 46.0% 33.5% 36.7% 30.2% 26.0% 31.0% ^
Slide 20: Investment Income Highlights
20 INVESTMENT INCOME HIGHLIGHTS FINANCIAL PERFORMANCE Investment income increased by 18.0% YoY, primarily driven by higher AUM Investment Portfolio Size Investment Income on Investment Portfolio + YoY ——> 3,163.3 2,931.4 2,774.8 2874.9 2,753.1 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 9M 2024 9M 2025
Slide 21: Net Profit and Cash Flow Highlights
FINANCIAL PERFORMANCE | NET PROFIT AND CASH FLOW HIGHLIGHTS Net income declined compared to the previous year driven by lower ADTV-related revenues and increased operating costs, despite positive contributions from non-ADTV revenues & investment income Net Profit After Zakat Movement 505.7 Net ADTV
Slide 22: Q&A
- 03 O&A
Slide 23: Contact us
Contact us .. Investor Relations Department |. R@tadawulgroup.sa Address: King Abdullah Financial District (KAFD) - Parcel 1.17, Financial Blvd Al Aqiq, Riyadh 13519 - Kingdom of Saudi Arabia 9M 2025 Financial Results - Saudi Tadawul Group
Slide 24: Appendix
- 03 Appendix 9M 2025 Financial Results - Saudi Tadawul Group
Slide 25: Key Developments and Milestones
25 • Saudi Arabia has been added to the J.P. • Saudi Tadawul Group, signing Memorandum of Morgan GBI-EM Bond Index watchlist, a • Saudi Tadawul Group continued to make Understanding (MoU) with the Damascus strong signal that it may soon achieve targeted investments in people, systems, and Securities
Slide 26: Key Highlights | Resilient Revenue Diversification
KEY HIGHLIGHTS | RESILIENT REVENUE DIVERSIFICATION 26 Diversified revenue base demonstrates resilience, with strong growth in non-ADTV streams Non-ADTV revenues accelerate, driving long-term diversification and stability 1446.6 2015 2016 2017—=—«2018.~—S—« 2019-2020 2021 ~=S««2022-=S 2023 = 2024 ‘9M
Slide 27: Our Strategy Framework
SAUDI TADAWUL GROUP | A BRIDGE BETWEEN GLOBAL INVESTORS AND REGIONAL ECONOMIES Our Strategy Framework Our Aspiration 27 We have al market, and a bridge between global investors and regional economies ims to get Saudi Arabia among the top three largest stock markets on the planet, fostering the devel
Slide 28: 9M 2025 Financial Results - Saudi Tadawul Group
28 9M 2025 Financial Results - Saudi Tadawul Group
Slide 29: Appendix | Balance Sheet and Income Statement
APPENDIX | BALANCE SHEET AND INCOME STATEMENT Key Financials Snapshot Balance Sheet Snapshot (ggThousands) 9M 2024 9M 2025 Total Assets 9,520,406.4 3% 9,215,238.4 Total Liabilities 6,152,403.9 46% 5,866,863.0 3,367,962.5 0.6% 3,348,375.4 3,367,962.5 06% 3,347,343.0 9,520,406.4 -3.2% 9,215,238.4 Inco
Slide 30: Financial Results Calendar
Financial Results Calendar* Please visit our Investor Relations Calendar page to stay up to date with our latest financial announcements and events
Slide 31: Thank You
Thank You www.tadawulgroup.sa
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