Saudi Tadawul Group Holding Full Year 2024 Earnings: EPS Misses Expectations

Saudi Tadawul Group Holding (TADAWUL:1111) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س1.45b (up 35% from FY 2023).
• Net income: ر.س621.8m (up 59% from FY 2023).
• Profit margin: 43% (up from 36% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س5.18 (up from ر.س3.25 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saudi Tadawul Group Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 1.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Saudi Tadawul Group Holding's balance sheet and an in-depth analysis of the company's financial position.

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